Norwegian Air Shuttle ASA (OSL:NAS) Days Payable : 14.05 (As of Mar. 2024)

View and export this data going back to 2003. Start your Free Trial

What is Norwegian Air Shuttle ASA Days Payable?

Norwegian Air Shuttle ASA's average Accounts Payable for the three months ended in Mar. 2024 was kr906 Mil. Norwegian Air Shuttle ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr5,885 Mil. Hence, Norwegian Air Shuttle ASA's Days Payable for the three months ended in Mar. 2024 was 14.05.

The historical rank and industry rank for Norwegian Air Shuttle ASA's Days Payable or its related term are showing as below:

OSL:NAS' s Days Payable Range Over the Past 10 Years
Min: 9.15 Med: 16.11 Max: 115.31
Current: 12.07

During the past 13 years, Norwegian Air Shuttle ASA's highest Days Payable was 115.31. The lowest was 9.15. And the median was 16.11.

OSL:NAS's Days Payable is ranked worse than
91.12% of 935 companies
in the Transportation industry
Industry Median: 38.78 vs OSL:NAS: 12.07

Norwegian Air Shuttle ASA's Days Payable increased from Mar. 2023 (11.31) to Mar. 2024 (14.05). It may suggest that Norwegian Air Shuttle ASA delayed paying its suppliers.

Norwegian Air Shuttle ASA Days Payable Historical Data

The historical data trend for Norwegian Air Shuttle ASA'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.

Norwegian Air Shuttle ASA Days Payable Chart

Norwegian Air Shuttle ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

25.99

89.13

115.31

9.15

13.04

Norwegian Air Shuttle ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															11.31	-	-	19.42	14.05

Competitive Comparison of Norwegian Air Shuttle ASA's Days Payable

For the Airlines subindustry, Norwegian Air Shuttle ASA'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.

Norwegian Air Shuttle ASA's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Norwegian Air Shuttle ASA's Days Payable distribution charts can be found below:

* The bar in red indicates where Norwegian Air Shuttle ASA's Days Payable falls into.

Norwegian Air Shuttle ASA 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.

Norwegian Air Shuttle ASA'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
=	( (529.8	+	906.1)	/	2 )	/	20102.5	*	365
=	717.95					/	20102.5	*	365
=	13.04

Norwegian Air Shuttle ASA'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
=	( (906.1	+	0)	/	1 )	/	5885.2	*	365 / 4
=	906.1					/	5885.2	*	365 / 4
=	14.05

Norwegian Air Shuttle ASA Days Payable Related Terms

Thank you for viewing the detailed overview of Norwegian Air Shuttle ASA's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Norwegian Air Shuttle ASA (OSL:NAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Norwegian Air Shuttle ASA (OSL:NAS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NWARF:USA NASo:Sweden NASo:UK 0FGH:UK NWC:Germany

Address

Oksenoyveien 3, Fornebu, P.O. Box 113, Lysaker, NOR, NO-1366

Website

https://www.norwegian.com

Norwegian Air Shuttle ASA operates a short-haul network across the Nordics and to key European destinations. The group provides its customers with excellent quality at affordable fares with a network of more than 300 routes. The group has one operating segment, which is low-cost air passenger travel. Norwegian believes in affordable fares for all and offers quality flights at a low fare based on operational excellence and helpful, friendly service.

Norwegian Air Shuttle ASA (OSL:NAS) Headlines

No Headlines