Nordex SE (Nordex SE) Days Payable : 89.41 (As of Dec. 2023)

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What is Nordex SE Days Payable?

Nordex SE's average Accounts Payable for the three months ended in Dec. 2023 was $1,749 Mil. Nordex SE's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,785 Mil. Hence, Nordex SE's Days Payable for the three months ended in Dec. 2023 was 89.41.

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

NRDXF' s Days Payable Range Over the Past 10 Years
Min: 41.67 Med: 86.78 Max: 106.87
Current: 96.99

During the past 13 years, Nordex SE's highest Days Payable was 106.87. The lowest was 41.67. And the median was 86.78.

NRDXF's Days Payable is ranked better than
61.82% of 2928 companies
in the Industrial Products industry
Industry Median: 76.275 vs NRDXF: 96.99

Nordex SE's Days Payable increased from Dec. 2022 (72.14) to Dec. 2023 (89.41). It may suggest that Nordex SE delayed paying its suppliers.

Nordex SE Days Payable Historical Data

The historical data trend for Nordex SE'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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Nordex SE Days Payable Chart

Nordex SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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107.74

88.07

87.44

91.84

104.28

Nordex SE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															72.14	114.57	85.70	92.79	89.41

Competitive Comparison of Nordex SE's Days Payable

For the Specialty Industrial Machinery subindustry, Nordex SE'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.

Nordex SE's Days Payable Distribution in the Industrial Products Industry

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

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

Nordex SE 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.

Nordex SE'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
=	( (1609.395	+	1820.363)	/	2 )	/	6002.423	*	365
=	1714.879					/	6002.423	*	365
=	104.28

Nordex SE's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1678.462	+	1820.363)	/	2 )	/	1785.448	*	365 / 4
=	1749.4125					/	1785.448	*	365 / 4
=	89.41

Nordex SE Days Payable Related Terms

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Nordex SE (Nordex SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nordex SE (OTCPK:NRDXF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NRXXY:USA 1NDX:Italy NDX1d:UK 0MEC:UK NDX1:Germany NDX1:Austria

Address

Langenhorner Chaussee 600, Hamburg, DEU, 22419

Website

https://www.nordex-online.com

Nordex SE is a German company that develops, manufactures, services, and markets wind power systems. The company manages its activities via Projects and Service segments. The projects segment includes all activities associated with the development, production, assembly and commissioning of wind turbines and project development business. The services segment encompasses services and projects for existing turbines after their handover to customers. In particular, this includes technical services such as maintenance and remote monitoring of wind farms as well as repair and technical enhancements for existing turbines. The majority of the sales are done through the projects segment.