Nobia AB (Nobia AB) Days Payable : 92.54 (As of Mar. 2024)

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What is Nobia AB Days Payable?

Nobia AB's average Accounts Payable for the three months ended in Mar. 2024 was $161 Mil. Nobia AB's Cost of Goods Sold for the three months ended in Mar. 2024 was $159 Mil. Hence, Nobia AB's Days Payable for the three months ended in Mar. 2024 was 92.54.

The historical rank and industry rank for Nobia AB's Days Payable or its related term are showing as below:

NBIAY' s Days Payable Range Over the Past 10 Years
Min: 46.8 Med: 53.4 Max: 94.27
Current: 94.27

During the past 13 years, Nobia AB's highest Days Payable was 94.27. The lowest was 46.80. And the median was 53.40.

NBIAY's Days Payable is ranked better than
66.09% of 404 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 69.105 vs NBIAY: 94.27

Nobia AB's Days Payable declined from Mar. 2023 (95.21) to Mar. 2024 (92.54). It may suggest that Nobia AB accelerated paying its suppliers.

Nobia AB Days Payable Historical Data

The historical data trend for Nobia AB's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nobia AB Days Payable Chart

Nobia AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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47.79

51.63

65.63

73.82

78.12

Nobia AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															95.21	95.03	102.95	86.36	92.54

Competitive Comparison of Nobia AB's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Nobia AB's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nobia AB's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nobia AB's Days Payable distribution charts can be found below:

* The bar in red indicates where Nobia AB's Days Payable falls into.

Nobia AB Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Nobia AB's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (196.377	+	167.876)	/	2 )	/	850.979	*	365
=	182.1265					/	850.979	*	365
=	78.12

Nobia AB's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (167.876	+	154.928)	/	2 )	/	159.154	*	365 / 4
=	161.402					/	159.154	*	365 / 4
=	92.54

Nobia AB Days Payable Related Terms

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Nobia AB (Nobia AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nobia AB (OTCPK:NBIAY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NOBI:Sweden 0GW0:UK NI8:Germany

Address

Blekholmstorget 30E, Stockholm, SWE, 111 64

Website

https://www.nobia.com

Nobia AB is a Sweden-based furniture company that designs, manufactures, and sells various kitchen products. The company operates in the United Kingdom, Denmark, Finland, and Austria. Nobia sells its products through a network of subsidiaries to retailers, builders' merchants, DIY stores, and professional construction companies. The company generates the majority of its net sales from the UK and, secondarily, from the Nordic region. The core brands of Nobia include Magnet, HTH, Marbodal, A la Carte, Sigdal, and ewe. The firm derives revenue from the sale and installation services of kitchen products and other products.

Nobia AB (Nobia AB) Headlines

From GuruFocus

Q4 2023 Nobia AB Earnings Call Transcript

By GuruFocus Research • 02-28-2024