Norva24 Group AB (OSTO:NORVA) Days Payable : 124.83 (As of Dec. 2024)

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What is Norva24 Group AB Days Payable?

Norva24 Group AB's average Accounts Payable for the three months ended in Dec. 2024 was kr180 Mil. Norva24 Group AB's Cost of Goods Sold for the three months ended in Dec. 2024 was kr132 Mil. Hence, Norva24 Group AB's Days Payable for the three months ended in Dec. 2024 was 124.83.

The historical rank and industry rank for Norva24 Group AB's Days Payable or its related term are showing as below:

OSTO:NORVA' s Days Payable Range Over the Past 10 Years
Min: 121.17 Med: 136.31 Max: 169.39
Current: 134.61

During the past 7 years, Norva24 Group AB's highest Days Payable was 169.39. The lowest was 121.17. And the median was 136.31.

OSTO:NORVA's Days Payable is ranked better than
65.96% of 235 companies
in the Waste Management industry
Industry Median: 70.98 vs OSTO:NORVA: 134.61

Norva24 Group AB's Days Payable declined from Dec. 2023 (141.41) to Dec. 2024 (124.83). It may suggest that Norva24 Group AB accelerated paying its suppliers.

Norva24 Group AB Days Payable Historical Data

The historical data trend for Norva24 Group AB'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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Norva24 Group AB Days Payable Chart

Norva24 Group AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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169.39

143.35

128.43

124.70

121.17

Norva24 Group AB Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial														141.41	138.48	143.08	146.27	124.83

Competitive Comparison of Norva24 Group AB's Days Payable

For the Waste Management subindustry, Norva24 Group AB'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.

Norva24 Group AB's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Norva24 Group AB's Days Payable distribution charts can be found below:

* The bar in red indicates where Norva24 Group AB's Days Payable falls into.

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Norva24 Group AB 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.

Norva24 Group AB's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (153.143	+	167.51)	/	2 )	/	482.951	*	365
=	160.3265					/	482.951	*	365
=	121.17

Norva24 Group AB's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (192.493	+	167.51)	/	2 )	/	131.581	*	365 / 4
=	180.0015					/	131.581	*	365 / 4
=	124.83

Norva24 Group AB Days Payable Related Terms

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Norva24 Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Norva24 Group AB (OSTO:NORVA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

WG0:Germany

Address

Grandevegen 13, Stryn, NOR, 6783

Website

https://www.norva24.com

Norva24 Group AB is an underground infrastructure maintenance specialist. The company's service offering includes mission-critical and non-discretionary maintenance services for underground infrastructure, such as pressure washing, emptying services, and pipe services. The geographical segments of the company include Norway; Germany; Sweden and Denmark. The company derives a majority of its revenue from Germany.

Norva24 Group AB Headlines

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