First Majestic Silver (First Majestic Silver) Days Payable : 33.97 (As of Dec. 2023)

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What is First Majestic Silver Days Payable?

First Majestic Silver's average Accounts Payable for the three months ended in Dec. 2023 was $44.6 Mil. First Majestic Silver's Cost of Goods Sold for the three months ended in Dec. 2023 was $119.8 Mil. Hence, First Majestic Silver's Days Payable for the three months ended in Dec. 2023 was 33.97.

The historical rank and industry rank for First Majestic Silver's Days Payable or its related term are showing as below:

AG' s Days Payable Range Over the Past 10 Years
Min: 34.12 Med: 42.92 Max: 60.84
Current: 38.29

During the past 13 years, First Majestic Silver's highest Days Payable was 60.84. The lowest was 34.12. And the median was 42.92.

AG's Days Payable is ranked worse than
79.62% of 1065 companies
in the Metals & Mining industry
Industry Median: 128.84 vs AG: 38.29

First Majestic Silver's Days Payable declined from Dec. 2022 (40.97) to Dec. 2023 (33.97). It may suggest that First Majestic Silver accelerated paying its suppliers.

First Majestic Silver Days Payable Historical Data

The historical data trend for First Majestic Silver'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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First Majestic Silver Days Payable Chart

First Majestic Silver Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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43.70

60.13

45.96

42.94

39.52

First Majestic Silver Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															40.97	39.11	39.97	37.60	33.97

Competitive Comparison of First Majestic Silver's Days Payable

For the Silver subindustry, First Majestic Silver'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.

First Majestic Silver's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where First Majestic Silver's Days Payable falls into.

First Majestic Silver 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.

First Majestic Silver'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
=	( (71.094	+	48.165)	/	2 )	/	550.743	*	365
=	59.6295					/	550.743	*	365
=	39.52

First Majestic Silver'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (41.003	+	48.165)	/	2 )	/	119.775	*	365 / 4
=	44.584					/	119.775	*	365 / 4
=	33.97

First Majestic Silver Days Payable Related Terms

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First Majestic Silver (First Majestic Silver) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Majestic Silver Corp (NYSE:AG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0QYC:UK FMV:Germany FMV:Germany FMV:Germany FMV:Germany FR:Canada

Address

925 West Georgia Street, Suite 1800, Vancouver, BC, CAN, V6C 3L2

Website

https://www.firstmajestic.com

First Majestic Silver Corp is engaged in the production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. It owns four producing mines, three mines in Mexico consisting of the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine and the Jerritt Canyon Gold Mine in Nevada.

Executives

Vinita Lee Piper

10 percent owner

712 WILCREST, SUITE 3020, HOUSTON TX 77042