Notore Chemical Industries (NSA:NOTORE) Days Payable : 268.87 (As of Dec. 2023)

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What is Notore Chemical Industries Days Payable?

Notore Chemical Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₦45,206 Mil. Notore Chemical Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₦15,342 Mil. Hence, Notore Chemical Industries's Days Payable for the three months ended in Dec. 2023 was 268.87.

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

NSA:NOTORE' s Days Payable Range Over the Past 10 Years
Min: 71.65 Med: 106.34 Max: 373.99
Current: 373.99

During the past 7 years, Notore Chemical Industries's highest Days Payable was 373.99. The lowest was 71.65. And the median was 106.34.

NSA:NOTORE's Days Payable is ranked better than
95.34% of 236 companies
in the Agriculture industry
Industry Median: 75.02 vs NSA:NOTORE: 373.99

Notore Chemical Industries's Days Payable declined from Dec. 2022 (444.90) to Dec. 2023 (268.87). It may suggest that Notore Chemical Industries accelerated paying its suppliers.

Notore Chemical Industries Days Payable Historical Data

The historical data trend for Notore Chemical Industries'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.

* Premium members only.

Notore Chemical Industries Days Payable Chart

Notore Chemical Industries Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Dec21

Dec22

Dec23

Days Payable

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109.67

103.01

126.29

192.52

Notore Chemical Industries Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															444.90	193.94	478.57	831.39	268.87

Competitive Comparison of Notore Chemical Industries's Days Payable

For the Agricultural Inputs subindustry, Notore Chemical Industries'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.

Notore Chemical Industries's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Notore Chemical Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Notore Chemical Industries's Days Payable falls into.

Notore Chemical Industries 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.

Notore Chemical Industries'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
=	( (9505.856	+	25983.904)	/	2 )	/	33642.177	*	365
=	17744.88					/	33642.177	*	365
=	192.52

Notore Chemical Industries'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
=	( (64427.285	+	25983.904)	/	2 )	/	15341.907	*	365 / 4
=	45205.5945					/	15341.907	*	365 / 4
=	268.87

Notore Chemical Industries Days Payable Related Terms

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Notore Chemical Industries (NSA:NOTORE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Notore Chemical Industries PLC (NSA:NOTORE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Notore Industrial Complex, Onne, Rivers State, NGA

Website

https://www.notore.com

Notore Chemical Industries PLC is a Nigerian company that manufactures chemical products. The company manufactures, treats, processes, produces, supplies and deals in nitrogenous fertilizers and all substances suited to improving the fertility of soil and water. It generates maximum revenue from Urea and other chemicals. The company offers products including NPK, Ammonia and Urea, and other chemicals. Geographically, it derives a majority of revenue from Nigeria.

Notore Chemical Industries (NSA:NOTORE) Headlines

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