Nevsun Resources (Nevsun Resources) Days Payable : 94.55 (As of Sep. 2018)

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What is Nevsun Resources Days Payable?

Nevsun Resources's average Accounts Payable for the three months ended in Sep. 2018 was $76.9 Mil. Nevsun Resources's Cost of Goods Sold for the three months ended in Sep. 2018 was $74.3 Mil. Hence, Nevsun Resources's Days Payable for the three months ended in Sep. 2018 was 94.55.

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

NSU's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 129.525
* Ranked among companies with meaningful Days Payable only.

Nevsun Resources's Days Payable declined from Sep. 2017 (107.93) to Sep. 2018 (94.55). It may suggest that Nevsun Resources accelerated paying its suppliers.

Nevsun Resources Days Payable Historical Data

The historical data trend for Nevsun Resources'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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Nevsun Resources Days Payable Chart

Nevsun Resources Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Days Payable

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52.78

36.85

62.60

118.73

53.28

Nevsun Resources Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Days Payable	Get a 7-Day Free Trial															107.93	58.31	54.84	76.90	94.55

Competitive Comparison of Nevsun Resources's Days Payable

For the Other Industrial Metals & Mining subindustry, Nevsun Resources'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.

Nevsun Resources's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Nevsun Resources's Days Payable falls into.

Nevsun Resources 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.

Nevsun Resources's Days Payable for the fiscal year that ended in Dec. 2017 is calculated as

	Days Payable (A: Dec. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2016 )	+	Accounts Payable (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (39.415	+	38.288)	/	2 )	/	266.148	*	365
=	38.8515					/	266.148	*	365
=	53.28

Nevsun Resources's Days Payable for the quarter that ended in Sep. 2018 is calculated as:

	Days Payable (Q: Sep. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2018 )	+	Accounts Payable (Q: Sep. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2018 )	*	Days in Period
=	( (71.263	+	82.627)	/	2 )	/	74.258	*	365 / 4
=	76.945					/	74.258	*	365 / 4
=	94.55

Nevsun Resources Days Payable Related Terms

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Nevsun Resources (Nevsun Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevsun Resources Ltd (AMEX:NSU) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

1066 West Hastings Street, Suite 1750, Vancouver, BC, CAN, V6E 3X1

Website

http://www.nevsun.com

Nevsun Resources Ltd is involved in acquisition, exploration, development and operation of mineral property interests. The company primarily engages in copper and zinc production at Bisha, a large, high-grade volcanogenic massive sulphide deposit located 150km west of Asmara, Eritrea, East Africa. The company generates revenue through the sale of copper and zinc concentrates which contain gold and silver by-products. Bisha is mined using conventional drill and blast open pit mining techniques to remove waste and deliver ore to the run of mine stock pile. Nevsun Resources also operates a high-grade copper and gold Timok project, a high-grade deposit located in the Bor mining district, in Serbia.