Mongolian Mining (Mongolian Mining) Days Payable

: 65.14 (As of Jun. 2023)

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Mongolian Mining's average Accounts Payable for the six months ended in Jun. 2023 was $104 Mil. Mongolian Mining's Cost of Goods Sold for the six months ended in Jun. 2023 was $292 Mil. Hence, Mongolian Mining's Days Payable for the six months ended in Jun. 2023 was 65.14.

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

MOGLF' s Days Payable Range Over the Past 10 Years
Min: 56.73 Med: 141.02 Max: 267.18
Current: 56.73

During the past 13 years, Mongolian Mining's highest Days Payable was 267.18. The lowest was 56.73. And the median was 141.02.

MOGLF's Days Payable is ranked better than
61.39% of 588 companies
in the Steel industry
Industry Median: 39.59 vs MOGLF: 56.73

Mongolian Mining's Days Payable declined from Jun. 2022 (158.59) to Jun. 2023 (65.14). It may suggest that Mongolian Mining accelerated paying its suppliers.

Mongolian Mining Days Payable Historical Data

The historical data trend for Mongolian Mining'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.

Mongolian Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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131.20

140.93

267.84

99.27

53.18

Mongolian Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															268.71	158.59	51.23	65.14	52.35

Competitive Comparison

For the Coking Coal subindustry, Mongolian Mining'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.

Mongolian Mining Days Payable Distribution

For the Steel industry and Basic Materials sector, Mongolian Mining's Days Payable distribution charts can be found below:

* The bar in red indicates where Mongolian Mining's Days Payable falls into.

Mongolian Mining 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.

Mongolian Mining's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (141.395	+	103.987)	/	2 )	/	451.131	*	365
=	122.691					/	451.131	*	365
=	99.27

Mongolian Mining's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (103.987	+	104.17)	/	2 )	/	291.597	*	365 / 2
=	104.0785					/	291.597	*	365 / 2
=	65.14

Mongolian Mining Days Payable Related Terms

Thank you for viewing the detailed overview of Mongolian Mining's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Mongolian Mining (Mongolian Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mongolian Mining Corp (OTCPK:MOGLF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

00975:Hong Kong 29X2:Germany

Address

Central Tower, 16th Floor, Sukhbaatar District, Ulaanbaatar, MNG, 14200

Website

https://www.mmc.mn

Mongolian Mining Corp, together with its subsidiaries, engages in the mining, processing, transportation, and sale of coal products in Mongolia. The company owns and operates the Ukhaa Khudag and the Baruun Naran open-pit coking coal mines located in the Umnugobi aimag, Mongolia. The company generates revenue from the sale of Washed hard-coking coal, Washed semi-soft coking coal, Washed thermal coal, and Raw thermal coal. The majority of the revenue is generated from the sale of Washed hard-coking coal. China accounts for the majority of the sale of its products.

Mongolian Mining (Mongolian Mining) Headlines

From GuruFocus

Mongolian Mining Corp.: A High-Profit-Margin Play with Room to Grow

By Yiannis Mostrous Yiannis Mostrous • 03-09-2012