NVL (Novelis) Days Payable: 80.92 (As of Mar. 2024)


What is Novelis Days Payable?

Novelis NVL Days Payable is 80.92 as of Mar. 2024.

Novelis's average Accounts Payable for the three months ended in Mar. 2024 was $3,161.50 Mil. Novelis's Cost of Goods Sold for the three months ended in Mar. 2024 was $3,565.00 Mil. Hence, Novelis's Days Payable for the three months ended in Mar. 2024 was 80.92.

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

NVL's Days Payable is not ranked *
in the Metals & Mining industry.
Industry Median: 127.26
* Ranked among companies with meaningful Days Payable only.

Novelis's Days Payable increased from Mar. 2023 (60.27) to Mar. 2024 (80.92). It may suggest that Novelis delayed paying its suppliers.

Novelis Days Payable Historical Data

* Premium members only.

The historical data trend for Novelis'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.

Novelis Days Payable Chart

Novelis Annual Data
Trend Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar23 Mar24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.90 57.59 60.98 57.73 85.11

Novelis Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Mar23 Jun23 Sep23 Dec23 Mar24
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 60.27 85.91 84.56 83.17 80.92

NVL vs : Days Payable Comparison

For the Aluminum subindustry, Novelis'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.

Novelis Days Payable vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Novelis's Days Payable distribution charts can be found below:

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


Novelis 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.

Novelis's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

Days Payable (A: Mar. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2023 ) + Accounts Payable (A: Mar. 2024 )) / count ) / Cost of Goods Sold (A: Mar. 2024 )*Days in Period
=( (3377 + 3272) / 2 ) / 14258*365
=3324.5 / 14258*365
=85.11

Novelis's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

Days Payable (Q: Mar. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2023 ) + Accounts Payable (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (3051 + 3272) / 2 ) / 3565*365 / 4
=3161.5 / 3565*365 / 4
=80.92

* 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 80.92 mean?
Novelis (NVL) has a Days Payable of 80.92 as of Mar. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Novelis and its competitors.
Is Novelis' Days Payable too high?
Novelis' current Days Payable is 80.92. The Metals & Mining industry median Days Payable is 127.26. Novelis' value of 80.92 is 36.4% below this industry median.
How does Novelis' Days Payable compare to ?
Novelis' Days Payable of 80.92 can be compared against companies in the Metals & Mining industry. The industry median Days Payable is 127.26. Novelis' value of 80.92 is 36.4% 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 Metals & Mining company?
The median Days Payable among Metals & Mining companies is 127.26, based on 1,065 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. Novelis's current Days Payable of 80.92 is 36.4% 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 Novelis and its competitors. For the Metals & Mining industry, the median Days Payable is 127.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novelis's current Days Payable is 80.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novelis stock overvalued right now?
Novelis (NVL) has a current Days Payable of 80.92. The current Days Payable is 80.92 and 36.4% below the Metals & Mining industry median of 127.26. 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 Novelis (NVL), the current Days Payable is 80.92 as of Mar. 2024. 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.

Novelis Business Description

Comparable Companies
Address 3560 Lenox Road, Suite 2000, Atlanta, GA, USA, 30326
Novelis Inc is aluminum rolled product producer, with operations on four continents. It acquires and recycles aluminum and processes it into semifinished coils in various tempers, gauges, and widths. Company has four geographical segment North America, Europe, Asia, and South America. Each segment manufactures aluminum sheet and light gauge products and recycles aluminum, while Asia and Europe segments also produce aerospace and industries.