Nordon Industrias Metalurgicas (BSP:NORD3) Days Payable : 470.61 (As of Dec. 2023)

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What is Nordon Industrias Metalurgicas Days Payable?

Nordon Industrias Metalurgicas's average Accounts Payable for the three months ended in Dec. 2023 was R$0.28 Mil. Nordon Industrias Metalurgicas's Cost of Goods Sold for the three months ended in Dec. 2023 was R$0.05 Mil. Hence, Nordon Industrias Metalurgicas's Days Payable for the three months ended in Dec. 2023 was 470.61.

The historical rank and industry rank for Nordon Industrias Metalurgicas's Days Payable or its related term are showing as below:

BSP:NORD3' s Days Payable Range Over the Past 10 Years
Min: 504.22 Med: 995.12 Max: 1779.38
Current: 504.22

During the past 13 years, Nordon Industrias Metalurgicas's highest Days Payable was 1779.38. The lowest was 504.22. And the median was 995.12.

BSP:NORD3's Days Payable is ranked better than
74.03% of 77 companies
in the Diversified Financial Services industry
Industry Median: 86.81 vs BSP:NORD3: 504.22

Nordon Industrias Metalurgicas's Days Payable declined from Dec. 2022 (866.88) to Dec. 2023 (470.61). It may suggest that Nordon Industrias Metalurgicas accelerated paying its suppliers.

Nordon Industrias Metalurgicas Days Payable Historical Data

The historical data trend for Nordon Industrias Metalurgicas'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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Nordon Industrias Metalurgicas Days Payable Chart

Nordon Industrias Metalurgicas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1,022.58

565.75

632.80

995.12

504.70

Nordon Industrias Metalurgicas 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															866.88	593.13	498.78	460.81	470.61

Competitive Comparison of Nordon Industrias Metalurgicas's Days Payable

For the Shell Companies subindustry, Nordon Industrias Metalurgicas'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.

Nordon Industrias Metalurgicas's Days Payable Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Nordon Industrias Metalurgicas's Days Payable distribution charts can be found below:

* The bar in red indicates where Nordon Industrias Metalurgicas's Days Payable falls into.

Nordon Industrias Metalurgicas 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.

Nordon Industrias Metalurgicas'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
=	( (0.359	+	0.266)	/	2 )	/	0.226	*	365
=	0.3125					/	0.226	*	365
=	504.70

Nordon Industrias Metalurgicas'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
=	( (0.291	+	0.266)	/	2 )	/	0.054	*	365 / 4
=	0.2785					/	0.054	*	365 / 4
=	470.61

Nordon Industrias Metalurgicas Days Payable Related Terms

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Nordon Industrias Metalurgicas (BSP:NORD3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Nordon Industrias Metalurgicas SA (BSP:NORD3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Alameda Roger Adam 169, Santo Andre, Sao Paulo, SP, BRA, 9080620

Website

http://www.nordon.ind.br

Nordon Industrias Metalurgicas SA is a shell company.

Nordon Industrias Metalurgicas (BSP:NORD3) Headlines

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