Nurminen Logistics Oyj (OHEL:NLG1V) Days Payable : 56.14 (As of Dec. 2023)

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What is Nurminen Logistics Oyj Days Payable?

Nurminen Logistics Oyj's average Accounts Payable for the six months ended in Dec. 2023 was €16.3 Mil. Nurminen Logistics Oyj's Cost of Goods Sold for the six months ended in Dec. 2023 was €52.9 Mil. Hence, Nurminen Logistics Oyj's Days Payable for the six months ended in Dec. 2023 was 56.14.

The historical rank and industry rank for Nurminen Logistics Oyj's Days Payable or its related term are showing as below:

OHEL:NLG1V' s Days Payable Range Over the Past 10 Years
Min: 19.02 Med: 28.53 Max: 64.36
Current: 47.28

During the past 13 years, Nurminen Logistics Oyj's highest Days Payable was 64.36. The lowest was 19.02. And the median was 28.53.

OHEL:NLG1V's Days Payable is ranked better than
59.25% of 930 companies
in the Transportation industry
Industry Median: 38.395 vs OHEL:NLG1V: 47.28

Nurminen Logistics Oyj's Days Payable declined from Dec. 2022 (58.06) to Dec. 2023 (56.14). It may suggest that Nurminen Logistics Oyj accelerated paying its suppliers.

Nurminen Logistics Oyj Days Payable Historical Data

The historical data trend for Nurminen Logistics Oyj'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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Nurminen Logistics Oyj Days Payable Chart

Nurminen Logistics Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

26.79

23.91

19.02

20.79

20.80

Nurminen Logistics Oyj Semi-Annual Data
	Jun14	Dec14	Jun15	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															31.47	43.59	58.06	65.87	56.14

Competitive Comparison of Nurminen Logistics Oyj's Days Payable

For the Railroads subindustry, Nurminen Logistics Oyj'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.

Nurminen Logistics Oyj's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Nurminen Logistics Oyj's Days Payable distribution charts can be found below:

* The bar in red indicates where Nurminen Logistics Oyj's Days Payable falls into.

Nurminen Logistics Oyj 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.

Nurminen Logistics Oyj'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
=	( (4.811	+	6.151)	/	2 )	/	96.165	*	365
=	5.481					/	96.165	*	365
=	20.80

Nurminen Logistics Oyj'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
=	( (26.408	+	6.151)	/	2 )	/	52.918	*	365 / 2
=	16.2795					/	52.918	*	365 / 2
=	56.14

Nurminen Logistics Oyj Days Payable Related Terms

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Nurminen Logistics Oyj (OHEL:NLG1V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nurminen Logistics Oyj (OHEL:NLG1V) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

8I4:Germany

Address

Satamakaari 24, Helsinki, FIN, 00980

Website

https://www.nurminenlogistics.com

Nurminen Logistics Oyj is engaged in the provision of logistics services. The company offers high-quality rail transport, terminal, and multimodal solutions between Asia and Europe and in the Nordic and Baltic countries. The company's revenue consists mainly of forwarding services, railway transport and terminal services. The company also receives income from short-term and long-term warehousing services. Geographically, it derives most of its revenue from Baltic countries and has a presence in Russia.

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