Lundin Mining (TSX:LUN) Days Payable : 39.30 (As of Dec. 2023)

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What is Lundin Mining Days Payable?

Lundin Mining's average Accounts Payable for the three months ended in Dec. 2023 was C$503 Mil. Lundin Mining's Cost of Goods Sold for the three months ended in Dec. 2023 was C$1,169 Mil. Hence, Lundin Mining's Days Payable for the three months ended in Dec. 2023 was 39.30.

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

TSX:LUN' s Days Payable Range Over the Past 10 Years
Min: 28.59 Med: 40.88 Max: 53.91
Current: 42.9

During the past 13 years, Lundin Mining's highest Days Payable was 53.91. The lowest was 28.59. And the median was 40.88.

TSX:LUN's Days Payable is ranked worse than
77.65% of 1065 companies
in the Metals & Mining industry
Industry Median: 128.84 vs TSX:LUN: 42.90

Lundin Mining's Days Payable increased from Dec. 2022 (38.74) to Dec. 2023 (39.30). It may suggest that Lundin Mining delayed paying its suppliers.

Lundin Mining Days Payable Historical Data

The historical data trend for Lundin Mining'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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Lundin Mining Days Payable Chart

Lundin Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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52.99

37.81

30.34

40.36

47.55

Lundin Mining 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															38.74	51.11	47.05	34.65	39.30

Competitive Comparison of Lundin Mining's Days Payable

For the Copper subindustry, Lundin Mining'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.

Lundin Mining's Days Payable Distribution in the Metals & Mining Industry

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

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

Lundin Mining 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.

Lundin Mining'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
=	( (429.215	+	528.361)	/	2 )	/	3675.587	*	365
=	478.788					/	3675.587	*	365
=	47.55

Lundin Mining'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
=	( (478.268	+	528.361)	/	2 )	/	1168.658	*	365 / 4
=	503.3145					/	1168.658	*	365 / 4
=	39.30

Lundin Mining Days Payable Related Terms

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Lundin Mining (TSX:LUN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lundin Mining Corp (TSX:LUN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

LUNMF:USA LUMI:Sweden LUMIs:UK 0RQ9:UK GXD:Germany

Address

150 King Street West, Suite 2200, P.O. Box 38, Toronto, ON, CAN, M5H 1J9

Website

https://www.lundinmining.com

Lundin Mining Corp is a diversified Canadian base metals mining company with operations in Brazil, Chile, Portugal, Sweden, and the United States of America, producing copper, zinc, gold, and nickel. Its material mineral properties include Candelaria, Chapada, Eagle, and Neves-Corvo. Majority of the revenue is from Copper.

Lundin Mining (TSX:LUN) Headlines

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