NKT A/S (OCSE:NKT) Days Payable : 74.11 (As of Mar. 2024)

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What is NKT A/S Days Payable?

NKT A/S's average Accounts Payable for the three months ended in Mar. 2024 was kr2,864 Mil. NKT A/S's Cost of Goods Sold for the three months ended in Mar. 2024 was kr3,527 Mil. Hence, NKT A/S's Days Payable for the three months ended in Mar. 2024 was 74.11.

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

OCSE:NKT' s Days Payable Range Over the Past 10 Years
Min: 76.05 Med: 110.97 Max: 124.8
Current: 77.34

During the past 13 years, NKT A/S's highest Days Payable was 124.80. The lowest was 76.05. And the median was 110.97.

OCSE:NKT's Days Payable is ranked better than
50.61% of 2936 companies
in the Industrial Products industry
Industry Median: 76.415 vs OCSE:NKT: 77.34

NKT A/S's Days Payable declined from Mar. 2023 (81.99) to Mar. 2024 (74.11). It may suggest that NKT A/S accelerated paying its suppliers.

NKT A/S Days Payable Historical Data

The historical data trend for NKT A/S'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 A/S Days Payable Chart

NKT A/S Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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116.95

110.22

92.54

89.68

76.05

NKT A/S Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															81.99	81.38	77.14	76.18	74.11

Competitive Comparison of NKT A/S's Days Payable

For the Electrical Equipment & Parts subindustry, NKT A/S'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 A/S's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where NKT A/S's Days Payable falls into.

NKT A/S 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 A/S'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
=	( (2611.269	+	2716.032)	/	2 )	/	12784.878	*	365
=	2663.6505					/	12784.878	*	365
=	76.05

NKT A/S'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
=	( (2716.032	+	3012.347)	/	2 )	/	3526.832	*	365 / 4
=	2864.1895					/	3526.832	*	365 / 4
=	74.11

NKT A/S Days Payable Related Terms

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NKT A/S (OCSE:NKT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NKT A/S (OCSE:NKT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NRKBF:USA NKTc:UK 0MGC:UK NKT:Germany

Address

Vibeholms Alle 20, Broendby, DNK, 2605

Website

https://www.nkt.com

NKT A/S is a Denmark-based holding company that acquires, owns, and manages industrial companies in three business areas: Solutions, Applications, and Service and Accessories. NKT provides cables for power infrastructure, including onshore and offshore power transmission system, and its solutions bring power to interconnections, hydro-electric, and nuclear power plants, including onshore and offshore wind farms, oil and gas platforms, and solar energy. NKT Photonics, a supplier of fiber lasers and photonic crystal fibers. Geographically, the company operates and derives its majority revenue from mainland Europe, but it's also expanding its business to the U.S., China, and the U.K.

NKT A/S (OCSE:NKT) Headlines

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