Noranda Aluminum Holding (Noranda Aluminum Holding) Days Payable : 33.94 (As of Dec. 2015)

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What is Noranda Aluminum Holding Days Payable?

Noranda Aluminum Holding's average Accounts Payable for the three months ended in Dec. 2015 was $101 Mil. Noranda Aluminum Holding's Cost of Goods Sold for the three months ended in Dec. 2015 was $273 Mil. Hence, Noranda Aluminum Holding's Days Payable for the three months ended in Dec. 2015 was 33.94.

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

NORNQ's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 135.555
* Ranked among companies with meaningful Days Payable only.

Noranda Aluminum Holding's Days Payable declined from Dec. 2014 (38.89) to Dec. 2015 (33.94). It may suggest that Noranda Aluminum Holding accelerated paying its suppliers.

Noranda Aluminum Holding Days Payable Historical Data

The historical data trend for Noranda Aluminum Holding'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.

* Premium members only.

Noranda Aluminum Holding Days Payable Chart

Noranda Aluminum Holding Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Days Payable

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26.01

29.01

28.18

30.63

30.45

Noranda Aluminum Holding Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
Days Payable	Get a 7-Day Free Trial															38.89	34.83	34.14	33.17	33.94

Competitive Comparison of Noranda Aluminum Holding's Days Payable

For the Aluminum subindustry, Noranda Aluminum Holding'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.

Noranda Aluminum Holding's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Noranda Aluminum Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Noranda Aluminum Holding's Days Payable falls into.

Noranda Aluminum Holding 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.

Noranda Aluminum Holding's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

	Days Payable (A: Dec. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2014 )	+	Accounts Payable (A: Dec. 2015 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2015 )	*	Days in Period
=	( (122.6	+	85)	/	2 )	/	1244.1	*	365
=	103.8					/	1244.1	*	365
=	30.45

Noranda Aluminum Holding's Days Payable for the quarter that ended in Dec. 2015 is calculated as:

	Days Payable (Q: Dec. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2015 )	+	Accounts Payable (Q: Dec. 2015 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2015 )	*	Days in Period
=	( (117.8	+	85)	/	2 )	/	272.6	*	365 / 4
=	101.4					/	272.6	*	365 / 4
=	33.94

Noranda Aluminum Holding Days Payable Related Terms

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Noranda Aluminum Holding (Noranda Aluminum Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Noranda Aluminum Holding Corp (OTCPK:NORNQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

801 Crescent Centre Drive, Suite 600, Franklin, TN, USA, 37067

Website

http://www.norandaaluminum.com

Noranda Aluminum Holding Corporation is an integrated producer of value-added primary aluminum products and rolled aluminum coils. The company's downstream business is one of the largest aluminum foil producers in North America. Its upstream business is a large producer of primary aluminum in the U.S.

Executives

Richard B Evans	director	C/O BOATWATER INC, 55 EAST CAMPERDOWN WAY, GREENVILLE SC 29601
Ronald S Rolfe	director	825 8TH AVENUE, 38TH FLOOR, NEW YORK NY 10019
Carl J Rickertsen	director	MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Alan H Schumacher	director	C/O QUALITY DISTRIBUTION, INC., 4041 PARK OAKS BOULEVARD, SUITE 200, TAMPA FL 33610
Gail E Lehman	officer: Gen Counsel/Sec/Chief Adm Off	801 CRESCENT CENTRE DRIVE, SUITE 600, FRANKLIN TN 37067
Thomas R Miklich	director	C/O OM GROUP INC 50 PACIFIC SQUARE #3500 CLEVELAND OH 44113
Dale W Boyles	officer: Chief Financial Officer	1000 EAST HANES MILL ROAD, WINSTON-SALEM NC 27105
Pasquale Fiore	director	201 ISABELLA STREET, SUITE 500, PITTSBURGH PA 15212
Apollo Principal Holdings I Gp, Llc	10 percent owner	TWO MANHATTANVILLE ROAD, SUITE 203, PURCHASE NY 10577
Apollo Investment Fund Vi L P	10 percent owner	2 MANHATTAVILLE RD, PURCHASE NY 10577
Apollo International Management Gp, Llc	10 percent owner	9 WEST 57TH STREET, NEW YORK NY 10019
Apollo International Management, L.p.	10 percent owner	9 WEST 57TH STREET, NEW YORK NY 10019
Apollo Management Vi, L.p.	10 percent owner	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Aif Vi Management, Llc	10 percent owner	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Apollo Management Gp, Llc	10 percent owner	TWO MANHATTANVILLE ROAD, SUITE 203, PURCHASE NY 10577

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