Zijin Mining Group Co (Zijin Mining Group Co) Days Payable : 23.58 (As of Mar. 2024)

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What is Zijin Mining Group Co Days Payable?

Zijin Mining Group Co's average Accounts Payable for the three months ended in Mar. 2024 was $2,237 Mil. Zijin Mining Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $8,659 Mil. Hence, Zijin Mining Group Co's Days Payable for the three months ended in Mar. 2024 was 23.58.

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

ZIJMY' s Days Payable Range Over the Past 10 Years
Min: 13.65 Med: 19.48 Max: 32.89
Current: 22.33

During the past 13 years, Zijin Mining Group Co's highest Days Payable was 32.89. The lowest was 13.65. And the median was 19.48.

ZIJMY's Days Payable is ranked worse than
90.14% of 1065 companies
in the Metals & Mining industry
Industry Median: 128.84 vs ZIJMY: 22.33

Zijin Mining Group Co's Days Payable increased from Mar. 2023 (19.10) to Mar. 2024 (23.58). It may suggest that Zijin Mining Group Co delayed paying its suppliers.

Zijin Mining Group Co Days Payable Historical Data

The historical data trend for Zijin Mining 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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Zijin Mining Group Co Days Payable Chart

Zijin Mining Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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14.52

13.26

13.58

17.68

22.24

Zijin Mining 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															19.10	19.37	22.09	26.06	23.58

Competitive Comparison of Zijin Mining Group Co's Days Payable

For the Gold subindustry, Zijin Mining 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.

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

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

* The bar in red indicates where Zijin Mining Group Co's Days Payable falls into.

Zijin Mining 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.

Zijin Mining 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
=	( (1935.389	+	2280.644)	/	2 )	/	34596.239	*	365
=	2108.0165					/	34596.239	*	365
=	22.24

Zijin Mining 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
=	( (2280.644	+	2194.082)	/	2 )	/	8659.297	*	365 / 4
=	2237.363					/	8659.297	*	365 / 4
=	23.58

Zijin Mining Group Co Days Payable Related Terms

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Zijin Mining Group Co (Zijin Mining Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zijin Mining Group Co Ltd (OTCPK:ZIJMY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ZIJMF:USA 02899:Hong Kong FJZ:Germany FJZ:Germany 601899:China

Address

No.1 Zijin Road, Zijin Tower, Fujian Province, Shanghang County, Longyan, CHN, 364200

Website

https://www.zjky.cn

Zijin Mining Group Co Ltd is focusing on the exploration and development of gold and copper and other metal mineral resources. The company's operating segment includes Gold bullion; Processed, refined, and trading gold; Gold concentrates; Electrolytic copper & electrodeposited copper; Refined copper; Copper concentrates; Other concentrates; Zinc bullion, Environmental protection, trading, and others. It generates maximum revenue from the Processed, refined & trading gold segment. The Processed, refined, and trading gold segment is engaged in the production of gold bullion by processing gold concentrates produced by the group or purchased from external suppliers and gold bullion in the business of physical gold trading. Geographically, the majority is derived from Mainland China.

Zijin Mining Group Co (Zijin Mining Group Co) Headlines

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