Western Mining Co (SHSE:601168) Days Payable : 28.83 (As of Mar. 2024)

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What is Western Mining Co Days Payable?

Western Mining Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,827 Mil. Western Mining Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥8,947 Mil. Hence, Western Mining Co's Days Payable for the three months ended in Mar. 2024 was 28.83.

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

SHSE:601168' s Days Payable Range Over the Past 10 Years
Min: 12.86 Med: 32.44 Max: 37.72
Current: 30.42

During the past 13 years, Western Mining Co's highest Days Payable was 37.72. The lowest was 12.86. And the median was 32.44.

SHSE:601168's Days Payable is ranked worse than
85.55% of 1066 companies
in the Metals & Mining industry
Industry Median: 130.44 vs SHSE:601168: 30.42

Western Mining Co's Days Payable declined from Mar. 2023 (31.66) to Mar. 2024 (28.83). It may suggest that Western Mining Co accelerated paying its suppliers.

Western Mining Co Days Payable Historical Data

The historical data trend for Western Mining Co'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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Western Mining Co Days Payable Chart

Western Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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29.55

36.60

33.27

37.72

35.01

Western Mining Co 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															31.66	28.62	35.77	29.63	28.83

Competitive Comparison of Western Mining Co's Days Payable

For the Other Industrial Metals & Mining subindustry, Western Mining Co'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.

Western Mining Co's Days Payable Distribution in the Metals & Mining Industry

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

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

Western Mining Co 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.

Western Mining Co'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
=	( (3805.945	+	2914.99)	/	2 )	/	35035.996	*	365
=	3360.4675					/	35035.996	*	365
=	35.01

Western Mining Co'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
=	( (2914.99	+	2739.261)	/	2 )	/	8947.452	*	365 / 4
=	2827.1255					/	8947.452	*	365 / 4
=	28.83

Western Mining Co Days Payable Related Terms

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Western Mining Co (SHSE:601168) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Mining Co Ltd (SHSE:601168) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.52, No.54 Avenue, Qinghai Province, Xining, CHN, 810001

Website

http://www.westmining.com

Western Mining Co Ltd is a mining company mainly engaged in the comprehensive development of mineral resources in the western region of China. The company's business operations include mining, smelting, and trading of basic non-ferrous metals and ferrous metals such as copper, lead, zinc, and iron. It is divided into four major trading sectors: mining, smelting, trade, and finance.

Western Mining Co (SHSE:601168) Headlines

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