Vale (VALE) Days Payable

: 71.86 (As of Dec. 2023)

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Vale's average Accounts Payable for the three months ended in Dec. 2023 was $5,427 Mil. Vale's Cost of Goods Sold for the three months ended in Dec. 2023 was $6,891 Mil. Hence, Vale's Days Payable for the three months ended in Dec. 2023 was 71.86.

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

VALE' s Days Payable Range Over the Past 10 Years
Min: 54.91 Med: 64.72 Max: 77.79
Current: 76.64

During the past 13 years, Vale's highest Days Payable was 77.79. The lowest was 54.91. And the median was 64.72.

VALE's Days Payable is ranked worse than
59.59% of 1064 companies
in the Metals & Mining industry
Industry Median: 128.935 vs VALE: 76.64

Vale's Days Payable increased from Dec. 2022 (58.64) to Dec. 2023 (71.86). It may suggest that Vale delayed paying its suppliers.

Vale Days Payable Historical Data

The historical data trend for Vale'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.

Vale Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

72.00

77.66

57.47

60.28

73.74

Vale Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																58.64	82.28	74.54	78.26	71.86

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Vale'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.

Vale Days Payable Distribution

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

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

Vale 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.

Vale'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
=	( (4461	+	5272)	/	2 )	/	24089	*	365
=	4866.5					/	24089	*	365
=	73.74

Vale'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
=	( (5582	+	5272)	/	2 )	/	6891	*	365 / 4
=	5427					/	6891	*	365 / 4
=	71.86

Vale Days Payable Related Terms

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Vale (VALE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vale SA (NYSE:VALE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VALE:Mexico 0LBF:UK XVALO:Spain CVLC:Germany CVLC:Germany CVLB:Germany CVLB:Germany CVLC:Germany CVLB:Germany VALE3:Brazil VALE:Argentina

Address

Praia de Botafogo, 186, Salas 501 a 1901, Botafogo, Rio de Janeiro, RJ, BRA, 22250-145

Website

https://www.vale.com

Vale is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. Vale has agreed to sell a minority 13% stake in its base metals business, which is expected to become effective early in 2024, and which is likely the first step in separating base metals and iron ore.