Global Ferronickel Holdings (PHS:FNI) Days Payable : 47.66 (As of Mar. 2024)

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What is Global Ferronickel Holdings Days Payable?

Global Ferronickel Holdings's average Accounts Payable for the three months ended in Mar. 2024 was ₱162 Mil. Global Ferronickel Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was ₱310 Mil. Hence, Global Ferronickel Holdings's Days Payable for the three months ended in Mar. 2024 was 47.66.

The historical rank and industry rank for Global Ferronickel Holdings's Days Payable or its related term are showing as below:

PHS:FNI' s Days Payable Range Over the Past 10 Years
Min: 20.75 Med: 32.2 Max: 63.01
Current: 26.05

During the past 13 years, Global Ferronickel Holdings's highest Days Payable was 63.01. The lowest was 20.75. And the median was 32.20.

PHS:FNI's Days Payable is ranked worse than
88.39% of 1068 companies
in the Metals & Mining industry
Industry Median: 135.555 vs PHS:FNI: 26.05

Global Ferronickel Holdings's Days Payable declined from Mar. 2023 (79.25) to Mar. 2024 (47.66). It may suggest that Global Ferronickel Holdings accelerated paying its suppliers.

Global Ferronickel Holdings Days Payable Historical Data

The historical data trend for Global Ferronickel Holdings'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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Global Ferronickel Holdings Days Payable Chart

Global Ferronickel Holdings Annual Data

Trend

Jun14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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29.66

28.27

20.75

37.90

29.80

Global Ferronickel Holdings 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															79.25	23.05	25.37	40.02	47.66

Competitive Comparison of Global Ferronickel Holdings's Days Payable

For the Other Industrial Metals & Mining subindustry, Global Ferronickel Holdings'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.

Global Ferronickel Holdings's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Global Ferronickel Holdings's Days Payable falls into.

Global Ferronickel Holdings 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.

Global Ferronickel Holdings'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
=	( (337.698	+	248.879)	/	2 )	/	3592.361	*	365
=	293.2885					/	3592.361	*	365
=	29.80

Global Ferronickel Holdings'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
=	( (248.879	+	74.728)	/	2 )	/	309.803	*	365 / 4
=	161.8035					/	309.803	*	365 / 4
=	47.66

Global Ferronickel Holdings Days Payable Related Terms

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Global Ferronickel Holdings (PHS:FNI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Global Ferronickel Holdings Inc (PHS:FNI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Asean Avenue corner Fuentes Street, Penthouse, Platinum Tower, Metro Manila, Paranaque, PHL, 1701

Website

https://www.gfni.com.ph

Global Ferronickel Holdings Inc is a nickel producer in the Philippines and a supplier of nickel ore. The company has an extensive portfolio of exploration sites and exploration programs. Its operating segment includes Mining; Manufacturing and Services. The company generates maximum revenue from the Mining segment. Mining segment, which is engaged in the mining and exploration of nickel saprolite and limonite ore. Geographically, it operates in the Philippines and Hong Kong.