NVGT (Novagant) Days Payable: 32.59 (As of Dec. 2023)


What is Novagant Days Payable?

Novagant NVGT Days Payable is 32.59 as of Dec. 2023.

Novagant's average Accounts Payable for the three months ended in Dec. 2023 was $0.00 Mil. Novagant's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.01 Mil. Hence, Novagant's Days Payable for the three months ended in Dec. 2023 was 32.59.

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

NVGT's Days Payable is not ranked *
in the Transportation industry.
Industry Median: 38.985
* Ranked among companies with meaningful Days Payable only.

Novagant's Days Payable declined from Dec. 2022 (60.83) to Dec. 2023 (32.59). It may suggest that Novagant accelerated paying its suppliers.

Novagant Days Payable Historical Data

* Premium members only.

The historical data trend for Novagant'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.

Novagant Days Payable Chart

Novagant Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Mar21 Mar22 Mar23
Days Payable
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 28.08 12.01 7.77

Novagant Quarterly Data
Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 60.83 45.63 60.83 30.42 32.59

NVGT vs UPS, FDX, JBHT: Days Payable Comparison

For the Integrated Freight & Logistics subindustry, Novagant'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.

Novagant Days Payable vs Transportation Industry

For the Transportation industry and Industrials sector, Novagant's Days Payable distribution charts can be found below:

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


Novagant 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.

Novagant's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

Days Payable (A: Mar. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2022 ) + Accounts Payable (A: Mar. 2023 )) / count ) / Cost of Goods Sold (A: Mar. 2023 )*Days in Period
=( (0.001 + 0.003) / 2 ) / 0.094*365
=0.002 / 0.094*365
=7.77

Novagant'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
=( (0.003 + 0.002) / 2 ) / 0.007*365 / 4
=0.0025 / 0.007*365 / 4
=32.59

* 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 32.59 mean?
Novagant (NVGT) has a Days Payable of 32.59 as of Dec. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Novagant and its competitors.
Is Novagant's Days Payable too high?
Novagant's current Days Payable is 32.59. The Transportation industry median Days Payable is 38.99. Novagant's value of 32.59 is 16.4% below this industry median.
How does Novagant's Days Payable compare to UPS and FDX?
Novagant's Days Payable of 32.59 can be compared against companies in the Transportation industry. The industry median Days Payable is 38.99. Novagant's value of 32.59 is 16.4% 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 a Transportation company?
The median Days Payable among Transportation companies is 38.99, based on 964 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. Novagant's current Days Payable of 32.59 is 16.4% 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 Novagant and its competitors. For the Transportation industry, the median Days Payable is 38.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novagant's current Days Payable is 32.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novagant stock overvalued right now?
Novagant (NVGT) has a current Days Payable of 32.59. The current Days Payable is 32.59 and 16.4% below the Transportation industry median of 38.99. 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 Novagant (NVGT), the current Days Payable is 32.59 as of Dec. 2023. 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.

Novagant Business Description

Address Landmark East, 100 How Ming Street, Suite 2006, AIA Kowloon Tower, KT, Hong Kong, HKG, 19801
Novagant Corp through its subsidiary is a logistics service provider in Hong Kong. The company particularly specialized in Fast Moving Consumer Goods (FMCG) and Health Care Products. It generates revenue from the Air/ocean freight services income.