China Nonferrous Mining (HKSE:01258) Days Payable : 67.08 (As of Dec. 2023)

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What is China Nonferrous Mining Days Payable?

China Nonferrous Mining's average Accounts Payable for the six months ended in Dec. 2023 was HK$4,038 Mil. China Nonferrous Mining's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$10,985 Mil. Hence, China Nonferrous Mining's Days Payable for the six months ended in Dec. 2023 was 67.08.

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

HKSE:01258' s Days Payable Range Over the Past 10 Years
Min: 44.93 Med: 63.03 Max: 72.56
Current: 70.66

During the past 13 years, China Nonferrous Mining's highest Days Payable was 72.56. The lowest was 44.93. And the median was 63.03.

HKSE:01258's Days Payable is ranked worse than
63.2% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs HKSE:01258: 70.66

China Nonferrous Mining's Days Payable increased from Dec. 2022 (58.75) to Dec. 2023 (67.08). It may suggest that China Nonferrous Mining delayed paying its suppliers.

China Nonferrous Mining Days Payable Historical Data

The historical data trend for China Nonferrous 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.

* Premium members only.

China Nonferrous Mining Days Payable Chart

China Nonferrous Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

61.97

64.85

62.37

63.68

72.56

China Nonferrous Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															77.37	58.05	58.75	72.60	67.08

Competitive Comparison of China Nonferrous Mining's Days Payable

For the Copper subindustry, China Nonferrous 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.

China Nonferrous Mining's Days Payable Distribution in the Metals & Mining Industry

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

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

China Nonferrous 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.

China Nonferrous 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
=	( (4319.83	+	4153.712)	/	2 )	/	21312.656	*	365
=	4236.771					/	21312.656	*	365
=	72.56

China Nonferrous 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3921.826	+	4153.712)	/	2 )	/	10985.022	*	365 / 2
=	4037.769					/	10985.022	*	365 / 2
=	67.08

China Nonferrous Mining Days Payable Related Terms

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China Nonferrous Mining (HKSE:01258) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Nonferrous Mining Corp Ltd (HKSE:01258) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

3N4:Germany

Address

32 Enos Chomba Road, Kitwe, ZMB

Website

https://www.cnmcl.net

China Nonferrous Mining Corp Ltd is engaged in the exploration, mining, ore processing, leaching, smelting of copper and cobalt, and sale of copper cathodes, blister copper, and copper anodes, copper-cobalt alloy, cobaltous hydroxide, and sulfuric acid. Its operating segments are Leaching and Smelting. The majority of the company's revenue is derived from the Smelting segment. The smelting segment includes the production and sale of blister and copper anodes. Geographically, it derives a majority of revenue from Mainland China.

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