NOBGY (Noble Group) Days Payable: 33.32 (As of Sep. 2018)


What is Noble Group Days Payable?

Noble Group NOBGY -99.00% Days Payable is 33.32 as of Sep. 2018.

Noble Group's average Accounts Payable for the three months ended in Sep. 2018 was $424 Mil. Noble Group's Cost of Goods Sold for the three months ended in Sep. 2018 was $1,161 Mil. Hence, Noble Group's Days Payable for the three months ended in Sep. 2018 was 33.32.

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

NOBGY's Days Payable is not ranked *
in the Conglomerates industry.
Industry Median: 55.855
* Ranked among companies with meaningful Days Payable only.

Noble Group's Days Payable declined from Sep. 2017 (62.18) to Sep. 2018 (33.32). It may suggest that Noble Group accelerated paying its suppliers.

Noble Group Days Payable Historical Data

* Premium members only.

The historical data trend for Noble Group'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.

Noble Group Days Payable Chart

Noble Group Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.12 25.35 28.50 139.55 59.11

Noble Group Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 62.18 16.07 30.22 40.49 33.32

NOBGY vs SGOC, HHHH: Days Payable Comparison

For the Conglomerates subindustry, Noble Group'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.

Noble Group Days Payable vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Noble Group's Days Payable distribution charts can be found below:

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


Noble Group 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.

Noble Group's Days Payable for the fiscal year that ended in Dec. 2017 is calculated as

Days Payable (A: Dec. 2017 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2016 ) + Accounts Payable (A: Dec. 2017 )) / count ) / Cost of Goods Sold (A: Dec. 2017 )*Days in Period
=( (2504.43 + 371.898) / 2 ) / 8879.817*365
=1438.164 / 8879.817*365
=59.11

Noble Group's Days Payable for the quarter that ended in Sep. 2018 is calculated as:

Days Payable (Q: Sep. 2018 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2018 ) + Accounts Payable (Q: Sep. 2018 )) / count ) / Cost of Goods Sold (Q: Sep. 2018 )*Days in Period
=( (466.843 + 380.969) / 2 ) / 1160.755*365 / 4
=423.906 / 1160.755*365 / 4
=33.32

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 33.32 mean?
Noble Group (NOBGY) has a Days Payable of 33.32 as of Sep. 2018. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Noble Group and its competitors.
Is Noble Group's Days Payable too high?
Noble Group's current Days Payable is 33.32. The Conglomerates industry median Days Payable is 55.86. Noble Group's value of 33.32 is 40.3% below this industry median.
How does Noble Group's Days Payable compare to SGOC and HHHH?
Noble Group's Days Payable of 33.32 can be compared against companies in the Conglomerates industry. The industry median Days Payable is 55.86. Noble Group's value of 33.32 is 40.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Conglomerates company?
The median Days Payable among Conglomerates companies is 55.86, based on 506 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Noble Group's current Days Payable of 33.32 is 40.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Noble Group and its competitors. For the Conglomerates industry, the median Days Payable is 55.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noble Group's current Days Payable is 33.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noble Group stock overvalued right now?
Noble Group (NOBGY) has a current Days Payable of 33.32. The current Days Payable is 33.32 and 40.3% below the Conglomerates industry median of 55.86. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Noble Group (NOBGY), the current Days Payable is 33.32 as of Sep. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Noble Group Business Description

Address 60 Anson Road, No. 19-01, Mapletree Anson, Singapore, SGP, Singapore
Noble Group Ltd operates and manages supply chain focused on purchasing physical commodities and transforming these into customized products. The business consist of logistics and transportation, price risk management and hedging, commodity processing and blending, as well as structured and trade finance products. The company has two segments - namely, the Energy Segment, with combines the former Energy and Gas & Power segments and includes the Oil Liquids, Gas & Power and Energy Coal businesses; and the Metals, Minerals and Ores Segment, which combines the former Metals & Mining and Corporate segments and includes the Metals, Carbon Steel Materials and Logistics businesses.