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
89.61% of 1068 companies
in the Metals & Mining industry
Industry Median: 135.555 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.

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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

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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															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

Tongling Nonferrous Metals Group Co Days Payable Related Terms

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

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tongling Nonferrous Metals Group Co Ltd (SZSE:000630) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Changjiang West Road, West Building, Nonferrous Courtyard, Anhui Province, Tongling, CHN, 244000

Website

http://www.tlys.cn

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.

Executives

Jiang Pei Jin	Directors, executives
Wu He Ping	Secretary, Director
Liu Dao Kun	Executives
Zhou Jun	Director
Zou Xian Ji	Supervisors
Xu Wu Qi	Director
Yang Li Sheng	Executives
Fang Wen Sheng	Executives
Dai Sheng Hong	Supervisors
Liu Jian She	Executives
Song Xiu Ming	Executives
Wei Jiang Hong	Director
Yang Jun	Directors, executives
Zhan De Guang	Executives
Wu Guo Zhong	Director

Tongling Nonferrous Metals Group Co (SZSE:000630) Headlines

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