Nordic Paper Holding AB (OSTO:NPAPER) Days Payable : 74.19 (As of Mar. 2024)

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What is Nordic Paper Holding AB Days Payable?

Nordic Paper Holding AB's average Accounts Payable for the three months ended in Mar. 2024 was kr500 Mil. Nordic Paper Holding AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr615 Mil. Hence, Nordic Paper Holding AB's Days Payable for the three months ended in Mar. 2024 was 74.19.

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

OSTO:NPAPER' s Days Payable Range Over the Past 10 Years
Min: 71.06 Med: 73.07 Max: 84.93
Current: 72.86

During the past 7 years, Nordic Paper Holding AB's highest Days Payable was 84.93. The lowest was 71.06. And the median was 73.07.

OSTO:NPAPER's Days Payable is ranked better than
63.57% of 280 companies
in the Forest Products industry
Industry Median: 56.585 vs OSTO:NPAPER: 72.86

Nordic Paper Holding AB's Days Payable increased from Mar. 2023 (54.06) to Mar. 2024 (74.19). It may suggest that Nordic Paper Holding AB delayed paying its suppliers.

Nordic Paper Holding AB Days Payable Historical Data

The historical data trend for Nordic Paper Holding 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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Nordic Paper Holding AB Days Payable Chart

Nordic Paper Holding AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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71.06

71.39

75.94

71.24

84.93

Nordic Paper Holding AB Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															54.06	57.79	71.88	98.56	74.19

Competitive Comparison of Nordic Paper Holding AB's Days Payable

For the Paper & Paper Products subindustry, Nordic Paper Holding 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.

Nordic Paper Holding AB's Days Payable Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Nordic Paper Holding AB's Days Payable distribution charts can be found below:

* The bar in red indicates where Nordic Paper Holding AB's Days Payable falls into.

Nordic Paper Holding 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.

Nordic Paper Holding AB'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
=	( (419	+	569)	/	2 )	/	2123	*	365
=	494					/	2123	*	365
=	84.93

Nordic Paper Holding AB'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
=	( (569	+	431)	/	2 )	/	615	*	365 / 4
=	500					/	615	*	365 / 4
=	74.19

Nordic Paper Holding AB Days Payable Related Terms

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Nordic Paper Holding AB (OSTO:NPAPER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Nordic Paper Holding AB (OSTO:NPAPER) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0ABK:UK

Address

Tullhusgatan 1B, Karlstad, SWE, 652 09

Website

https://www.nordic-paper.com

Nordic Paper Holding AB is a paper company operating in two segments; Kraft paper is used in many end-use applications, such as in products aimed at consumers, including carrier bags and food packaging, in packaging for building materials, and in multiple other industrial applications, and Greaseproof paper is a group of paper types that are characterized by a resistance to oil or grease and is mainly used in the food sector but also have a number of industrial applications. The company offers effective and environmentally responsible products and solutions within the Kraft Paper and Natural Greaseproof segments.

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