Northrop Grumman Corporation (NOC)
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 | 1.56 | 1.63 | 1.76 | 1.60 | 1.94 | 1.90 | 2.06 | 1.96 | 1.59 | 2.12 | 2.32 | 2.37 | 2.17 | 2.29 | 2.48 | 2.53 | 2.59 | 1.72 | 1.84 | 1.76 | |
Number of days of payables | days | 234.29 | 223.78 | 207.06 | 228.68 | 188.12 | 192.02 | 176.78 | 186.65 | 229.47 | 172.49 | 157.63 | 154.21 | 167.97 | 159.66 | 147.34 | 144.40 | 140.85 | 212.31 | 198.00 | 207.10 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.56
= 234.29
The number of days of payables for Northrop Grumman Corporation has fluctuated over the years, indicating changes in the company's payment practices to its suppliers. The trend shows an increase in the number of days of payables from December 2020 to December 2024, with a slight decrease in the first quarter of 2023 before rising again. This suggests that the company may be taking longer to pay its suppliers during this period.
It is important to consider the number of days of payables in conjunction with other financial ratios and factors to get a comprehensive view of the company's financial health and management of working capital. A longer number of days of payables may indicate that the company is managing its cash flow effectively by delaying payments, but it could also potentially strain relationships with suppliers if taken to an extreme.
Further analysis and comparison with industry benchmarks and historical data could provide additional insights into Northrop Grumman's payment practices and financial performance.
Peer comparison
Dec 31, 2024
See also:
Northrop Grumman Corporation Average Payables Payment Period (Quarterly Data)