CITIC Resources Holdings (HKSE:01205) Days Payable : 24.97 (As of Dec. 2023)

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What is CITIC Resources Holdings Days Payable?

CITIC Resources Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$165 Mil. CITIC Resources Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,208 Mil. Hence, CITIC Resources Holdings's Days Payable for the six months ended in Dec. 2023 was 24.97.

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

HKSE:01205' s Days Payable Range Over the Past 10 Years
Min: 10.99 Med: 17.38 Max: 49.36
Current: 18.85

During the past 13 years, CITIC Resources Holdings's highest Days Payable was 49.36. The lowest was 10.99. And the median was 17.38.

HKSE:01205's Days Payable is ranked worse than
92.86% of 1064 companies
in the Metals & Mining industry
Industry Median: 130.44 vs HKSE:01205: 18.85

CITIC Resources Holdings's Days Payable increased from Dec. 2022 (10.67) to Dec. 2023 (24.97). It may suggest that CITIC Resources Holdings delayed paying its suppliers.

CITIC Resources Holdings Days Payable Historical Data

The historical data trend for CITIC Resources Holdings'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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CITIC Resources Holdings Days Payable Chart

CITIC Resources Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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17.60

16.82

14.41

10.99

22.59

CITIC Resources Holdings 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															10.92	10.39	10.67	11.01	24.97

Competitive Comparison of CITIC Resources Holdings's Days Payable

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

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

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

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

CITIC Resources Holdings 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.

CITIC Resources Holdings'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
=	( (106.899	+	242.729)	/	2 )	/	2824.203	*	365
=	174.814					/	2824.203	*	365
=	22.59

CITIC Resources Holdings's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (88.024	+	242.729)	/	2 )	/	1208.482	*	365 / 2
=	165.3765					/	1208.482	*	365 / 2
=	24.97

CITIC Resources Holdings Days Payable Related Terms

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CITIC Resources Holdings (HKSE:01205) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CITIC Resources Holdings Ltd (HKSE:01205) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CTJHY:USA CTJHF:USA CZR:Germany

Address

1 Austin Road West, International Commerce Centre, Suites 6701-02 & 08B, 67th Floor, Kowloon, Hong Kong, HKG

Website

http://www.resources.citic

CITIC Resources Holdings Ltd is a provider of strategic natural resources and key commodities. Its activities are the export of commodity products including aluminum ingots, coal, iron ore, alumina, and copper; and the import of other commodity products and manufactured goods including steel, vehicle, and industrial batteries. It has four operating segments; the aluminum smelting segment comprises the operation of the PAS which sources alumina and produces aluminum ingots, the coal segment comprises the operation of coal mines and the sale of coal, the import and export of commodities segment comprises the import of other commodity products and manufactured goods such as steel, and the crude oil segment comprises the operation of oilfields and the sale of crude oil.

CITIC Resources Holdings (HKSE:01205) Headlines

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