Kinross Gold (Kinross Gold) Days Payable : 12.07 (As of Dec. 2023)

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What is Kinross Gold Days Payable?

Kinross Gold's average Accounts Payable for the three months ended in Dec. 2023 was $114 Mil. Kinross Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was $863 Mil. Hence, Kinross Gold's Days Payable for the three months ended in Dec. 2023 was 12.07.

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

KGC' s Days Payable Range Over the Past 10 Years
Min: 7.89 Med: 12.17 Max: 22.19
Current: 22.19

During the past 13 years, Kinross Gold's highest Days Payable was 22.19. The lowest was 7.89. And the median was 12.17.

KGC's Days Payable is ranked worse than
90.23% of 1065 companies
in the Metals & Mining industry
Industry Median: 128.84 vs KGC: 22.19

Kinross Gold's Days Payable increased from Dec. 2022 (9.57) to Dec. 2023 (12.07). It may suggest that Kinross Gold delayed paying its suppliers.

Kinross Gold Days Payable Historical Data

The historical data trend for Kinross Gold'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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Kinross Gold Days Payable Chart

Kinross Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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15.15

16.98

15.68

12.84

13.79

Kinross Gold 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															9.57	39.24	36.01	12.63	12.07

Competitive Comparison of Kinross Gold's Days Payable

For the Gold subindustry, Kinross Gold'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.

Kinross Gold's Days Payable Distribution in the Metals & Mining Industry

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

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

Kinross Gold 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.

Kinross Gold'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
=	( (119.1	+	113.7)	/	2 )	/	3080.1	*	365
=	116.4					/	3080.1	*	365
=	13.79

Kinross Gold'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
=	( (114.5	+	113.7)	/	2 )	/	862.6	*	365 / 4
=	114.1					/	862.6	*	365 / 4
=	12.07

Kinross Gold Days Payable Related Terms

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Kinross Gold (Kinross Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kinross Gold Corp (NYSE:KGC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0R2D:UK KIN2:Germany KIN2:Germany KIN2:Germany K:Canada KGC:Argentina

Address

25 York Street, 17th Floor, Toronto, ON, CAN, M5J 2V5

Website

https://www.kinross.com

Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2022. The company had about a decade of gold reserves at the end of 2022. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.