Nolato AB (Nolato AB) Days Payable : 28.16 (As of Mar. 2024)

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What is Nolato AB Days Payable?

Nolato AB's average Accounts Payable for the three months ended in Mar. 2024 was $60.4 Mil. Nolato AB's Cost of Goods Sold for the three months ended in Mar. 2024 was $195.8 Mil. Hence, Nolato AB's Days Payable for the three months ended in Mar. 2024 was 28.16.

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

NLTBF' s Days Payable Range Over the Past 10 Years
Min: 31.1 Med: 42.45 Max: 61.5
Current: 31.44

During the past 13 years, Nolato AB's highest Days Payable was 61.50. The lowest was 31.10. And the median was 42.45.

NLTBF's Days Payable is ranked worse than
78.65% of 473 companies
in the Conglomerates industry
Industry Median: 59.39 vs NLTBF: 31.44

Nolato AB's Days Payable declined from Mar. 2023 (33.72) to Mar. 2024 (28.16). It may suggest that Nolato AB accelerated paying its suppliers.

Nolato AB Days Payable Historical Data

The historical data trend for Nolato 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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Nolato AB Days Payable Chart

Nolato AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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39.93

38.90

46.10

47.83

30.90

Nolato AB Quarterly Data
	Jun19	Sep19	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															33.72	-	-	29.62	28.16

Competitive Comparison of Nolato AB's Days Payable

For the Conglomerates subindustry, Nolato 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.

Nolato AB's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Nolato AB's Days Payable distribution charts can be found below:

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

Nolato 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.

Nolato 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
=	( (75.063	+	60.443)	/	2 )	/	800.382	*	365
=	67.753					/	800.382	*	365
=	30.90

Nolato 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
=	( (60.443	+	0)	/	1 )	/	195.845	*	365 / 4
=	60.443					/	195.845	*	365 / 4
=	28.16

Nolato AB Days Payable Related Terms

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Nolato AB (Nolato AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nolato AB (OTCPK:NLTBF) » Definitions » Days Payable

Comparable Companies

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NOLA B:Sweden

Address

Nolatovagen 32, Torekov, SWE, SE-269 78

Website

https://www.nolato.com

Nolato AB is a Swedish company that develops and manufactures plastic, silicone, and thermoplastic elastomer products. The firm's operations are organized into three segments based on end market: Medical, which develops complex product systems, components, and packaging solutions for pharmaceuticals and supplements; Integrated, which develops subsystems for mobile phones; and Industrial, which develops systems for the automotive, hygiene, packaging, and furniture industries. Roughly a third of the firm's revenue is generated in the Rest of Europe.

Nolato AB (Nolato AB) Headlines

From GuruFocus

Nolato Q2 2019: Normalised Inventory Situation at Integrated Solutions

By PRNewswire PRNewswire • 07-18-2019

Nolato Q1 2020: Strong Sales Growth for the Group

By PRNewswire PRNewswire • 05-04-2020

Nolato Q1 2019: Continued Strong Performance From Medical Solutions

By PRNewswire PRNewswire • 05-08-2019

Nolato Q4 2019: Good Performance by all Business Areas

By PRNewswire PRNewswire • 02-10-2020

Nolato: Invitation to Webcast Conference Call on 8 May

By PRNewswire PRNewswire • 05-02-2019

Nolato Q3 2020: Good performance and growth by all business areas

By PRNewswire PRNewswire • 10-23-2020

First quarter of 2021: All business areas achieve sales and profit growth

By PRNewswire PRNewswire • 05-04-2021

Nolato acquires US-based medtech manufacturer with annual sales of approximately SEK 1.8 billion

By PRNewswire PRNewswire • 08-06-2020