Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Days Payable : 32.91 (As of Mar. 2024)

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What is Usinas Siderurgicas de Minas Gerais Days Payable?

Usinas Siderurgicas de Minas Gerais's average Accounts Payable for the three months ended in Mar. 2024 was R$2,100 Mil. Usinas Siderurgicas de Minas Gerais's Cost of Goods Sold for the three months ended in Mar. 2024 was R$5,824 Mil. Hence, Usinas Siderurgicas de Minas Gerais's Days Payable for the three months ended in Mar. 2024 was 32.91.

The historical rank and industry rank for Usinas Siderurgicas de Minas Gerais's Days Payable or its related term are showing as below:

BSP:USIM3' s Days Payable Range Over the Past 10 Years
Min: 21.48 Med: 33.14 Max: 69.79
Current: 30.99

During the past 13 years, Usinas Siderurgicas de Minas Gerais's highest Days Payable was 69.79. The lowest was 21.48. And the median was 33.14.

BSP:USIM3's Days Payable is ranked worse than
63.78% of 588 companies
in the Steel industry
Industry Median: 39.7 vs BSP:USIM3: 30.99

Usinas Siderurgicas de Minas Gerais's Days Payable declined from Mar. 2023 (34.08) to Mar. 2024 (32.91). It may suggest that Usinas Siderurgicas de Minas Gerais accelerated paying its suppliers.

Usinas Siderurgicas de Minas Gerais Days Payable Historical Data

The historical data trend for Usinas Siderurgicas de Minas Gerais'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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Usinas Siderurgicas de Minas Gerais Days Payable Chart

Usinas Siderurgicas de Minas Gerais Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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29.33

37.41

29.44

32.68

33.60

Usinas Siderurgicas de Minas Gerais Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															34.08	32.49	30.16	29.38	32.91

Competitive Comparison of Usinas Siderurgicas de Minas Gerais's Days Payable

For the Steel subindustry, Usinas Siderurgicas de Minas Gerais'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.

Usinas Siderurgicas de Minas Gerais's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Usinas Siderurgicas de Minas Gerais's Days Payable distribution charts can be found below:

* The bar in red indicates where Usinas Siderurgicas de Minas Gerais's Days Payable falls into.

Usinas Siderurgicas de Minas Gerais 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.

Usinas Siderurgicas de Minas Gerais'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
=	( (2539.445	+	2220.258)	/	2 )	/	25850.518	*	365
=	2379.8515					/	25850.518	*	365
=	33.60

Usinas Siderurgicas de Minas Gerais's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (2220.258	+	1980.567)	/	2 )	/	5823.865	*	365 / 4
=	2100.4125					/	5823.865	*	365 / 4
=	32.91

Usinas Siderurgicas de Minas Gerais Days Payable Related Terms

Thank you for viewing the detailed overview of Usinas Siderurgicas de Minas Gerais's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Usinas Siderurgicas de Minas Gerais SA (BSP:USIM3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

USNZY:USA XUSIO:Spain XUSI:Spain U1S1:Germany USIM6:Brazil USIM5:Brazil

Address

Rua Professor Jose Vieira de Mendonca, 3.011 - Engenho Nogueira, Belo Horizonte, MG, BRA, 31310-260

Website

https://www.usiminas.com

Usinas Siderurgicas de Minas Gerais SA is a Brazil-based company that is primarily engaged in the production and distribution of flat steel products. The company's product portfolio consists of ordinary heavy plates, Sincron series premium heavy plates, hot strips, cold-rolled products, and galvanized products. These products are used in automotive, civil construction, railway, electric, white goods, offshore platforms, and agricultural and construction machinery. The Brazilian domestic market represents the majority of the company's sales, while the United States, Argentina, and Turkey are the three biggest export destination markets for the company.

Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Headlines

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