GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Quantum Minerals Ltd (TSX:FM) » Definitions » Days Payable

First Quantum Minerals (TSX:FM) Days Payable : 76.97 (As of Mar. 2024)


View and export this data going back to 2000. Start your Free Trial

What is First Quantum Minerals Days Payable?

First Quantum Minerals's average Accounts Payable for the three months ended in Mar. 2024 was C$1,005 Mil. First Quantum Minerals's Cost of Goods Sold for the three months ended in Mar. 2024 was C$1,191 Mil. Hence, First Quantum Minerals's Days Payable for the three months ended in Mar. 2024 was 76.97.

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

TSX:FM' s Days Payable Range Over the Past 10 Years
Min: 48.72   Med: 80.18   Max: 87.18
Current: 55.3

During the past 13 years, First Quantum Minerals's highest Days Payable was 87.18. The lowest was 48.72. And the median was 80.18.

TSX:FM's Days Payable is ranked worse than
71.17% of 1065 companies
in the Metals & Mining industry
Industry Median: 128.84 vs TSX:FM: 55.30

First Quantum Minerals's Days Payable increased from Mar. 2023 (52.07) to Mar. 2024 (76.97). It may suggest that First Quantum Minerals delayed paying its suppliers.

First Quantum Minerals Days Payable Historical Data

The historical data trend for First Quantum Minerals'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.

First Quantum Minerals Days Payable Chart

First Quantum Minerals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 82.58 69.46 58.15 48.72 56.96

First Quantum Minerals 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 52.07 48.97 53.26 67.62 76.97

Competitive Comparison of First Quantum Minerals's Days Payable

For the Copper subindustry, First Quantum Minerals'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.

First Quantum Minerals's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where First Quantum Minerals's Days Payable falls into.


First Quantum Minerals 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.

First Quantum Minerals'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
=( (1047.403 + 1114.87) / 2 ) / 6928.023*365
=1081.1365 / 6928.023*365
=56.96

First Quantum Minerals'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
=( (1114.87 + 894.73) / 2 ) / 1191.168*365 / 4
=1004.8 / 1191.168*365 / 4
=76.97

* 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.

First Quantum Minerals Days Payable Related Terms

Thank you for viewing the detailed overview of First Quantum Minerals's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

First Quantum Minerals (TSX:FM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Quantum Minerals Ltd (TSX:FM) » Definitions » Days Payable
Comparable Companies
TSX:LUN TSX:CS TSX:HBM TSX:ERO TSX:TKO TSX:III TSX:MARI TSXV:LA TSX:ARG TSX:ASCU SCCO FCX LSE:ANTO LIM:CVERDEC1 SHSE:600362 SZSE:000630 WAR:KGH HKSE:01208 BOM:513599 HKSE:01258
Traded in Other Exchanges
FQVLF:USA IZ1:Germany
Address
330 Bay Street, Suite 1101, Toronto, ON, CAN, M5H 2S8
Website
https://www.first-quantum.com
First Quantum Minerals Ltd is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Panama, Turkey, Spain, Australia and Mauritania. The Company's reportable operating segments are Cobre Panama, Kansanshi, Trident and Ravensthorpe. Majority of the revenue is generated from Cobre Panama.