Sino-platinum Metals Co (SHSE:600459) Days Payable

: 6.62 (As of Sep. 2023)

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Sino-platinum Metals Co's average Accounts Payable for the three months ended in Sep. 2023 was ¥891 Mil. Sino-platinum Metals Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥12,285 Mil. Hence, Sino-platinum Metals Co's Days Payable for the three months ended in Sep. 2023 was 6.62.

The historical rank and industry rank for Sino-platinum Metals Co's Days Payable or its related term are showing as below:

SHSE:600459' s Days Payable Range Over the Past 10 Years
Min: 2.27 Med: 3.23 Max: 6.32
Current: 6.32

During the past 13 years, Sino-platinum Metals Co's highest Days Payable was 6.32. The lowest was 2.27. And the median was 3.23.

SHSE:600459's Days Payable is ranked worse than
98.78% of 1064 companies
in the Metals & Mining industry
Industry Median: 128.935 vs SHSE:600459: 6.32

Sino-platinum Metals Co's Days Payable increased from Sep. 2022 (5.97) to Sep. 2023 (6.62). It may suggest that Sino-platinum Metals Co delayed paying its suppliers.

Sino-platinum Metals Co Days Payable Historical Data

The historical data trend for Sino-platinum Metals Co'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.

Sino-platinum Metals Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

3.11

2.92

3.35

3.58

4.13

Sino-platinum Metals Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable																5.97	5.07	6.43	6.01	6.62

Competitive Comparison

For the Other Precious Metals & Mining subindustry, Sino-platinum Metals Co'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.

Sino-platinum Metals Co Days Payable Distribution

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

* The bar in red indicates where Sino-platinum Metals Co's Days Payable falls into.

Sino-platinum Metals Co 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.

Sino-platinum Metals Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (394.623	+	495.916)	/	2 )	/	39395.729	*	365
=	445.2695					/	39395.729	*	365
=	4.13

Sino-platinum Metals Co's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (703.18	+	1079.594)	/	2 )	/	12285.474	*	365 / 4
=	891.387					/	12285.474	*	365 / 4
=	6.62

Sino-platinum Metals Co Days Payable Related Terms

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Sino-platinum Metals Co (SHSE:600459) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sino-platinum Metals Co Ltd (SHSE:600459) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 988 Keji Road, New and High-Technology Development Zone, Kunming, Yunnan, CHN, 650106

Website

http://www.sino-platinum.com.cn

Sino-platinum Metals Co Ltd is a China-based company engaged in the precious metals materials. Its product includes precious metal pipe, precious metal strip, platinum, precious metal composite, resistance paste, flake silver powder, precious metal compound, platinum wire, relay connector, gas sensor, pure gold, palladium ingot.

Sino-platinum Metals Co (SHSE:600459) Headlines

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