Nabors Industries Ltd (NBR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.91 | 6.03 | 5.91 | 7.57 | 8.25 | |
| Number of days of payables | days | 52.82 | 60.51 | 61.73 | 48.21 | 44.24 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.91
= 52.82
The number of days of payables for Nabors Industries Ltd has shown fluctuating trends over the past five years. In 2023, the company had 60.03 days of payables, a decrease from 68.80 days in 2022. This indicates that the company took less time to pay its suppliers in 2023 compared to the previous year.
Looking further back, in 2021, the number of days of payables was 71.97 days, showing an increase from the previous year. However, in 2020, the number of days decreased to 60.49 days, indicating a shorter period to pay its payables.
The lowest number of days of payables was recorded in 2019 at 55.84 days, suggesting that the company was efficient in managing its payables that year. Overall, there have been fluctuations in the number of days of payables for Nabors Industries Ltd, which may reflect changes in the company's payment policies, cash flow management, or supplier relationships.
Peer comparison
Dec 31, 2023