Noratis AG (STU:NUVA) Days Payable : 15.38 (As of Dec. 2023)

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What is Noratis AG Days Payable?

Noratis AG's average Accounts Payable for the six months ended in Dec. 2023 was €1.60 Mil. Noratis AG's Cost of Goods Sold for the six months ended in Dec. 2023 was €18.97 Mil. Hence, Noratis AG's Days Payable for the six months ended in Dec. 2023 was 15.38.

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

STU:NUVA' s Days Payable Range Over the Past 10 Years
Min: 4.99 Med: 34.99 Max: 263.9
Current: 15.67

During the past 9 years, Noratis AG's highest Days Payable was 263.90. The lowest was 4.99. And the median was 34.99.

STU:NUVA's Days Payable is ranked worse than
89.82% of 1582 companies
in the Real Estate industry
Industry Median: 99.725 vs STU:NUVA: 15.67

Noratis AG's Days Payable declined from Dec. 2022 (43.98) to Dec. 2023 (15.38). It may suggest that Noratis AG accelerated paying its suppliers.

Noratis AG Days Payable Historical Data

The historical data trend for Noratis AG'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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Noratis AG Days Payable Chart

Noratis AG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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67.83

263.90

62.36

52.69

17.28

Noratis AG Semi-Annual Data
	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												222.04	32.48	43.98	14.41	15.38

Competitive Comparison of Noratis AG's Days Payable

For the Real Estate - Development subindustry, Noratis AG'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.

Noratis AG's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Noratis AG's Days Payable distribution charts can be found below:

* The bar in red indicates where Noratis AG's Days Payable falls into.

Noratis AG 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.

Noratis AG'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
=	( (2.092	+	1.797)	/	2 )	/	41.076	*	365
=	1.9445					/	41.076	*	365
=	17.28

Noratis AG'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
=	( (1.4	+	1.797)	/	2 )	/	18.968	*	365 / 2
=	1.5985					/	18.968	*	365 / 2
=	15.38

Noratis AG Days Payable Related Terms

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Noratis AG (STU:NUVA) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

NUVA:Germany

Address

Hauptstrasse 129, Eschborn, HE, DEU, 65760

Website

https://www.noratis.de

Noratis AG is a developer of residential property portfolios. The company invests in residential properties with technical and commercial development potential in Germany, mainly in small and medium-sized towns or on the outskirts of metropolitan areas. The Company specializes in the upgrading of ageing residential portfolios, mostly company-owned apartments, residential areas or housing estates in cities with more than 10,000 inhabitants and in peripheral areas of conurbations.