MMX Mineracao E Metalicos (MMX Mineracao E Metalicos) Days Payable : 0.00 (As of Mar. 2021)

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What is MMX Mineracao E Metalicos Days Payable?

MMX Mineracao E Metalicos's average Accounts Payable for the three months ended in Mar. 2021 was $9.79 Mil. MMX Mineracao E Metalicos's Cost of Goods Sold for the three months ended in Mar. 2021 was $0.00 Mil.

The historical rank and industry rank for MMX Mineracao E Metalicos's Days Payable or its related term are showing as below:

MMXXF's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 133.65
* Ranked among companies with meaningful Days Payable only.

MMX Mineracao E Metalicos's Days Payable declined from Mar. 2020 (18,584.87) to Mar. 2021 (0.00). It may suggest that MMX Mineracao E Metalicos accelerated paying its suppliers.

MMX Mineracao E Metalicos Days Payable Historical Data

The historical data trend for MMX Mineracao E Metalicos'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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MMX Mineracao E Metalicos Days Payable Chart

MMX Mineracao E Metalicos Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Payable

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1,101.57

34,682.60

5,834.94

11,301.15

76,181.23

MMX Mineracao E Metalicos Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Days Payable	Get a 7-Day Free Trial															18,584.87	-	-	-	-

Competitive Comparison of MMX Mineracao E Metalicos's Days Payable

For the Other Industrial Metals & Mining subindustry, MMX Mineracao E Metalicos'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.

MMX Mineracao E Metalicos's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where MMX Mineracao E Metalicos's Days Payable falls into.

MMX Mineracao E Metalicos 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.

MMX Mineracao E Metalicos's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

	Days Payable (A: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2019 )	+	Accounts Payable (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (11.137	+	10.152)	/	2 )	/	0.051	*	365
=	10.6445					/	0.051	*	365
=	76,181.23

MMX Mineracao E Metalicos's Days Payable for the quarter that ended in Mar. 2021 is calculated as:

	Days Payable (Q: Mar. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2020 )	+	Accounts Payable (Q: Mar. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2021 )	*	Days in Period
=	( (10.152	+	9.432)	/	2 )	/	0	*	365 / 4
=	9.792					/	0	*	365 / 4
=	N/A

MMX Mineracao E Metalicos Days Payable Related Terms

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MMX Mineracao E Metalicos (MMX Mineracao E Metalicos) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MMX Mineracao E Metalicos SA (GREY:MMXXF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Lauro Muller, 116 sala 1808, Botafogo Rio de Janeiro, Rio de Janeiro, RJ, BRA, 22290-160

Website

http://www.mmx.com.br

MMX Mineracao E Metalicos SA (MMX) is a Brazil-based company engaged in iron ore mining. The company has installed capacity to produce about 7 million metric tons of iron ore per year in its two systems, namely The Southeast System and the Corumba System. The Southeast System is formed by the Serra Azul and Bom Sucesso Units. It exploits the Tico-Tico and Ipe mines, located in the Serra Azul Region-in the iron mining area of Minas Gerais State. The company has also acquired the mining rights for the Pau de Vinho Mine. The iron ore produced by the Serra Azul Unit is sold to customers in Brazil and other countries.

MMX Mineracao E Metalicos (MMX Mineracao E Metalicos) Headlines

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