Nabors Industries Ltd (NBR)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.85 | 6.25 | 6.01 | 6.29 | 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 | |
| Number of days of payables | days | 53.32 | 58.42 | 60.71 | 58.03 | 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 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.85
= 53.32
The number of days of payables for Nabors Industries Ltd has shown some fluctuations over the past few years. It ranged from a low of 33.29 days as of June 30, 2020, to a high of 73.10 days as of September 30, 2021. This indicates that the company took longer to pay its suppliers during that period.
Subsequently, there was a downward trend in the number of days of payables, reaching a low of 50.67 days as of September 30, 2023. This suggests that the company improved its payment efficiency during this period.
However, the number of days of payables increased again to 60.71 days as of June 30, 2024. This may indicate a delayed payment cycle or changes in the company's management of payables.
Overall, the trend in the number of days of payables for Nabors Industries Ltd indicates fluctuations with both improvements and setbacks in managing its payables effectively. It is essential for the company to monitor and maintain a balanced approach in managing its payables to ensure efficient cash flow management and healthy supplier relationships.
Peer comparison
Dec 31, 2024