Novaturas AB (OVSE:NTU1L) Days Payable : 13.81 (As of Sep. 2023)

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What is Novaturas AB Days Payable?

Novaturas AB's average Accounts Payable for the three months ended in Sep. 2023 was €8.6 Mil. Novaturas AB's Cost of Goods Sold for the three months ended in Sep. 2023 was €56.7 Mil. Hence, Novaturas AB's Days Payable for the three months ended in Sep. 2023 was 13.81.

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

OVSE:NTU1L' s Days Payable Range Over the Past 10 Years
Min: 9.95 Med: 11.19 Max: 38.21
Current: 22.21

During the past 9 years, Novaturas AB's highest Days Payable was 38.21. The lowest was 9.95. And the median was 11.19.

OVSE:NTU1L's Days Payable is ranked worse than
82.05% of 752 companies
in the Travel & Leisure industry
Industry Median: 59.595 vs OVSE:NTU1L: 22.21

Novaturas AB's Days Payable increased from Sep. 2022 (11.04) to Sep. 2023 (13.81). It may suggest that Novaturas AB delayed paying its suppliers.

Novaturas AB Days Payable Historical Data

The historical data trend for Novaturas 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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Novaturas AB Days Payable Chart

Novaturas AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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9.95

10.16

38.21

13.10

19.70

Novaturas AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															11.04	26.72	41.35	23.09	13.81

Competitive Comparison of Novaturas AB's Days Payable

For the Travel Services subindustry, Novaturas 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.

Novaturas AB's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Novaturas AB's Days Payable distribution charts can be found below:

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

Novaturas 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.

Novaturas AB's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (4.896	+	14.272)	/	2 )	/	177.588	*	365
=	9.584					/	177.588	*	365
=	19.70

Novaturas AB's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (11.119	+	6.032)	/	2 )	/	56.66	*	365 / 4
=	8.5755					/	56.66	*	365 / 4
=	13.81

Novaturas AB Days Payable Related Terms

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Novaturas AB (OVSE:NTU1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Novaturas AB (OVSE:NTU1L) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NTU:Poland

Address

A. Mickeviciaus g. 27, Kaunas, LTU, LT-44245

Website

https://www.novaturasgroup.com

Novaturas AB is an organizer of recreational and sightseeing tours in the Baltic States. Its business segments include Flight package tours, Sightseeing tours by plane, Sightseeing tours by coach, and Others. The company takes care of holiday and sightseeing tours by charter flights, sightseeing tours to far destinations and bus tours. It offers various traveling-related services including flight tickets and hotel bookings.

Novaturas AB (OVSE:NTU1L) Headlines

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