Novus Acquisition & Development (Novus Acquisition & Development) Days Payable : 0.00 (As of Sep. 2023)

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What is Novus Acquisition & Development Days Payable?

Novus Acquisition & Development's average Accounts Payable for the three months ended in Sep. 2023 was $0.00 Mil. Novus Acquisition & Development's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.03 Mil. Hence, Novus Acquisition & Development's Days Payable for the three months ended in Sep. 2023 was 0.00.

The historical rank and industry rank for Novus Acquisition & Development's Days Payable or its related term are showing as below:

NDEV's Days Payable is not ranked ^*
in the Insurance industry.
Industry Median: 56.92
* Ranked among companies with meaningful Days Payable only.

Novus Acquisition & Development's Days Payable stayed the same from . 20 (0.00) to Sep. 2023 (0.00). stayed the same

Novus Acquisition & Development Days Payable Historical Data

The historical data trend for Novus Acquisition & Development'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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Novus Acquisition & Development Days Payable Chart

Novus Acquisition & Development Annual Data

Trend

Days Payable

Novus Acquisition & Development Quarterly Data
	Sep22	Sep23
Days Payable	-	-

Competitive Comparison of Novus Acquisition & Development's Days Payable

For the Insurance - Diversified subindustry, Novus Acquisition & Development'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.

Novus Acquisition & Development's Days Payable Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Novus Acquisition & Development's Days Payable distribution charts can be found below:

* The bar in red indicates where Novus Acquisition & Development's Days Payable falls into.

Novus Acquisition & Development 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.

Novus Acquisition & Development's Days Payable for the fiscal year that ended in . 20 is calculated as

	Days Payable (A: . 20 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: . 20 )	+	Accounts Payable (A: . 20 ))	/	count )	/	Cost of Goods Sold (A: . 20 )	*	Days in Period
=	( (	+	)	/	1 )	/		*	365
=	0					/		*	365
=	N/A

Novus Acquisition & Development'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: Sep. 2022 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.026	*	365 / 4
=	0					/	0.026	*	365 / 4
=	0.00

Novus Acquisition & Development Days Payable Related Terms

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Novus Acquisition & Development (Novus Acquisition & Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Novus Acquisition & Development Corp (OTCPK:NDEV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2665 South Bayshore Drive, Suite 220, Miami, FL, USA, 33131

Website

https://www.getnovusnow.com

Novus Acquisition & Development Corp is a holding company operating through its subsidiaries. It offers health, life, and annuity insurance products and services. The company initiated its health insurance business model within the medical marijuana space, where it can render risk and non-risk insurance models. It operates throughout the United States.