NRBT (Novus Robotics) Days Payable: 23.23 (As of Mar. 2019)


NRBT Novus Robotics Inc NRBT
12 GF Score
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What is Novus Robotics Days Payable?

Novus Robotics NRBT 12 Days Payable is 23.23 as of Mar. 2019. GuruFocus rates NRBT with a GF Score™ of 12/100.

Novus Robotics's average Accounts Payable for the three months ended in Mar. 2019 was $0.12 Mil. Novus Robotics's Cost of Goods Sold for the three months ended in Mar. 2019 was $0.49 Mil. Hence, Novus Robotics's Days Payable for the three months ended in Mar. 2019 was 23.23.

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

NRBT's Days Payable is not ranked *
in the Industrial Products industry.
Industry Median: 78.05
* Ranked among companies with meaningful Days Payable only.

Novus Robotics's Days Payable declined from Mar. 2018 (122.68) to Mar. 2019 (23.23). It may suggest that Novus Robotics accelerated paying its suppliers.

Novus Robotics Days Payable Historical Data

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The historical data trend for Novus Robotics'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.

Novus Robotics Days Payable Chart

Novus Robotics Annual Data
Trend May09 May10 May11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 158.35 59.71 44.05

Novus Robotics Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 122.68 16.75 1,035.69 63.77 23.23

NRBT vs SEII: Days Payable Comparison

For the Specialty Industrial Machinery subindustry, Novus Robotics'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.

Novus Robotics Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Novus Robotics's Days Payable distribution charts can be found below:

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


NRBT
12GF Score
Novus Robotics Inc NRBT
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Novus Robotics 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.

Novus Robotics's Days Payable for the fiscal year that ended in Dec. 2018 is calculated as

Days Payable (A: Dec. 2018 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2017 ) + Accounts Payable (A: Dec. 2018 )) / count ) / Cost of Goods Sold (A: Dec. 2018 )*Days in Period
=( (0.349 + 0.098) / 2 ) / 1.852*365
=0.2235 / 1.852*365
=44.05

Novus Robotics's Days Payable for the quarter that ended in Mar. 2019 is calculated as:

Days Payable (Q: Mar. 2019 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2018 ) + Accounts Payable (Q: Mar. 2019 )) / count ) / Cost of Goods Sold (Q: Mar. 2019 )*Days in Period
=( (0.098 + 0.15) / 2 ) / 0.487*365 / 4
=0.124 / 0.487*365 / 4
=23.23

* 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 23.23 mean?
Novus Robotics (NRBT) has a Days Payable of 23.23 as of Mar. 2019. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Novus Robotics and its competitors.
Is Novus Robotics' Days Payable too high?
Novus Robotics' current Days Payable is 23.23. The Industrial Products industry median Days Payable is 78.05. Novus Robotics' value of 23.23 is 70.2% below this industry median. Overall, Novus Robotics has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Novus Robotics' Days Payable compare to SEII?
Novus Robotics' Days Payable of 23.23 can be compared against companies in the Industrial Products industry. The industry median Days Payable is 78.05. Novus Robotics' value of 23.23 is 70.2% 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.05, based on 2,987 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. Novus Robotics's current Days Payable of 23.23 is 70.2% 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 Novus Robotics and its competitors. For the Industrial Products industry, the median Days Payable is 78.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novus Robotics's current Days Payable is 23.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novus Robotics stock overvalued right now?
Novus Robotics (NRBT) has a current Days Payable of 23.23. The current Days Payable is 23.23 and 70.2% below the Industrial Products industry median of 78.05. Novus Robotics' overall GF Score™ is 12/100. 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 Novus Robotics (NRBT), the current Days Payable is 23.23 as of Mar. 2019. 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.

Novus Robotics Business Description

Address 7669 Kimbel Street, Mississauga, ON, CAN, L5S 1A7
Novus Robotics Inc is involved in engineering, designing, and manufacturing robotics and automation solutions for tube forming machines. It provides state of the art technology for the Automotive Industry in passenger seating and for Aluminum applications for automotive panels and bumpers. The company also makes precision components using its manufacturing systems, knowledge, and technology.
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