Nok Airlines PCL (Nok Airlines PCL) Days Payable : 66.33 (As of Jun. 2023)

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What is Nok Airlines PCL Days Payable?

Nok Airlines PCL's average Accounts Payable for the six months ended in Jun. 2023 was $41.0 Mil. Nok Airlines PCL's Cost of Goods Sold for the six months ended in Jun. 2023 was $112.9 Mil. Hence, Nok Airlines PCL's Days Payable for the six months ended in Jun. 2023 was 66.33.

The historical rank and industry rank for Nok Airlines PCL's Days Payable or its related term are showing as below:

NOKPF' s Days Payable Range Over the Past 10 Years
Min: 14.1 Med: 47.96 Max: 157.25
Current: 87.41

During the past 13 years, Nok Airlines PCL's highest Days Payable was 157.25. The lowest was 14.10. And the median was 47.96.

NOKPF's Days Payable is ranked better than
80.06% of 933 companies
in the Transportation industry
Industry Median: 38.97 vs NOKPF: 87.41

Nok Airlines PCL's Days Payable declined from Jun. 2022 (101.95) to Jun. 2023 (66.33). It may suggest that Nok Airlines PCL accelerated paying its suppliers.

Nok Airlines PCL Days Payable Historical Data

The historical data trend for Nok Airlines PCL'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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Nok Airlines PCL Days Payable Chart

Nok Airlines PCL Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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30.42

63.96

123.08

170.27

48.59

Nok Airlines PCL Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															280.99	230.62	101.95	87.62	66.33

Competitive Comparison of Nok Airlines PCL's Days Payable

For the Airlines subindustry, Nok Airlines PCL'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.

Nok Airlines PCL's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Nok Airlines PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Nok Airlines PCL's Days Payable falls into.

Nok Airlines PCL 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.

Nok Airlines PCL'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
=	( (32.99	+	34.023)	/	2 )	/	251.709	*	365
=	33.5065					/	251.709	*	365
=	48.59

Nok Airlines PCL's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (34.023	+	48.01)	/	2 )	/	112.851	*	365 / 2
=	41.0165					/	112.851	*	365 / 2
=	66.33

Nok Airlines PCL Days Payable Related Terms

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Nok Airlines PCL (Nok Airlines PCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nok Airlines PCL (OTCPK:NOKPF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vibhavadi Rangsit Road, Central Building, Room No. 4235, 4th Floor, 222 Don Mueang International Airport, Sanambin Sub-district, Don Mueang District, Bangkok, THA, 10210

Website

https://www.nokair.com

Nok Airlines PCL is a Thailand-based company. It is engaged in providing air transport services for passengers. The company operates in two business segments which is Domestic Air Services and International Air Services. The Domestic Air Services business segment generates the maximum revenue for the company.

Nok Airlines PCL (Nok Airlines PCL) Headlines

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