Agnico Eagle Mines (Agnico Eagle Mines) Days Payable

: 41.92 (As of Dec. 2023)

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Agnico Eagle Mines's average Accounts Payable for the three months ended in Dec. 2023 was $537 Mil. Agnico Eagle Mines's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,169 Mil. Hence, Agnico Eagle Mines's Days Payable for the three months ended in Dec. 2023 was 41.92.

The historical rank and industry rank for Agnico Eagle Mines's Days Payable or its related term are showing as below:

AEM' s Days Payable Range Over the Past 10 Years
Min: 21.1 Med: 26.05 Max: 46.82
Current: 46.82

During the past 13 years, Agnico Eagle Mines's highest Days Payable was 46.82. The lowest was 21.10. And the median was 26.05.

AEM's Days Payable is ranked worse than
74.62% of 1064 companies
in the Metals & Mining industry
Industry Median: 128.935 vs AEM: 46.82

Agnico Eagle Mines's Days Payable declined from Dec. 2022 (46.84) to Dec. 2023 (41.92). It may suggest that Agnico Eagle Mines accelerated paying its suppliers.

Agnico Eagle Mines Days Payable Historical Data

The historical data trend for Agnico Eagle Mines'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.

* Premium members only.

Agnico Eagle Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

32.69

28.90

25.89

21.88

23.79

Agnico Eagle Mines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																46.84	45.44	60.89	60.71	41.92

Competitive Comparison

For the Gold subindustry, Agnico Eagle Mines'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.

Agnico Eagle Mines Days Payable Distribution

For the Metals & Mining industry and Basic Materials sector, Agnico Eagle Mines's Days Payable distribution charts can be found below:

* The bar in red indicates where Agnico Eagle Mines's Days Payable falls into.

Agnico Eagle Mines 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.

Agnico Eagle Mines'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
=	( (259.002	+	317.888)	/	2 )	/	4425.034	*	365
=	288.445					/	4425.034	*	365
=	23.79

Agnico Eagle Mines'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
=	( (756.067	+	317.888)	/	2 )	/	1169.011	*	365 / 4
=	536.9775					/	1169.011	*	365 / 4
=	41.92

Agnico Eagle Mines Days Payable Related Terms

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Agnico Eagle Mines (Agnico Eagle Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Agnico Eagle Mines Ltd (NYSE:AEM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AEM:Mexico AE9:Germany AE9:Germany AE9:Germany AEM:Canada AEM:Argentina

Address

145 King Street East, Suite 400, Toronto, ON, CAN, M5C 2Y7

Website

https://www.agnicoeagle.com

Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.1 million gold ounces in 2022 and had about 15 years of gold reserves at end 2022. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.