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Nabaltec AG (XTER:NTG) Days Payable : 47.44 (As of Dec. 2023)


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What is Nabaltec AG Days Payable?

Nabaltec AG's average Accounts Payable for the three months ended in Dec. 2023 was €10.9 Mil. Nabaltec AG's Cost of Goods Sold for the three months ended in Dec. 2023 was €21.0 Mil. Hence, Nabaltec AG's Days Payable for the three months ended in Dec. 2023 was 47.44.

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

XTER:NTG' s Days Payable Range Over the Past 10 Years
Min: 45.06   Med: 54.79   Max: 66.95
Current: 52.96

During the past 13 years, Nabaltec AG's highest Days Payable was 66.95. The lowest was 45.06. And the median was 54.79.

XTER:NTG's Days Payable is ranked worse than
58.96% of 1501 companies
in the Chemicals industry
Industry Median: 60.45 vs XTER:NTG: 52.96

Nabaltec AG's Days Payable declined from Dec. 2022 (59.19) to Dec. 2023 (47.44). It may suggest that Nabaltec AG accelerated paying its suppliers.

Nabaltec AG Days Payable Historical Data

The historical data trend for Nabaltec AG'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.

* Premium members only.

Nabaltec AG Days Payable Chart

Nabaltec AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 58.10 57.84 46.26 45.98 45.61

Nabaltec AG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 59.19 54.03 67.29 49.67 47.44

Competitive Comparison of Nabaltec AG's Days Payable

For the Specialty Chemicals subindustry, Nabaltec AG'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.

Nabaltec AG's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nabaltec AG's Days Payable distribution charts can be found below:

* The bar in red indicates where Nabaltec AG's Days Payable falls into.


Nabaltec AG 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.

Nabaltec AG'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
=( (15.087 + 10.124) / 2 ) / 100.885*365
=12.6055 / 100.885*365
=45.61

Nabaltec AG'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: Sep. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (11.666 + 10.124) / 2 ) / 20.956*365 / 4
=10.895 / 20.956*365 / 4
=47.44

* 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.

Nabaltec AG Days Payable Related Terms

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Nabaltec AG (XTER:NTG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nabaltec AG (XTER:NTG) » Definitions » Days Payable
Comparable Companies
XTER:MZX XTER:UZU LIN XPAR:AI APD SHW ECL SHSE:600309 XSWX:SIKA BOM:500820 DD XSWX:GIVN LYB PPG ADX:BOROUGE IFF XSWX:EMSN TSE:4612 ISX:TPIA TPE:1301
Traded in Other Exchanges
NTG:Germany NTG:Germany
Address
Alustrasse 50 - 52, Schwandorf, BY, DEU, 92421
Website
https://www.nabaltec.de
Nabaltec AG engages is a company involved in the chemical business. The product portfolio includes Aluminum hydroxide, boehmite, alumina, synthetic sintered mullite, and ceramic masses. The company functions in two segments - Functional Fillers and Specialty Alumina. It generates maximum revenue from the Functional Fillers segment. The Functional Fillers segment develops specialized aluminum hydroxide-based products and the specialty alumina segment develops materials for a wide variety of industries based on all natural ingredients.
Executives
Gerhard Witzany Supervisory Board