NOV (NOV) Days Payable : 43.56 (As of Sep. 2024)

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What is NOV Days Payable?

NOV's average Accounts Payable for the three months ended in Sep. 2024 was $822 Mil. NOV's Cost of Goods Sold for the three months ended in Sep. 2024 was $1,722 Mil. Hence, NOV's Days Payable for the three months ended in Sep. 2024 was 43.56.

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

NOV' s Days Payable Range Over the Past 10 Years
Min: 25.74 Med: 33.22 Max: 48.94
Current: 45.51

During the past 13 years, NOV's highest Days Payable was 48.94. The lowest was 25.74. And the median was 33.22.

NOV's Days Payable is ranked worse than
61.7% of 880 companies
in the Oil & Gas industry
Industry Median: 60.01 vs NOV: 45.51

NOV's Days Payable declined from Sep. 2023 (51.34) to Sep. 2024 (43.56). It may suggest that NOV accelerated paying its suppliers.

NOV Days Payable Historical Data

The historical data trend for NOV'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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NOV Days Payable Chart

NOV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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34.35

38.85

42.30

46.93

48.94

NOV 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															51.34	45.20	46.43	45.79	43.56

Competitive Comparison of NOV's Days Payable

For the Oil & Gas Equipment & Services subindustry, NOV'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.

NOV's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, NOV's Days Payable distribution charts can be found below:

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

NOV 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.

NOV'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
=	( (906	+	904)	/	2 )	/	6750	*	365
=	905					/	6750	*	365
=	48.94

NOV'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
=	( (809	+	835)	/	2 )	/	1722	*	365 / 4
=	822					/	1722	*	365 / 4
=	43.56

NOV Days Payable Related Terms

Thank you for viewing the detailed overview of NOV's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

NOV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NOV Inc (NYSE:NOV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0K58:UK NO8:Germany N1OV34:Brazil

Address

10353 Richmond Avenue, Houston, TX, USA, 77042-4103

Website

https://www.nov.com

NOV (formerly National Oilwell Varco) is a leading supplier of oil and gas drilling rig equipment and products, such as downhole tools, drill pipe, and well casing. The company operates on a global scale, with international markets contributing nearly two thirds of its annual revenue.

Executives

David D Harrison	director	5500 WAYZATA BLVD., SUITE 800, GOLDEN VALLEY MN 55416
Christy Lynn Novak	officer: VP, Corp. Controller, CAO	C/O NOV INC., 7909 PARKWOOD CIRCLE DR., HOUSTON TX 77036
Joseph W Rovig	officer: See Remarks	7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036-6565
Craig L. Weinstock	officer: Sr. VP. & Gen. Counsel	7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036-6565
Eric L Mattson	director	C/O REX ENERGY CORP, 366 WALKER DRIVE, STATE COLLEGE PA 16801
Kirk M. Shelton	officer: Pres. - Compl. and Prod. Sol.	C/O NOV INC., 7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036
Isaac H. Joseph	officer: See Remarks	C/O NOV INC., 7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036
Greg L Armstrong	director
Robert S. Welborn	director	C/O NOV INC., 7909 PARKWOOD CIRCLE DR., HOUSTON TX 77036
Scott K. Duff	officer: VP Cntrlr Chf Acctg Offcr	7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036-6565
Jose A Bayardo	officer: Senior VP and CFO	11700 OLD KATY ROAD SUITE 300, HOUSTON TX 77079
Clay C Williams	director, officer: Chairman, President and CEO
Melody B Meyer	director	1 NORTH WAUKEGAN ROAD, NORTH CHICAGO IL 60064
James T Hackett	director	C/O FLUOR CORPORATION, 6700 LAS COLINAS BLVD, IRVING TX 75039
Marcela E Donadio	director	7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036-6565