Inner Mongolia Dazhong Mining Co (SZSE:001203) Days Payable : 138.67 (As of Mar. 2024)

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What is Inner Mongolia Dazhong Mining Co Days Payable?

Inner Mongolia Dazhong Mining Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥605 Mil. Inner Mongolia Dazhong Mining Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥398 Mil. Hence, Inner Mongolia Dazhong Mining Co's Days Payable for the three months ended in Mar. 2024 was 138.67.

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

SZSE:001203' s Days Payable Range Over the Past 10 Years
Min: 65.88 Med: 172.78 Max: 393.32
Current: 93.72

During the past 12 years, Inner Mongolia Dazhong Mining Co's highest Days Payable was 393.32. The lowest was 65.88. And the median was 172.78.

SZSE:001203's Days Payable is ranked better than
83.02% of 583 companies
in the Steel industry
Industry Median: 41.52 vs SZSE:001203: 93.72

Inner Mongolia Dazhong Mining Co's Days Payable increased from Mar. 2023 (133.52) to Mar. 2024 (138.67). It may suggest that Inner Mongolia Dazhong Mining Co delayed paying its suppliers.

Inner Mongolia Dazhong Mining Co Days Payable Historical Data

The historical data trend for Inner Mongolia Dazhong Mining 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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Inner Mongolia Dazhong Mining Co Days Payable Chart

Inner Mongolia Dazhong Mining Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

115.05

148.39

65.88

66.55

97.20

Inner Mongolia Dazhong Mining Co Quarterly Data
	Dec17	Dec18	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															133.52	66.52	83.74	88.10	138.67

Competitive Comparison of Inner Mongolia Dazhong Mining Co's Days Payable

For the Steel subindustry, Inner Mongolia Dazhong Mining 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.

Inner Mongolia Dazhong Mining Co's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Inner Mongolia Dazhong Mining Co's Days Payable falls into.

Inner Mongolia Dazhong Mining 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.

Inner Mongolia Dazhong Mining 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
=	( (459.213	+	532.546)	/	2 )	/	1862.179	*	365
=	495.8795					/	1862.179	*	365
=	97.20

Inner Mongolia Dazhong Mining 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
=	( (532.546	+	676.673)	/	2 )	/	397.852	*	365 / 4
=	604.6095					/	397.852	*	365 / 4
=	138.67

Inner Mongolia Dazhong Mining Co Days Payable Related Terms

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Inner Mongolia Dazhong Mining Co (SZSE:001203) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Inner Mongolia Dazhong Mining Co Ltd (SZSE:001203) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Xiao Shetai Secretary Gou, Urad Front Banner, Inner Mongolia Autonomous Region, Bayannaoer, CHN, 014030

Website

http://www.dzky.cn

Inner Mongolia Dazhong Mining Co Ltd is involved in the ferrous metal mining and dressing industry, which is mainly engaged in iron ore mining and dressing, the production and sales of iron concentrate powder and pellets, and the processing and sales of machine-made sand and gravel. The main products are iron powder, pellets, and machine-made sand and gravel.

Executives

Lin Pu Zheng	Secretary Dong
Zhang Jie	Executives
Lin Pu Sheng	Directors, executives
Wu Jiang Hai	Executives

Inner Mongolia Dazhong Mining Co (SZSE:001203) Headlines

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