Nortech Payables Turnover from 2010 to 2024
| NSYS Stock | USD 10.98 0.22 1.96% |
Payables Turnover | First Reported 2010-12-31 | Previous Quarter 7.29891987 | Current Value 10.65 | Quarterly Volatility 1.70485458 |
Check Nortech Systems financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nortech Systems' main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.8 M, Interest Expense of 579 K or Total Revenue of 92.6 M, as well as many indicators such as Price To Sales Ratio of 0.26, Dividend Yield of 0.0 or PTB Ratio of 1.12. Nortech financial statements analysis is a perfect complement when working with Nortech Systems Valuation or Volatility modules.
Nortech | Payables Turnover |
Latest Nortech Systems' Payables Turnover Growth Pattern
Below is the plot of the Payables Turnover of Nortech Systems Incorporated over the last few years. It is a liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable. Nortech Systems' Payables Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Nortech Systems' overall financial position and show how it may be relating to other accounts over time.
| Payables Turnover | 10 Years Trend |
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Payables Turnover |
| Timeline |
Nortech Payables Turnover Regression Statistics
| Arithmetic Mean | 8.68 | |
| Geometric Mean | 8.52 | |
| Coefficient Of Variation | 19.65 | |
| Mean Deviation | 1.33 | |
| Median | 8.51 | |
| Standard Deviation | 1.70 | |
| Sample Variance | 2.91 | |
| Range | 6.4507 | |
| R-Value | (0.37) | |
| Mean Square Error | 2.70 | |
| R-Squared | 0.14 | |
| Significance | 0.18 | |
| Slope | (0.14) | |
| Total Sum of Squares | 40.69 |
Nortech Payables Turnover History
About Nortech Systems Financial Statements
Nortech Systems shareholders use historical fundamental indicators, such as Payables Turnover, to determine how well the company is positioned to perform in the future. Although Nortech Systems investors may analyze each financial statement separately, they are all interrelated. The changes in Nortech Systems' assets and liabilities, for example, are also reflected in the revenues and expenses on on Nortech Systems' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Payables Turnover | 7.30 | 10.65 |
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