Sierra Metals (TSX:SMT) Days Payable : 77.85 (As of Dec. 2023)

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What is Sierra Metals Days Payable?

Sierra Metals's average Accounts Payable for the three months ended in Dec. 2023 was C$55.2 Mil. Sierra Metals's Cost of Goods Sold for the three months ended in Dec. 2023 was C$64.7 Mil. Hence, Sierra Metals's Days Payable for the three months ended in Dec. 2023 was 77.85.

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

TSX:SMT' s Days Payable Range Over the Past 10 Years
Min: 37.3 Med: 50.75 Max: 82.8
Current: 76.65

During the past 13 years, Sierra Metals's highest Days Payable was 82.80. The lowest was 37.30. And the median was 50.75.

TSX:SMT's Days Payable is ranked worse than
60.07% of 1067 companies
in the Metals & Mining industry
Industry Median: 128.84 vs TSX:SMT: 76.65

Sierra Metals's Days Payable declined from Dec. 2022 (97.76) to Dec. 2023 (77.85). It may suggest that Sierra Metals accelerated paying its suppliers.

Sierra Metals Days Payable Historical Data

The historical data trend for Sierra Metals'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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Sierra Metals Days Payable Chart

Sierra Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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59.23

53.24

43.42

74.82

82.80

Sierra Metals 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															97.76	79.30	71.49	77.97	77.85

Competitive Comparison of Sierra Metals's Days Payable

For the Other Industrial Metals & Mining subindustry, Sierra Metals'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.

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

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

* The bar in red indicates where Sierra Metals's Days Payable falls into.

Sierra Metals 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.

Sierra Metals'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
=	( (53.153	+	55.01)	/	2 )	/	238.412	*	365
=	54.0815					/	238.412	*	365
=	82.80

Sierra Metals'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
=	( (55.324	+	55.01)	/	2 )	/	64.664	*	365 / 4
=	55.167					/	64.664	*	365 / 4
=	77.85

Sierra Metals Days Payable Related Terms

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Sierra Metals (TSX:SMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sierra Metals Inc (TSX:SMT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SMTSF:USA DFXN:Germany

Address

77 King Street West, Suite 400, Toronto, ON, CAN, M5K 0A1

Website

https://www.sierrametals.com

Sierra Metals Inc is a precious and base metals producer in Peru and Mexico. The company acquires, explores, extracts, and produces mineral concentrates consisting of silver, copper, lead, zinc and gold. Sierra has interests in the Yauricocha Mine in Peru, and the Bolivar and Cusi Mines, Mexico. The majority of the revenue comes from selling the mineral concentrates to its customers in Peru.

Executives

J. Alberto Arias

Director or Senior Officer of 10% Security Holder

Sierra Metals (TSX:SMT) Headlines

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