CSN Mineracao (BSP:CMIN3) Days Payable : 64.06 (As of Dec. 2023)

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What is CSN Mineracao Days Payable?

CSN Mineracao's average Accounts Payable for the three months ended in Dec. 2023 was R$1,731 Mil. CSN Mineracao's Cost of Goods Sold for the three months ended in Dec. 2023 was R$2,466 Mil. Hence, CSN Mineracao's Days Payable for the three months ended in Dec. 2023 was 64.06.

The historical rank and industry rank for CSN Mineracao's Days Payable or its related term are showing as below:

BSP:CMIN3' s Days Payable Range Over the Past 10 Years
Min: 57.97 Med: 66.43 Max: 86.63
Current: 58.52

During the past 7 years, CSN Mineracao's highest Days Payable was 86.63. The lowest was 57.97. And the median was 66.43.

BSP:CMIN3's Days Payable is ranked better than
62.76% of 588 companies
in the Steel industry
Industry Median: 39.59 vs BSP:CMIN3: 58.52

CSN Mineracao's Days Payable increased from Dec. 2022 (60.90) to Dec. 2023 (64.06). It may suggest that CSN Mineracao delayed paying its suppliers.

CSN Mineracao Days Payable Historical Data

The historical data trend for CSN Mineracao's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CSN Mineracao Days Payable Chart

CSN Mineracao Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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66.43

73.89

57.97

65.31

59.87

CSN Mineracao Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															60.90	58.78	52.91	57.39	64.06

Competitive Comparison of CSN Mineracao's Days Payable

For the Steel subindustry, CSN Mineracao's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CSN Mineracao's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, CSN Mineracao's Days Payable distribution charts can be found below:

* The bar in red indicates where CSN Mineracao's Days Payable falls into.

CSN Mineracao Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

CSN Mineracao's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1384.39	+	1843.187)	/	2 )	/	9839.057	*	365
=	1613.7885					/	9839.057	*	365
=	59.87

CSN Mineracao's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1618.377	+	1843.187)	/	2 )	/	2465.548	*	365 / 4
=	1730.782					/	2465.548	*	365 / 4
=	64.06

CSN Mineracao Days Payable Related Terms

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CSN Mineracao (BSP:CMIN3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » CSN Mineracao SA (BSP:CMIN3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Casa de Pedra, PO Box: 97, Congonhas, MG, BRA, 36415-000

Website

https://www.csn.com.br

CSN Mineracao SA is engaged in the steelmaking business. The company operates in steel, mining, cement, logistics, and energy segments. The product portfolio includes flat, long, steel packaging, steel cutting services, and others.

CSN Mineracao (BSP:CMIN3) Headlines

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