NORSF (Norsk Titanium AS) Days Payable : 63.33 (As of Jun. 2024)

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What is Norsk Titanium AS Days Payable?

Norsk Titanium AS's average Accounts Payable for the six months ended in Jun. 2024 was $1.16 Mil. Norsk Titanium AS's Cost of Goods Sold for the six months ended in Jun. 2024 was $3.34 Mil. Hence, Norsk Titanium AS's Days Payable for the six months ended in Jun. 2024 was 63.33.

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

NORSF' s Days Payable Range Over the Past 10 Years
Min: 66.09 Med: 119.48 Max: 242.64
Current: 66.63

During the past 6 years, Norsk Titanium AS's highest Days Payable was 242.64. The lowest was 66.09. And the median was 119.48.

NORSF's Days Payable is ranked worse than
53.33% of 300 companies
in the Aerospace & Defense industry
Industry Median: 71.79 vs NORSF: 66.63

Norsk Titanium AS's Days Payable declined from Jun. 2023 (66.44) to Jun. 2024 (63.33). It may suggest that Norsk Titanium AS accelerated paying its suppliers.

Norsk Titanium AS Days Payable Historical Data

The historical data trend for Norsk Titanium AS'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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Norsk Titanium AS Days Payable Chart

Norsk Titanium AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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249.05

137.66

99.87

85.57

67.85

Norsk Titanium AS Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial						89.34	90.61	66.44	70.60	63.33

Competitive Comparison of Norsk Titanium AS's Days Payable

For the Aerospace & Defense subindustry, Norsk Titanium AS'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.

Norsk Titanium AS's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Norsk Titanium AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Norsk Titanium AS's Days Payable falls into.

Norsk Titanium AS 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.

Norsk Titanium AS'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
=	( (0.772	+	1.116)	/	2 )	/	5.078	*	365
=	0.944					/	5.078	*	365
=	67.85

Norsk Titanium AS's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (1.116	+	1.202)	/	2 )	/	3.34	*	365 / 2
=	1.159					/	3.34	*	365 / 2
=	63.33

Norsk Titanium AS Days Payable Related Terms

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Norsk Titanium AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Norsk Titanium AS (OTCPK:NORSF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NTI:Norway 84F:Germany

Address

Flyplassveien 20, Honefoss, NOR, 3514

Website

https://www.norsktitanium.com

Norsk Titanium AS is in metal 3D printing. The company uses its proprietary Rapid Plasma Deposition (RPD) technology for cost-efficient 3D printing of metal alloys. This technology enables the production of value-added parts that are suitable for a large market. The company's focus is on high-end structural applications that require the use of 3D-printed titanium parts, which offer substantial benefits compared to traditional materials and production methods. The company caters to high-complexity markets such as commercial aerospace and defense, which allows them to deliver value propositions and position itself for expansion into other markets. Geographically the company generates revenue from Norway, Europe, and the USA with the majority being generated from Norway.

Norsk Titanium AS Headlines

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