Chengtun Mining Group Co (SHSE:600711) Days Payable : 87.73 (As of Mar. 2024)

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What is Chengtun Mining Group Co Days Payable?

Chengtun Mining Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥4,888 Mil. Chengtun Mining Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,084 Mil. Hence, Chengtun Mining Group Co's Days Payable for the three months ended in Mar. 2024 was 87.73.

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

SHSE:600711' s Days Payable Range Over the Past 10 Years
Min: 12.88 Med: 28.3 Max: 86.71
Current: 86.71

During the past 13 years, Chengtun Mining Group Co's highest Days Payable was 86.71. The lowest was 12.88. And the median was 28.30.

SHSE:600711's Days Payable is ranked worse than
57.8% of 1071 companies
in the Metals & Mining industry
Industry Median: 130.91 vs SHSE:600711: 86.71

Chengtun Mining Group Co's Days Payable increased from Mar. 2023 (80.29) to Mar. 2024 (87.73). It may suggest that Chengtun Mining Group Co delayed paying its suppliers.

Chengtun Mining Group Co Days Payable Historical Data

The historical data trend for Chengtun Mining Group 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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Chengtun Mining Group Co Days Payable Chart

Chengtun Mining Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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34.38

38.25

36.35

72.57

82.87

Chengtun Mining Group 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															80.29	69.81	108.92	91.12	87.73

Competitive Comparison of Chengtun Mining Group Co's Days Payable

For the Other Industrial Metals & Mining subindustry, Chengtun Mining Group 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.

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

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

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

Chengtun Mining Group 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.

Chengtun Mining Group 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
=	( (4973.453	+	4908.653)	/	2 )	/	21761.553	*	365
=	4941.053					/	21761.553	*	365
=	82.87

Chengtun Mining Group 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
=	( (4908.653	+	4868.239)	/	2 )	/	5084.309	*	365 / 4
=	4888.446					/	5084.309	*	365 / 4
=	87.73

Chengtun Mining Group Co Days Payable Related Terms

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Chengtun Mining Group Co (SHSE:600711) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Chengtun Mining Group Co Ltd (SHSE:600711) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Hubin North Road, Zhongmin Building 9F, Unit 2, Xiamen, Fujian, CHN, 361012

Website

http://www.600711.com

Chengtun Mining Group Co Ltd conducts metal mining and operation businesses. It provides non-ferrous metal mining, minerals trading, and metal financial services. The company provides services for worldwide customers.

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