Lingbao Gold Group Company (HKSE:03330) Days Payable : 15.93 (As of Dec. 2023)

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What is Lingbao Gold Group Company Days Payable?

Lingbao Gold Group Company's average Accounts Payable for the six months ended in Dec. 2023 was HK$389 Mil. Lingbao Gold Group Company's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$4,463 Mil. Hence, Lingbao Gold Group Company's Days Payable for the six months ended in Dec. 2023 was 15.93.

The historical rank and industry rank for Lingbao Gold Group Company's Days Payable or its related term are showing as below:

HKSE:03330' s Days Payable Range Over the Past 10 Years
Min: 12.41 Med: 32.98 Max: 65.42
Current: 12.41

During the past 13 years, Lingbao Gold Group Company's highest Days Payable was 65.42. The lowest was 12.41. And the median was 32.98.

HKSE:03330's Days Payable is ranked worse than
95.99% of 1071 companies
in the Metals & Mining industry
Industry Median: 130.91 vs HKSE:03330: 12.41

Lingbao Gold Group Company's Days Payable increased from Dec. 2022 (10.41) to Dec. 2023 (15.93). It may suggest that Lingbao Gold Group Company delayed paying its suppliers.

Lingbao Gold Group Company Days Payable Historical Data

The historical data trend for Lingbao Gold Group Company'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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Lingbao Gold Group Company Days Payable Chart

Lingbao Gold Group Company Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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25.65

32.10

37.89

13.62

13.46

Lingbao Gold Group Company 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															29.50	21.29	10.41	8.89	15.93

Competitive Comparison of Lingbao Gold Group Company's Days Payable

For the Gold subindustry, Lingbao Gold Group Company'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.

Lingbao Gold Group Company's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Lingbao Gold Group Company's Days Payable falls into.

Lingbao Gold Group Company 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.

Lingbao Gold Group Company'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
=	( (288.327	+	482.9)	/	2 )	/	10460.661	*	365
=	385.6135					/	10460.661	*	365
=	13.46

Lingbao Gold Group Company'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
=	( (296.061	+	482.9)	/	2 )	/	4463.245	*	365 / 2
=	389.4805					/	4463.245	*	365 / 2
=	15.93

Lingbao Gold Group Company Days Payable Related Terms

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Lingbao Gold Group Company (HKSE:03330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lingbao Gold Group Company Ltd (HKSE:03330) » Definitions » Days Payable

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LI9:Germany

Address

77 Leighton Road, Room 1104, 11th Floor, Leighton Centre, Causeway Bay, Hong Kong, HKG

Website

https://www.lbgold.com

Lingbao Gold Group Company Ltd is engaged in mining, processing, smelting, and selling of gold and other metallic products in the People's Republic of China (PRC). The company operates in four segments: Mining in PRC, Mining in KR (Kyrgyz Republic), Smelting and Retailing. The vast majority of its revenue comes from the smelting segment, which includes gold and other metal smelting and refinery operations in PRC. The company generates revenue from selling Gold bullion, Silver, Copper products, Sulphuric acid, and Gold concentrates.

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