Ivanhoe Mines (TSX:IVN) Days Payable : 951.76 (As of Mar. 2024)

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What is Ivanhoe Mines Days Payable?

Ivanhoe Mines's average Accounts Payable for the three months ended in Mar. 2024 was C$125.66 Mil. Ivanhoe Mines's Cost of Goods Sold for the three months ended in Mar. 2024 was C$12.05 Mil. Hence, Ivanhoe Mines's Days Payable for the three months ended in Mar. 2024 was 951.76.

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

TSX:IVN' s Days Payable Range Over the Past 10 Years
Min: 51.29 Med: 162.24 Max: 1248.61
Current: 928.77

During the past 13 years, Ivanhoe Mines's highest Days Payable was 1248.61. The lowest was 51.29. And the median was 162.24.

TSX:IVN's Days Payable is ranked better than
67.1% of 1067 companies
in the Metals & Mining industry
Industry Median: 128.84 vs TSX:IVN: 928.77

Ivanhoe Mines's Days Payable declined from Mar. 2023 (1,345.62) to Mar. 2024 (951.76). It may suggest that Ivanhoe Mines accelerated paying its suppliers.

Ivanhoe Mines Days Payable Historical Data

The historical data trend for Ivanhoe Mines'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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Ivanhoe Mines Days Payable Chart

Ivanhoe Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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710.28

157.20

139.84

424.12

1,248.61

Ivanhoe Mines 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															1,345.62	1,019.06	929.39	911.11	951.76

Competitive Comparison of Ivanhoe Mines's Days Payable

For the Other Industrial Metals & Mining subindustry, Ivanhoe Mines'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.

Ivanhoe Mines's Days Payable Distribution in the Metals & Mining Industry

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

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

Ivanhoe Mines 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.

Ivanhoe Mines'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
=	( (77.918	+	130.049)	/	2 )	/	30.397	*	365
=	103.9835					/	30.397	*	365
=	1,248.61

Ivanhoe Mines'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
=	( (130.049	+	121.277)	/	2 )	/	12.048	*	365 / 4
=	125.663					/	12.048	*	365 / 4
=	951.76

Ivanhoe Mines Days Payable Related Terms

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Ivanhoe Mines (TSX:IVN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ivanhoe Mines Ltd (TSX:IVN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

IVPAF:USA IYAA:Germany

Address

999 Canada Place, Suite 606, Vancouver, BC, CAN, V6C 3E1

Website

https://www.ivanhoemines.com

Ivanhoe Mines Ltd is a diversified mining company focused on advancing its three principal projects in Southern Africa; the expansion of the Kamoa-Kakula Copper Complex in the DRC, the construction of the tier-one Platreef palladium-rhodium-platinum-nickel-copper-gold project in South Africa; and the restart of the historic ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the DRC. It is also exploring for new copper discoveries across its circa 2,400km2 of 90-100% owned exploration licences in the Western Foreland, located adjacent to the Kamoa-Kakula Copper Complex.

Ivanhoe Mines (TSX:IVN) Headlines

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