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Bindura Nickel (XZIM:BIND.ZW) Days Payable : 59.78 (As of Mar. 2023)


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What is Bindura Nickel Days Payable?

Bindura Nickel's average Accounts Payable for the six months ended in Mar. 2023 was ZWL3,067 Mil. Bindura Nickel's Cost of Goods Sold for the six months ended in Mar. 2023 was ZWL9,363 Mil. Hence, Bindura Nickel's Days Payable for the six months ended in Mar. 2023 was 59.78.

The historical rank and industry rank for Bindura Nickel's Days Payable or its related term are showing as below:

XZIM:BIND.ZW' s Days Payable Range Over the Past 10 Years
Min: 48.22   Med: 69.91   Max: 179.27
Current: 60.5

During the past 6 years, Bindura Nickel's highest Days Payable was 179.27. The lowest was 48.22. And the median was 69.91.

XZIM:BIND.ZW's Days Payable is not ranked
in the Metals & Mining industry.
Industry Median: 136.005 vs XZIM:BIND.ZW: 60.50

Bindura Nickel's Days Payable declined from Mar. 2022 (70.38) to Mar. 2023 (59.78). It may suggest that Bindura Nickel accelerated paying its suppliers.


Bindura Nickel Days Payable Historical Data

The historical data trend for Bindura Nickel'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.

Bindura Nickel Days Payable Chart

Bindura Nickel Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Payable
Get a 7-Day Free Trial 99.61 48.22 60.83 74.55 65.26

Bindura Nickel Semi-Annual Data
Sep13 Sep14 Sep15 Sep16 Mar18 Mar19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 65.03 73.19 70.38 56.59 59.78

Competitive Comparison of Bindura Nickel's Days Payable

For the Other Industrial Metals & Mining subindustry, Bindura Nickel'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.


Bindura Nickel's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Bindura Nickel's Days Payable falls into.



Bindura Nickel 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.

Bindura Nickel's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

Days Payable (A: Mar. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2022 ) + Accounts Payable (A: Mar. 2023 )) / count ) / Cost of Goods Sold (A: Mar. 2023 )*Days in Period
=( (3558.416 + 3411.262) / 2 ) / 19490.305*365
=3484.839 / 19490.305*365
=65.26

Bindura Nickel's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

Days Payable (Q: Mar. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2022 ) + Accounts Payable (Q: Mar. 2023 )) / count ) / Cost of Goods Sold (Q: Mar. 2023 )*Days in Period
=( (2722.183 + 3411.262) / 2 ) / 9362.778*365 / 2
=3066.7225 / 9362.778*365 / 2
=59.78

* 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.


Bindura Nickel Days Payable Related Terms

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Bindura Nickel (XZIM:BIND.ZW) Business Description

Traded in Other Exchanges
N/A
Address
Trojan Mine Road, Trojan Nickel Mine, P.O Box 35, Bindura, ZWE
Bindura Nickel Corp Ltd is a mining company. It is engaged in the mining and extraction of nickel and its by-products (copper and cobalt). Its product is nickel in concentrate which contains nickel sulphide.

Bindura Nickel (XZIM:BIND.ZW) Headlines

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