CITIC Metal Co (SHSE:601061) Days Payable : 25.04 (As of Mar. 2024)

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What is CITIC Metal Co Days Payable?

CITIC Metal Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥7,243 Mil. CITIC Metal Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥26,390 Mil. Hence, CITIC Metal Co's Days Payable for the three months ended in Mar. 2024 was 25.04.

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

SHSE:601061' s Days Payable Range Over the Past 10 Years
Min: 19.99 Med: 27.37 Max: 40.04
Current: 19.99

During the past 6 years, CITIC Metal Co's highest Days Payable was 40.04. The lowest was 19.99. And the median was 27.37.

SHSE:601061's Days Payable is ranked worse than
92.22% of 1067 companies
in the Metals & Mining industry
Industry Median: 128.84 vs SHSE:601061: 19.99

CITIC Metal Co's Days Payable increased from Mar. 2023 (19.79) to Mar. 2024 (25.04). It may suggest that CITIC Metal Co delayed paying its suppliers.

CITIC Metal Co Days Payable Historical Data

The historical data trend for CITIC Metal 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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CITIC Metal Co Days Payable Chart

CITIC Metal Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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29.28

29.29

25.46

25.23

24.14

CITIC Metal Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial									19.79	16.06	20.49	24.66	25.04

Competitive Comparison of CITIC Metal Co's Days Payable

For the Other Industrial Metals & Mining subindustry, CITIC Metal 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.

CITIC Metal Co's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where CITIC Metal Co's Days Payable falls into.

CITIC Metal 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.

CITIC Metal 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
=	( (7594.379	+	8559.685)	/	2 )	/	122104.748	*	365
=	8077.032					/	122104.748	*	365
=	24.14

CITIC Metal 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
=	( (8559.685	+	5925.683)	/	2 )	/	26389.74	*	365 / 4
=	7242.684					/	26389.74	*	365 / 4
=	25.04

CITIC Metal Co Days Payable Related Terms

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CITIC Metal Co (SHSE:601061) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CITIC Metal Co Ltd (SHSE:601061) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 6 Xinyuan South Road, Room 1903, Jingcheng Building, Chaoyang District, Beijing, CHN, 100004

Website

http://www.metal.citic

CITIC Metal Co Ltd is engaged in the bulk trade business of metal minerals, the main trade products are niobium products, iron ore, non-ferrous metals, steel and so on.

CITIC Metal Co (SHSE:601061) Headlines

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