Eramet (Eramet) Days Payable : 127.22 (As of Dec. 2023)

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What is Eramet Days Payable?

Eramet's average Accounts Payable for the six months ended in Dec. 2023 was $480 Mil. Eramet's Cost of Goods Sold for the six months ended in Dec. 2023 was $689 Mil. Hence, Eramet's Days Payable for the six months ended in Dec. 2023 was 127.22.

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

ERMAY' s Days Payable Range Over the Past 10 Years
Min: 46.27 Med: 95.4 Max: 163.22
Current: 118.67

During the past 13 years, Eramet's highest Days Payable was 163.22. The lowest was 46.27. And the median was 95.40.

ERMAY's Days Payable is ranked worse than
51.64% of 1065 companies
in the Metals & Mining industry
Industry Median: 129.97 vs ERMAY: 118.67

Eramet's Days Payable increased from Dec. 2022 (80.53) to Dec. 2023 (127.22). It may suggest that Eramet delayed paying its suppliers.

Eramet Days Payable Historical Data

The historical data trend for Eramet'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.

* Premium members only.

Eramet Days Payable Chart

Eramet Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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99.14

156.74

147.29

88.24

116.61

Eramet 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															134.70	105.09	80.53	109.86	127.22

Competitive Comparison of Eramet's Days Payable

For the Other Industrial Metals & Mining subindustry, Eramet'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.

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

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

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

Eramet 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.

Eramet'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
=	( (449.153	+	485.278)	/	2 )	/	1462.377	*	365
=	467.2155					/	1462.377	*	365
=	116.61

Eramet'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
=	( (475.623	+	485.278)	/	2 )	/	689.203	*	365 / 2
=	480.4505					/	689.203	*	365 / 2
=	127.22

Eramet Days Payable Related Terms

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Eramet (Eramet) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eramet SA (OTCPK:ERMAY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ERMAF:USA 0MGV:UK ERA:France ER7:Germany

Address

10 Boulevard de Grenelle, Paris, FRA, 75015

Website

https://www.eramet.com

Eramet SA is a French mining and metallurgical company focused on the extraction, production, and sale of alloying metals, principally Manganese and Nickel. The company is also engaged in the production and transformation of alloys. Manganese constitutes nearly half of Eramet's revenue, followed by steel alloys and nickel. While the sales made locally and across the rest of Europe comprise the largest share of Eramet's revenue, the company also generates a significant portion of revenue from Asia and North America.