Nabors Industries Ltd (NBR)
Number of days of payables
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.91 | 7.20 | 6.79 | 6.50 | 6.03 | 6.13 | 6.19 | 5.67 | 5.91 | 4.99 | 5.09 | 5.08 | 7.36 | 9.77 | 10.96 | 9.14 | 8.57 | 6.92 | 5.98 | 5.89 | |
| Number of days of payables | days | 52.82 | 50.67 | 53.75 | 56.16 | 60.51 | 59.50 | 58.92 | 64.36 | 61.73 | 73.10 | 71.66 | 71.87 | 49.58 | 37.36 | 33.29 | 39.92 | 42.60 | 52.75 | 61.04 | 61.93 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.91
= 52.82
Nabors Industries Ltd's number of days of payables has exhibited fluctuations over the past eight quarters. In Q4 2023, the company's payables were being settled at an average of 60.03 days, showing a slight improvement compared to the previous quarter's 57.52 days. This indicates that the company is taking slightly longer to pay its suppliers. However, when observing a longer trend, there has been a general decreasing trend in the number of days of payables since Q1 2022 when it was at 74.36 days. This trend suggests that the company has been managing its payables more efficiently over time. It is important for investors and stakeholders to continue monitoring this ratio to assess the company's liquidity management and vendor relationships.
Peer comparison
Dec 31, 2023