NRKBF (NKT AS) Days Payable : 78.72 (As of Dec. 2024)

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What is NKT AS Days Payable?

NKT AS's average Accounts Payable for the three months ended in Dec. 2024 was $547 Mil. NKT AS's Cost of Goods Sold for the three months ended in Dec. 2024 was $634 Mil. Hence, NKT AS's Days Payable for the three months ended in Dec. 2024 was 78.72.

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

NRKBF' s Days Payable Range Over the Past 10 Years
Min: 73.97 Med: 110.97 Max: 124.8
Current: 74.48

During the past 13 years, NKT AS's highest Days Payable was 124.80. The lowest was 73.97. And the median was 110.97.

NRKBF's Days Payable is ranked worse than
51.11% of 2931 companies
in the Industrial Products industry
Industry Median: 76.03 vs NRKBF: 74.48

NKT AS's Days Payable increased from Dec. 2023 (70.23) to Dec. 2024 (78.72). It may suggest that NKT AS delayed paying its suppliers.

NKT AS Days Payable Historical Data

The historical data trend for NKT 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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NKT AS Days Payable Chart

NKT AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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105.12

95.67

92.65

73.64

75.23

NKT AS Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															70.23	74.20	74.36	72.48	78.72

Competitive Comparison of NKT AS's Days Payable

For the Electrical Equipment & Parts subindustry, NKT 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.

NKT AS's Days Payable Distribution in the Industrial Products Industry

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

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

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NKT 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.

NKT AS's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (396.947	+	559.162)	/	2 )	/	2319.372	*	365
=	478.0545					/	2319.372	*	365
=	75.23

NKT AS's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (533.851	+	559.162)	/	2 )	/	633.508	*	365 / 4
=	546.5065					/	633.508	*	365 / 4
=	78.72

NKT AS Days Payable Related Terms

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NKT AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NKT AS (OTCPK:NRKBF) » Definitions » Days Payable

Traded in Other Exchanges

NKTc:UK 0MGC:UK NKT:Denmark NKT:Germany

Address

Vibeholms Alle 20, Broendby, DNK, 2605

Website

https://www.nkt.com

NKT A/S is a Denmark-based provider of cable technology. The company, along with its subsidiaries, operates in the following segments; Solutions, Applications, and Service & Accessories. Maximum revenue is generated from the Solutions segment which caters to the high-voltage power cable market and is involved in the manufacturing and installation of high-voltage cables and products for onshore power transmission and distribution, power-from-shore, cable projects, offshore wind connections, and other projects. This segment also owns and operates a cable-laying vessel, NKT Victoria. Geographically, the company generates maximum revenue from Germany followed by the United States of America, the United Kingdom, Poland, Norway, Denmark, and other regions.