Nekkar ASA (OSL:NKR) Days Payable : 46.97 (As of Dec. 2023)

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What is Nekkar ASA Days Payable?

Nekkar ASA's average Accounts Payable for the six months ended in Dec. 2023 was kr50.3 Mil. Nekkar ASA's Cost of Goods Sold for the six months ended in Dec. 2023 was kr195.4 Mil. Hence, Nekkar ASA's Days Payable for the six months ended in Dec. 2023 was 46.97.

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

OSL:NKR' s Days Payable Range Over the Past 10 Years
Min: 29.86 Med: 54.66 Max: 784.98
Current: 58.52

During the past 13 years, Nekkar ASA's highest Days Payable was 784.98. The lowest was 29.86. And the median was 54.66.

OSL:NKR's Days Payable is ranked worse than
62.6% of 2936 companies
in the Industrial Products industry
Industry Median: 76.395 vs OSL:NKR: 58.52

Nekkar ASA's Days Payable declined from Dec. 2022 (67.07) to Dec. 2023 (46.97). It may suggest that Nekkar ASA accelerated paying its suppliers.

Nekkar ASA Days Payable Historical Data

The historical data trend for Nekkar 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.

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Nekkar ASA Days Payable Chart

Nekkar ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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29.86

35.53

34.92

58.10

61.81

Nekkar ASA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															28.54	52.50	67.07	74.58	46.97

Competitive Comparison of Nekkar ASA's Days Payable

For the Specialty Industrial Machinery subindustry, Nekkar 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.

Nekkar ASA's Days Payable Distribution in the Industrial Products Industry

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

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

Nekkar 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.

Nekkar 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
=	( (45.893	+	57.242)	/	2 )	/	304.493	*	365
=	51.5675					/	304.493	*	365
=	61.81

Nekkar ASA'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (43.311	+	57.242)	/	2 )	/	195.357	*	365 / 2
=	50.2765					/	195.357	*	365 / 2
=	46.97

Nekkar ASA Days Payable Related Terms

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Nekkar ASA (OSL:NKR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nekkar ASA (OSL:NKR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TTSO:Sweden 0TT:Germany

Address

Andoyfaret 15, Kristiansand, NOR, 4623

Website

https://www.nekkar.com

Nekkar ASA is a company based on an industrial philosophy utilizing smart design, digitalization, and electrification to achieve higher efficiency and more sustainable solutions for multiple industries. Its main activities are related to Shipyard Solutions, Digital Solutions, and others. The company generates maximum revenue from the Shipyard Solutions segment. Geographically, it derives a majority of revenue from South Asia and also has a presence in Europe; South East Asia; North East Asia; West Asia; America; Africa, and Australia.