Nordson Corporation

NASDAQ NDSN

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Nordson Corporation Accounts Payable Turnover Ratio 5 year CAGR for the year ending October 31, 2023: 38.80%

Nordson Corporation Accounts Payable Turnover Ratio 5 year CAGR is 38.80% for the year ending October 31, 2023, a 2,237.92% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Nordson Corporation Accounts Payable Turnover Ratio for the year ending October 31, 2022 was 26.09, a 1.27% change year over year.
Nordson Corporation Accounts Payable Turnover Ratio for the year ending October 31, 2021 was 25.76, a -13.82% change year over year.
Nordson Corporation Accounts Payable Turnover Ratio for the year ending October 31, 2020 was 29.90, a 16.00% change year over year.
Nordson Corporation Accounts Payable Turnover Ratio for the year ending October 31, 2019 was 25.77, a -4.45% change year over year.

NASDAQ: NDSN

Nordson Corporation

CEO	Mr. Sundaram Nagarajan
IPO Date	March 26, 1990
Location	United States
Headquarters	28601 Clemens Road, Westlake, OH, United States, 44145
Employees	7,700
Sector	Industrials
Industry	Specialty industrial machinery

Description

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions. The Industrial Precision Solutions segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic and biopolymer melt stream; precision agriculture spraying solutions; fluid components, such as nozzles, pumps, and filters; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods. It also offers automated and manual dispensing products and systems for cold materials, container coating, liquid finishing, and powder coating, as well as ultraviolet equipment used primarily in curing and drying operations. The Medical and Fluid Solutions segment offers medical devices, including cannulas, catheters, and medical balloons; single-use plastic components; precision manual and semi-automated dispensers; minimally invasive interventional delivery devices; and plastic molded syringes, cartridges, tips, and fluid connection components. The Advanced Technology Solutions segment provides automated dispensing systems for the attachment, protection, and coating of fluids, as well as related gas plasma treatment systems for cleaning and conditioning surfaces; and bond testing and automated optical, acoustic microscopy, and x-ray inspection systems for use in semiconductor and printed circuit board industries. The company markets its products through direct sales force, as well as distributors and sales representatives. Nordson Corporation was founded in 1909 and is headquartered in Westlake, Ohio.

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