Fresnillo (Fresnillo) Days Payable : 29.39 (As of Dec. 2023)

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What is Fresnillo Days Payable?

Fresnillo's average Accounts Payable for the six months ended in Dec. 2023 was $184 Mil. Fresnillo's Cost of Goods Sold for the six months ended in Dec. 2023 was $1,141 Mil. Hence, Fresnillo's Days Payable for the six months ended in Dec. 2023 was 29.39.

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

FNLPF' s Days Payable Range Over the Past 10 Years
Min: 20.09 Med: 22.75 Max: 28.37
Current: 28.37

During the past 13 years, Fresnillo's highest Days Payable was 28.37. The lowest was 20.09. And the median was 22.75.

FNLPF's Days Payable is ranked worse than
86.01% of 1065 companies
in the Metals & Mining industry
Industry Median: 129.97 vs FNLPF: 28.37

Fresnillo's Days Payable declined from Dec. 2022 (39.32) to Dec. 2023 (29.39). It may suggest that Fresnillo accelerated paying its suppliers.

Fresnillo Days Payable Historical Data

The historical data trend for Fresnillo'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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Fresnillo Days Payable Chart

Fresnillo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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21.90

22.84

22.43

26.02

21.42

Fresnillo 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															47.26	43.15	39.32	33.53	29.39

Competitive Comparison of Fresnillo's Days Payable

For the Other Precious Metals & Mining subindustry, Fresnillo'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.

Fresnillo's Days Payable Distribution in the Metals & Mining Industry

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

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

Fresnillo 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.

Fresnillo'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
=	( (140.297	+	118.11)	/	2 )	/	2201.848	*	365
=	129.2035					/	2201.848	*	365
=	21.42

Fresnillo'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
=	( (249.479	+	118.11)	/	2 )	/	1141.201	*	365 / 2
=	183.7945					/	1141.201	*	365 / 2
=	29.39

Fresnillo Days Payable Related Terms

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Fresnillo (Fresnillo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fresnillo PLC (OTCPK:FNLPF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FRES:Mexico FRESl:UK FRES:UK FNL:Germany

Address

Calzada Legaria No. 549, Torre 2, Piso 11, Delegacion Miguel Hidalgo, Mexico, DF, MEX, 11250

Website

http://www.fresnilloplc.com

Fresnillo PLC is a silver mining company and the largest gold producer. The group has seven reportable operating segments, which are represented by six producing mines. The Fresnillo, Juanicipio and Saucito mines are located in the state of Zacatecas and are some of the world's largest underground silver mines. The Cirnega mine, located in the state of Durango, an underground gold mine. The San Julian mine, located on the border of Durango states, which is an underground silver-gold mine. The Herradura, Soledad-Dipolos, and Noche Buena are all open pit gold mines, located in the state of Sonora. Herradura and Saucito combined account for more than half of group revenue.