Norske Skog ASA (OSL:NSKOG) Days Payable : 71.13 (As of Dec. 2023)

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What is Norske Skog ASA Days Payable?

Norske Skog ASA's average Accounts Payable for the three months ended in Dec. 2023 was kr1,420 Mil. Norske Skog ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was kr1,821 Mil. Hence, Norske Skog ASA's Days Payable for the three months ended in Dec. 2023 was 71.13.

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

OSL:NSKOG' s Days Payable Range Over the Past 10 Years
Min: 42.24 Med: 58.43 Max: 101.05
Current: 86.55

During the past 13 years, Norske Skog ASA's highest Days Payable was 101.05. The lowest was 42.24. And the median was 58.43.

OSL:NSKOG's Days Payable is ranked better than
76.07% of 280 companies
in the Forest Products industry
Industry Median: 57.37 vs OSL:NSKOG: 86.55

Norske Skog ASA's Days Payable declined from Dec. 2022 (81.39) to Dec. 2023 (71.13). It may suggest that Norske Skog ASA accelerated paying its suppliers.

Norske Skog ASA Days Payable Historical Data

The historical data trend for Norske Skog 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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Norske Skog ASA Days Payable Chart

Norske Skog ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.30

62.46

57.12

42.24

48.23

Norske Skog ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															81.39	83.16	109.12	121.84	71.13

Competitive Comparison of Norske Skog ASA's Days Payable

For the Paper & Paper Products subindustry, Norske Skog 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.

Norske Skog ASA's Days Payable Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Norske Skog ASA's Days Payable distribution charts can be found below:

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

Norske Skog 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.

Norske Skog 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
=	( (819	+	1035)	/	2 )	/	7015	*	365
=	927					/	7015	*	365
=	48.23

Norske Skog 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1804	+	1035)	/	2 )	/	1821	*	365 / 4
=	1419.5					/	1821	*	365 / 4
=	71.13

Norske Skog ASA Days Payable Related Terms

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Norske Skog ASA (OSL:NSKOG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Norske Skog ASA (OSL:NSKOG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NSKOGo:Sweden

Address

Sjolyst plass 2, Oslo, NOR, 0278

Website

https://www.norskeskog.com

Norske Skog ASA is an industrial company in publication paper, packaging paper, energy production, and bioproducts. Publication paper products comprise both newsprint and magazine paper, both of which are marketed under the NOR brand. Packaging paper includes the recycled containerboard grades test liner and fluting, which are marketed under the STRATO brand. The company's core bioproducts are the nano cellulose product CEBINA and the bio-composite product CEBICO. Norske Skog owns and operates four industrial sites in Europe, and one industrial site in Australasia.

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