Nordic Lights Group (OHEL:NORDLIG) Days Payable : 71.33 (As of Jun. 2023)

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What is Nordic Lights Group Days Payable?

Nordic Lights Group's average Accounts Payable for the three months ended in Jun. 2023 was €9.51 Mil. Nordic Lights Group's Cost of Goods Sold for the three months ended in Jun. 2023 was €12.16 Mil. Hence, Nordic Lights Group's Days Payable for the three months ended in Jun. 2023 was 71.33.

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

OHEL:NORDLIG' s Days Payable Range Over the Past 10 Years
Min: 67.42 Med: 81.38 Max: 311.75
Current: 311.75

During the past 4 years, Nordic Lights Group's highest Days Payable was 311.75. The lowest was 67.42. And the median was 81.38.

OHEL:NORDLIG's Days Payable is not ranked
in the Industrial Products industry.
Industry Median: 76.585 vs OHEL:NORDLIG: 311.75

Nordic Lights Group's Days Payable increased from Dec. 2021 (0.00) to Jun. 2023 (71.33). It may suggest that Nordic Lights Group delayed paying its suppliers.

Nordic Lights Group Days Payable Historical Data

The historical data trend for Nordic Lights Group'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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Nordic Lights Group Days Payable Chart

Nordic Lights Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Payable

67.42

85.49

80.57

82.18

Nordic Lights Group Quarterly Data
	Dec19	Dec20	Mar21	Dec21	Mar22	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial			-	77.25	77.95	-	71.33

Competitive Comparison of Nordic Lights Group's Days Payable

For the Electrical Equipment & Parts subindustry, Nordic Lights Group'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.

Nordic Lights Group's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Nordic Lights Group's Days Payable falls into.

Nordic Lights Group 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.

Nordic Lights Group's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (10.822	+	9.506)	/	2 )	/	45.142	*	365
=	10.164					/	45.142	*	365
=	82.18

Nordic Lights Group's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (9.506	+	0)	/	1 )	/	12.16	*	365 / 4
=	9.506					/	12.16	*	365 / 4
=	71.33

Nordic Lights Group Days Payable Related Terms

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Nordic Lights Group (OHEL:NORDLIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nordic Lights Group Corp (OHEL:NORDLIG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bennasvagen/Pannaistentie 155, PO Box 36, Jakobstad, FIN, 68601

Website

https://www.nordiclights.com

Nordic Lights Group Corp is a premium provider of lighting solutions for heavy-duty equipment. Nordic Lights focus on providing solutions to five main end-user segments: mining, construction, forestry, agriculture, and material handling. The company derives a majority of its revenue from Europe, the Middle East, and Africa (EMEA).

Nordic Lights Group (OHEL:NORDLIG) Headlines

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