Mining and Metallurgical Company NORILSK NICKEL PJSC (FRA:NNIC) Days Payable : 39.20 (As of Dec. 2023)

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What is Mining and Metallurgical Company NORILSK NICKEL PJSC Days Payable?

Mining and Metallurgical Company NORILSK NICKEL PJSC's average Accounts Payable for the six months ended in Dec. 2023 was €696 Mil. Mining and Metallurgical Company NORILSK NICKEL PJSC's Cost of Goods Sold for the six months ended in Dec. 2023 was €3,239 Mil. Hence, Mining and Metallurgical Company NORILSK NICKEL PJSC's Days Payable for the six months ended in Dec. 2023 was 39.20.

The historical rank and industry rank for Mining and Metallurgical Company NORILSK NICKEL PJSC's Days Payable or its related term are showing as below:

FRA:NNIC' s Days Payable Range Over the Past 10 Years
Min: 13.16 Med: 24.15 Max: 42.2
Current: 33.05

During the past 13 years, Mining and Metallurgical Company NORILSK NICKEL PJSC's highest Days Payable was 42.20. The lowest was 13.16. And the median was 24.15.

FRA:NNIC's Days Payable is ranked worse than
83.05% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs FRA:NNIC: 33.05

Mining and Metallurgical Company NORILSK NICKEL PJSC's Days Payable declined from Dec. 2022 (69.64) to Dec. 2023 (39.20). It may suggest that Mining and Metallurgical Company NORILSK NICKEL PJSC accelerated paying its suppliers.

Mining and Metallurgical Company NORILSK NICKEL PJSC Days Payable Historical Data

The historical data trend for Mining and Metallurgical Company NORILSK NICKEL PJSC'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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Mining and Metallurgical Company NORILSK NICKEL PJSC Days Payable Chart

Mining and Metallurgical Company NORILSK NICKEL PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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27.27

27.21

20.84

26.48

27.31

Mining and Metallurgical Company NORILSK NICKEL PJSC 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															46.77	64.78	69.64	44.60	39.20

Competitive Comparison of Mining and Metallurgical Company NORILSK NICKEL PJSC's Days Payable

For the Other Industrial Metals & Mining subindustry, Mining and Metallurgical Company NORILSK NICKEL PJSC'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.

Mining and Metallurgical Company NORILSK NICKEL PJSC's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Mining and Metallurgical Company NORILSK NICKEL PJSC's Days Payable distribution charts can be found below:

* The bar in red indicates where Mining and Metallurgical Company NORILSK NICKEL PJSC's Days Payable falls into.

Mining and Metallurgical Company NORILSK NICKEL PJSC 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.

Mining and Metallurgical Company NORILSK NICKEL PJSC'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
=	( (579.616	+	386.974)	/	2 )	/	6458.431	*	365
=	483.295					/	6458.431	*	365
=	27.31

Mining and Metallurgical Company NORILSK NICKEL PJSC'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
=	( (1004.224	+	386.974)	/	2 )	/	3238.844	*	365 / 2
=	695.599					/	3238.844	*	365 / 2
=	39.20

Mining and Metallurgical Company NORILSK NICKEL PJSC Days Payable Related Terms

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Mining and Metallurgical Company NORILSK NICKEL PJSC (FRA:NNIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mining and Metallurgical Company NORILSK NICKEL PJSC (FRA:NNIC) » Definitions » Days Payable

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Traded in Other Exchanges

GMKN:Russia

Address

15, 1st Krasnogvardeysky Drive, Moscow, RUS, 123100

Website

https://www.nornickel.com

PJSC Mining & Metallurgical Co Norilsk Nickel is a metal and mining company engaged in activities such as exploration, extraction, refining of ore and nonmetallic minerals, and sale of base and precious minerals. The company is organized into seven operating business segments: GMK Group, South Cluster, KGMK Group, NN Harjavalta, GRK Bystrinskoye, other mining, and other nonmetallurgical. The majority of the company's revenue is derived from the GMK Group segment which includes mining, processing and other metallurgy operations, and sale of precious metals. More than half the company's consolidated revenue is earned from the sale of metals to customers in Europe.

Mining and Metallurgical Company NORILSK NICKEL PJSC (FRA:NNIC) Headlines

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