Nordic Group (SGX:MR7) Days Payable : 108.77 (As of Dec. 2023)

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What is Nordic Group Days Payable?

Nordic Group's average Accounts Payable for the six months ended in Dec. 2023 was S$33.9 Mil. Nordic Group's Cost of Goods Sold for the six months ended in Dec. 2023 was S$56.9 Mil. Hence, Nordic Group's Days Payable for the six months ended in Dec. 2023 was 108.77.

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

SGX:MR7' s Days Payable Range Over the Past 10 Years
Min: 60.53 Med: 91.12 Max: 118.08
Current: 101.18

During the past 13 years, Nordic Group's highest Days Payable was 118.08. The lowest was 60.53. And the median was 91.12.

SGX:MR7's Days Payable is ranked better than
63.57% of 1603 companies
in the Construction industry
Industry Median: 75.21 vs SGX:MR7: 101.18

Nordic Group's Days Payable increased from Dec. 2022 (108.64) to Dec. 2023 (108.77). It may suggest that Nordic Group delayed paying its suppliers.

Nordic Group Days Payable Historical Data

The historical data trend for Nordic Group'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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Nordic Group Days Payable Chart

Nordic Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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89.75

118.08

113.52

92.48

101.50

Nordic Group 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															101.67	96.77	108.64	94.45	108.77

Competitive Comparison of Nordic Group's Days Payable

For the Engineering & Construction subindustry, Nordic Group'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.

Nordic Group's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Nordic Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Nordic Group's Days Payable falls into.

Nordic Group 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.

Nordic Group'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
=	( (35.465	+	33.63)	/	2 )	/	124.232	*	365
=	34.5475					/	124.232	*	365
=	101.50

Nordic Group'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
=	( (34.214	+	33.63)	/	2 )	/	56.914	*	365 / 2
=	33.922					/	56.914	*	365 / 2
=	108.77

Nordic Group Days Payable Related Terms

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Nordic Group (SGX:MR7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nordic Group Ltd (SGX:MR7) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Tuas Avenue 10, Singapore, SGP, 639126

Website

https://www.nordicgrouplimited.com

Nordic Group Ltd is an investment holding company. Its operating business segments include Project Services, Maintenance Services, and Others. The company generates maximum revenue from the Maintenance services segment. Its Maintenance Services segment includes maintenance and repair services, trading and supply of material, spare parts and components. The Project services segment includes projects that require engineering, procurement, design, construction, machining, scaffolding works, insulation services, and passive fireproofing services. Geographically, Singapore derives the vast majority of its revenue.

Nordic Group (SGX:MR7) Headlines

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