Southern Copper (BUE:SCCO) Days Payable : 41.45 (As of Dec. 2023)

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What is Southern Copper Days Payable?

Southern Copper's average Accounts Payable for the three months ended in Dec. 2023 was ARS226,016 Mil. Southern Copper's Cost of Goods Sold for the three months ended in Dec. 2023 was ARS497,566 Mil. Hence, Southern Copper's Days Payable for the three months ended in Dec. 2023 was 41.45.

The historical rank and industry rank for Southern Copper's Days Payable or its related term are showing as below:

BUE:SCCO' s Days Payable Range Over the Past 10 Years
Min: 41.88 Med: 55.44 Max: 63.35
Current: 42.33

During the past 13 years, Southern Copper's highest Days Payable was 63.35. The lowest was 41.88. And the median was 55.44.

BUE:SCCO's Days Payable is ranked worse than
78.4% of 1065 companies
in the Metals & Mining industry
Industry Median: 128.84 vs BUE:SCCO: 42.33

Southern Copper's Days Payable increased from Dec. 2022 (39.17) to Dec. 2023 (41.45). It may suggest that Southern Copper delayed paying its suppliers.

Southern Copper Days Payable Historical Data

The historical data trend for Southern Copper'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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Southern Copper Days Payable Chart

Southern Copper Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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42.72

40.11

41.58

33.99

31.67

Southern Copper 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															39.17	39.84	38.85	34.08	41.45

Competitive Comparison of Southern Copper's Days Payable

For the Copper subindustry, Southern Copper'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.

Southern Copper's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Southern Copper's Days Payable falls into.

Southern Copper 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.

Southern Copper'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
=	( (110246.637	+	235588.6)	/	2 )	/	1993189.302	*	365
=	172917.6185					/	1993189.302	*	365
=	31.67

Southern Copper'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
=	( (216444.081	+	235588.6)	/	2 )	/	497566.301	*	365 / 4
=	226016.3405					/	497566.301	*	365 / 4
=	41.45

Southern Copper Days Payable Related Terms

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Southern Copper (BUE:SCCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Southern Copper Corp (BUE:SCCO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SCCO:USA SCCO:Peru SCCO:Mexico PCU:Germany

Address

7310 North 16th Street, Suite 135, Phoenix, AZ, USA, 85020

Website

https://www.southerncoppercorp.com

Southern Copper Corp is an integrated producer of copper and other minerals and operates the mining, smelting, and refining facilities in Peru and Mexico. Its production includes copper, molybdenum, zinc, and silver. The company operates through the following segments: Peruvian operations, Mexican open-pit operations, and Mexican underground mining operations. Southern Copper generates the majority of its revenue from the sale of copper and the rest from the sale of non-copper products, such as molybdenum, silver, zinc, lead, and gold. Its geographical segments are The Americas, Europe, and Asia.