Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Days Payable : 42.85 (As of Dec. 2023)

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What is Sociedad Minera Cerro VerdeA Days Payable?

Sociedad Minera Cerro VerdeA's average Accounts Payable for the six months ended in Dec. 2023 was $300 Mil. Sociedad Minera Cerro VerdeA's Cost of Goods Sold for the six months ended in Dec. 2023 was $2,556 Mil. Hence, Sociedad Minera Cerro VerdeA's Days Payable for the six months ended in Dec. 2023 was 21.42.

The historical rank and industry rank for Sociedad Minera Cerro VerdeA's Days Payable or its related term are showing as below:

LIM:CVERDEC1' s Days Payable Range Over the Past 10 Years
Min: 27.23 Med: 42.22 Max: 77.22
Current: 42.85

During the past 10 years, Sociedad Minera Cerro VerdeA's highest Days Payable was 77.22. The lowest was 27.23. And the median was 42.22.

LIM:CVERDEC1's Days Payable is ranked worse than
77.75% of 1065 companies
in the Metals & Mining industry
Industry Median: 129.97 vs LIM:CVERDEC1: 42.85

Sociedad Minera Cerro VerdeA's Days Payable increased from Dec. 2021 (37.48) to Dec. 2023 (42.85). It may suggest that Sociedad Minera Cerro VerdeA delayed paying its suppliers.

Sociedad Minera Cerro VerdeA Days Payable Historical Data

The historical data trend for Sociedad Minera Cerro VerdeA'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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Sociedad Minera Cerro VerdeA Days Payable Chart

Sociedad Minera Cerro VerdeA Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

27.23

46.45

37.48

42.72

42.85

Sociedad Minera Cerro VerdeA Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec19	Dec20	Dec21	Dec22	Dec23
Days Payable	Get a 7-Day Free Trial					27.23	46.45	37.48	42.72	42.85

Competitive Comparison of Sociedad Minera Cerro VerdeA's Days Payable

For the Copper subindustry, Sociedad Minera Cerro VerdeA'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.

Sociedad Minera Cerro VerdeA's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Sociedad Minera Cerro VerdeA's Days Payable falls into.

Sociedad Minera Cerro VerdeA 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.

Sociedad Minera Cerro VerdeA'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
=	( (319.383	+	280.7)	/	2 )	/	2556.052	*	365
=	300.0415					/	2556.052	*	365
=	42.85

Sociedad Minera Cerro VerdeA'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: Dec. 2022 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (319.383	+	280.7)	/	2 )	/	2556.052	*	365 / 2
=	300.0415					/	2556.052	*	365 / 2
=	21.42

Sociedad Minera Cerro VerdeA Days Payable Related Terms

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Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sociedad Minera Cerro Verde SAA (LIM:CVERDEC1) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Avenue Alfonso Ugarte 304, Arequipa, PER

Website

https://www.cerroverde.pe

Sociedad Minera Cerro Verde SAA is involved in the exploration, extraction, production and sale of copper from deposits located in the southwest of the Arequipa city.

Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Headlines

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