Sociedad Quimica Y Minera De Chile (Sociedad Quimica Y Minera De Chile) Days Payable : 40.07 (As of Dec. 2023)

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What is Sociedad Quimica Y Minera De Chile Days Payable?

Sociedad Quimica Y Minera De Chile's average Accounts Payable for the three months ended in Dec. 2023 was $400 Mil. Sociedad Quimica Y Minera De Chile's Cost of Goods Sold for the three months ended in Dec. 2023 was $911 Mil. Hence, Sociedad Quimica Y Minera De Chile's Days Payable for the three months ended in Dec. 2023 was 40.07.

The historical rank and industry rank for Sociedad Quimica Y Minera De Chile's Days Payable or its related term are showing as below:

SQM' s Days Payable Range Over the Past 10 Years
Min: 23.39 Med: 43.86 Max: 56.51
Current: 30.42

During the past 13 years, Sociedad Quimica Y Minera De Chile's highest Days Payable was 56.51. The lowest was 23.39. And the median was 43.86.

SQM's Days Payable is ranked worse than
80.07% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs SQM: 30.42

Sociedad Quimica Y Minera De Chile's Days Payable increased from Dec. 2022 (30.72) to Dec. 2023 (40.07). It may suggest that Sociedad Quimica Y Minera De Chile delayed paying its suppliers.

Sociedad Quimica Y Minera De Chile Days Payable Historical Data

The historical data trend for Sociedad Quimica Y Minera De Chile'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 Quimica Y Minera De Chile Days Payable Chart

Sociedad Quimica Y Minera De Chile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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48.64

55.91

49.68

23.40

33.26

Sociedad Quimica Y Minera De Chile 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															30.72	26.38	24.66	28.17	40.07

Competitive Comparison of Sociedad Quimica Y Minera De Chile's Days Payable

For the Specialty Chemicals subindustry, Sociedad Quimica Y Minera De Chile'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 Quimica Y Minera De Chile's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sociedad Quimica Y Minera De Chile's Days Payable distribution charts can be found below:

* The bar in red indicates where Sociedad Quimica Y Minera De Chile's Days Payable falls into.

Sociedad Quimica Y Minera De Chile 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 Quimica Y Minera De Chile'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
=	( (358.711	+	441.78)	/	2 )	/	4392.436	*	365
=	400.2455					/	4392.436	*	365
=	33.26

Sociedad Quimica Y Minera De Chile'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
=	( (358.208	+	441.78)	/	2 )	/	910.912	*	365 / 4
=	399.994					/	910.912	*	365 / 4
=	40.07

Sociedad Quimica Y Minera De Chile Days Payable Related Terms

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Sociedad Quimica Y Minera De Chile (Sociedad Quimica Y Minera De Chile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sociedad Quimica Y Minera De Chile SA (NYSE:SQM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

QYM:Germany QYM:Germany SQM-B:Chile SQM-A:Chile

Address

El Trovador 4285, 6th Floor, Las Condes, Santiago, CHL

Website

https://www.sqm.com

Sociedad Quimica y Minera de Chile is a Chilean commodities producer with significant operations in lithium (primarily used in batteries for electric vehicles and energy storage systems), specialty and standard potassium fertilizers, iodine (primarily used in X-ray contrast media), and solar salts. The company extracts these materials through its high-quality salt brine deposits and caliche ore. SQM is also developing a hard rock lithium project in Australia and is growing its lithium refining assets in China.

Executives

Sailingstone Capital Partners Llc	10 percent owner	100 WAUGH DRIVE, SUITE 600, HOUSTON TX 77007
Sailingstone Holdings Llc	10 percent owner	1 CALIFORNIA STREET, SUITE 3050, SAN FRANCISCO CA 94111
Mackenzie B Davis	10 percent owner	1 CALIFORNIA STREET, SUITE 3050, SAN FRANCISCO CA 941111
Settles Kenneth L Jr	10 percent owner	1 CALIFORNIA STREET, SUITE 3050, SAN FRANCISCO CA 94111