Wheaton Precious Metals (Wheaton Precious Metals) Days Payable : 8.52 (As of Dec. 2023)

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What is Wheaton Precious Metals Days Payable?

Wheaton Precious Metals's average Accounts Payable for the three months ended in Dec. 2023 was $13 Mil. Wheaton Precious Metals's Cost of Goods Sold for the three months ended in Dec. 2023 was $136 Mil. Hence, Wheaton Precious Metals's Days Payable for the three months ended in Dec. 2023 was 8.52.

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

WPM' s Days Payable Range Over the Past 10 Years
Min: 9.07 Med: 10.83 Max: 19.72
Current: 9.38

During the past 13 years, Wheaton Precious Metals's highest Days Payable was 19.72. The lowest was 9.07. And the median was 10.83.

WPM's Days Payable is ranked worse than
97.09% of 1065 companies
in the Metals & Mining industry
Industry Median: 129.97 vs WPM: 9.38

Wheaton Precious Metals's Days Payable declined from Dec. 2022 (9.47) to Dec. 2023 (8.52). It may suggest that Wheaton Precious Metals accelerated paying its suppliers.

Wheaton Precious Metals Days Payable Historical Data

The historical data trend for Wheaton Precious Metals'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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Wheaton Precious Metals Days Payable Chart

Wheaton Precious Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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14.08

9.31

9.07

9.68

10.73

Wheaton Precious Metals 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															9.47	10.21	7.55	10.23	8.52

Competitive Comparison of Wheaton Precious Metals's Days Payable

For the Gold subindustry, Wheaton Precious Metals'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.

Wheaton Precious Metals's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Wheaton Precious Metals's Days Payable falls into.

Wheaton Precious Metals 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.

Wheaton Precious Metals'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
=	( (12.57	+	13.458)	/	2 )	/	442.605	*	365
=	13.014					/	442.605	*	365
=	10.73

Wheaton Precious Metals'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
=	( (11.999	+	13.458)	/	2 )	/	136.284	*	365 / 4
=	12.7285					/	136.284	*	365 / 4
=	8.52

Wheaton Precious Metals Days Payable Related Terms

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Wheaton Precious Metals (Wheaton Precious Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wheaton Precious Metals Corp (NYSE:WPM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

WPM:UK SII:Germany SII:Germany SII:Germany SII:Germany WPM:Canada

Address

1021 West Hastings Street, Suite 3500, Vancouver, BC, CAN, V6E 0C3

Website

https://www.wheatonpm.com

Wheaton Precious Metals Corp is a precious metal streaming company. The company has entered into over 20 long-term purchase agreements with 17 different mining companies, for the purchase of precious metals and cobalt. It has streaming agreements covering approximately 19 operating mines and 9 development stage projects. The company's projects include Vale's Salobo mine and silver streams on Glencore's Antamina mine and Goldcorp's Penasquito mine.