Nordic Days Of Payables Outstanding from 2010 to 2024

NAT Stock  USD 2.99  0.01  0.33%   
Nordic American Days Of Payables Outstanding yearly trend continues to be comparatively stable with very little volatility. Days Of Payables Outstanding is likely to outpace its year average in 2024. From the period from 2010 to 2024, Nordic American Days Of Payables Outstanding quarterly data regression had r-value of (0.34) and coefficient of variation of  75.49. View All Fundamentals
 
Days Of Payables Outstanding  
First Reported
2010-12-31
Previous Quarter
11.29075404
Current Value
17.44
Quarterly Volatility
8.37147852
 
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Covid
Check Nordic American financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nordic American's main balance sheet or income statement drivers, such as Depreciation And Amortization of 48.7 M, Interest Expense of 32 M or Selling General Administrative of 11.5 M, as well as many indicators such as Price To Sales Ratio of 2.13, Dividend Yield of 0.12 or PTB Ratio of 1.19. Nordic financial statements analysis is a perfect complement when working with Nordic American Valuation or Volatility modules.
  
Check out the analysis of Nordic American Correlation against competitors.

Latest Nordic American's Days Of Payables Outstanding Growth Pattern

Below is the plot of the Days Of Payables Outstanding of Nordic American Tankers over the last few years. It is Nordic American's Days Of Payables Outstanding historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Nordic American's overall financial position and show how it may be relating to other accounts over time.
Days Of Payables Outstanding10 Years Trend
Slightly volatile
   Days Of Payables Outstanding   
       Timeline  

Nordic Days Of Payables Outstanding Regression Statistics

Arithmetic Mean11.09
Geometric Mean9.04
Coefficient Of Variation75.49
Mean Deviation5.76
Median8.93
Standard Deviation8.37
Sample Variance70.08
Range31.739
R-Value(0.34)
Mean Square Error66.65
R-Squared0.12
Significance0.21
Slope(0.64)
Total Sum of Squares981.14

Nordic Days Of Payables Outstanding History

2024 17.44
2022 8.93
2021 9.05
2020 5.85
2019 11.29
2018 4.26
2017 3.55

About Nordic American Financial Statements

Nordic American shareholders use historical fundamental indicators, such as Days Of Payables Outstanding, to determine how well the company is positioned to perform in the future. Although Nordic American investors may analyze each financial statement separately, they are all interrelated. The changes in Nordic American's assets and liabilities, for example, are also reflected in the revenues and expenses on on Nordic American's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Days Of Payables Outstanding 11.29  17.44 

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Additional Tools for Nordic Stock Analysis

When running Nordic American's price analysis, check to measure Nordic American's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nordic American is operating at the current time. Most of Nordic American's value examination focuses on studying past and present price action to predict the probability of Nordic American's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nordic American's price. Additionally, you may evaluate how the addition of Nordic American to your portfolios can decrease your overall portfolio volatility.