N2OFF (NITO) Days Payable : 34.37 (As of Sep. 2024)

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What is N2OFF Days Payable?

N2OFF's average Accounts Payable for the three months ended in Sep. 2024 was $0.03 Mil. N2OFF's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.08 Mil. Hence, N2OFF's Days Payable for the three months ended in Sep. 2024 was 34.37.

The historical rank and industry rank for N2OFF's Days Payable or its related term are showing as below:

NITO' s Days Payable Range Over the Past 10 Years
Min: 516.32 Med: 668.34 Max: 1863.2
Current: 516.32

During the past 13 years, N2OFF's highest Days Payable was 1863.20. The lowest was 516.32. And the median was 668.34.

NITO's Days Payable is ranked better than
97.11% of 242 companies
in the Agriculture industry
Industry Median: 79.485 vs NITO: 516.32

N2OFF's Days Payable increased from Sep. 2023 (0.00) to Sep. 2024 (34.37). It may suggest that N2OFF delayed paying its suppliers.

N2OFF Days Payable Historical Data

The historical data trend for N2OFF'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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N2OFF Days Payable Chart

N2OFF Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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544.98

1,863.20

995.70

769.27

567.41

N2OFF Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															-	-	334.04	1,414.38	34.37

Competitive Comparison of N2OFF's Days Payable

For the Agricultural Inputs subindustry, N2OFF'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.

N2OFF's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, N2OFF's Days Payable distribution charts can be found below:

* The bar in red indicates where N2OFF's Days Payable falls into.

N2OFF 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.

N2OFF'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
=	( (0.127	+	0.044)	/	2 )	/	0.055	*	365
=	0.0855					/	0.055	*	365
=	567.41

N2OFF's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.025	+	0.033)	/	2 )	/	0.077	*	365 / 4
=	0.029					/	0.077	*	365 / 4
=	34.37

N2OFF Days Payable Related Terms

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N2OFF Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » N2OFF Inc (NAS:NITO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

HaPardes 134 Meshek Sander, Neve Yarak, ISR, 4994500

Website

https://www.n2off.com

N2OFF Inc is a pioneering agri-food tech company dedicated to developing sustainable solutions for the plant-based food industry. Operating through two subsidiaries, it delivers integrated solutions for enhanced safety, quality, and sustainability from field to fork.

Executives

Yaaran Investments Ltd.	10 percent owner	HARSIT 7 ST., SHEARY -TIKVA L3 4481000
Roy Borochov	director	52 HATEENA, KFAR BEN NUN L3 9978000
Plantify Foods, Inc.	10 percent owner	2264 EAST 11TH AVENUE, VANCOUVER A1 V5N1Z6
Udi Ovadia Kalifi	director	UZIEL 101, RAMAT GAN L3 5234433
Lital Barda	officer: Chief Financial Officer	DAVID MEIR GUTMAN 11, PETAH TIKVA L3 4934116
Neta Matis	officer: COO of the Issuer's Subsidiary	DAVID HAMELECH 11, HOD HASHARON L3 4523403
Omri Kanterovich	officer: Interim CFO	YUVAL NEEMAN 7, TEL AVIV L3 6967183
Mia Jacqueline Serra	officer: Chief Marketing Officer	HARAV KOSOVSKY 34, TEL AVIV L3 6291062
Eliahou Arbib	director	ARLOZOROV 25, RAMAT GAN L3 5248141
David Palach	officer: Co-Chief Executive Officer	EVEN GVIROL 1, RISHON LEZION L3 7548101
Amitay Weiss	director	HA'AZTMAUT 41, PETAH TIKVA L3 4937941
Ronen Rosenbloom	director	NISSIM ALONI 4, TEL AVIV L3 6291918
Israel Yakov Berenstein	director	SHEVET LEVI 13, PETAH TIKVA L3 4930092
Joachim Fuchs	director	HAZOREA 67, KFAR SHMARYAHU L3 4691000
Doron Shorrer	director	KOREH HADOROT 33, JERUSALEM L3 9339348