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Tongling Nonferrous Metals Group Co (SZSE:000630) Days Payable : 26.14 (As of Mar. 2024)


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What is Tongling Nonferrous Metals Group Co Days Payable?

Tongling Nonferrous Metals Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥8,595 Mil. Tongling Nonferrous Metals Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥29,997 Mil. Hence, Tongling Nonferrous Metals Group Co's Days Payable for the three months ended in Mar. 2024 was 26.14.

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

SZSE:000630' s Days Payable Range Over the Past 10 Years
Min: 22.82   Med: 28.87   Max: 34.18
Current: 23.79

During the past 13 years, Tongling Nonferrous Metals Group Co's highest Days Payable was 34.18. The lowest was 22.82. And the median was 28.87.

SZSE:000630's Days Payable is ranked worse than
89.7% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs SZSE:000630: 23.79

Tongling Nonferrous Metals Group Co's Days Payable increased from Mar. 2023 (23.14) to Mar. 2024 (26.14). It may suggest that Tongling Nonferrous Metals Group Co delayed paying its suppliers.


Tongling Nonferrous Metals Group Co Days Payable Historical Data

The historical data trend for Tongling Nonferrous Metals 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.

* Premium members only.

Tongling Nonferrous Metals Group Co Days Payable Chart

Tongling Nonferrous Metals Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.56 34.18 28.43 29.41 22.82

Tongling Nonferrous Metals 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.14 21.52 25.40 21.30 26.14

Competitive Comparison of Tongling Nonferrous Metals Group Co's Days Payable

For the Copper subindustry, Tongling Nonferrous Metals 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.


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

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

* The bar in red indicates where Tongling Nonferrous Metals Group Co's Days Payable falls into.



Tongling Nonferrous Metals 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.

Tongling Nonferrous Metals 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
=( (8574.105 + 7365.535) / 2 ) / 127479.265*365
=7969.82 / 127479.265*365
=22.82

Tongling Nonferrous Metals 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
=( (7365.535 + 9823.691) / 2 ) / 29996.7*365 / 4
=8594.613 / 29996.7*365 / 4
=26.14

* 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.


Tongling Nonferrous Metals Group Co Days Payable Related Terms

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Tongling Nonferrous Metals Group Co (SZSE:000630) Business Description

Traded in Other Exchanges
N/A
Address
Changjiang West Road, West Building, Nonferrous Courtyard, Anhui Province, Tongling, CHN, 244000
Tongling Nonferrous Metals Group Co Ltd is engaged in the business of copper exploration, mining, smelting and deep processing. Its product include cathode copper, gold, silver, and copper, Wire, copper strip and copper foil. The company operates in more than 30 countries. Its products are used in electric power, construction, automotive, home appliances, electronics, and defense.

Tongling Nonferrous Metals Group Co (SZSE:000630) Headlines

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