Turquoise Hill Resources (TSX:TRQ) Days Payable : 119.35 (As of Sep. 2022)

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What is Turquoise Hill Resources Days Payable?

Turquoise Hill Resources's average Accounts Payable for the three months ended in Sep. 2022 was C$444 Mil. Turquoise Hill Resources's Cost of Goods Sold for the three months ended in Sep. 2022 was C$340 Mil. Hence, Turquoise Hill Resources's Days Payable for the three months ended in Sep. 2022 was 119.35.

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

TSX:TRQ' s Days Payable Range Over the Past 10 Years
Min: 60.22 Med: 180.06 Max: 1945.58
Current: 141.97

During the past 13 years, Turquoise Hill Resources's highest Days Payable was 1945.58. The lowest was 60.22. And the median was 180.06.

TSX:TRQ's Days Payable is not ranked
in the Metals & Mining industry.
Industry Median: 130.91 vs TSX:TRQ: 141.97

Turquoise Hill Resources's Days Payable declined from Sep. 2021 (120.26) to Sep. 2022 (119.35). It may suggest that Turquoise Hill Resources accelerated paying its suppliers.

Turquoise Hill Resources Days Payable Historical Data

The historical data trend for Turquoise Hill Resources'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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Turquoise Hill Resources Days Payable Chart

Turquoise Hill Resources Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

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135.28

173.44

194.88

195.20

186.68

Turquoise Hill Resources Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Days Payable	Get a 7-Day Free Trial															120.26	165.45	163.26	132.14	119.35

Competitive Comparison of Turquoise Hill Resources's Days Payable

For the Copper subindustry, Turquoise Hill Resources'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.

Turquoise Hill Resources's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Turquoise Hill Resources's Days Payable falls into.

Turquoise Hill Resources 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.

Turquoise Hill Resources's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (404.214	+	410.612)	/	2 )	/	796.581	*	365
=	407.413					/	796.581	*	365
=	186.68

Turquoise Hill Resources's Days Payable for the quarter that ended in Sep. 2022 is calculated as:

	Days Payable (Q: Sep. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2022 )	+	Accounts Payable (Q: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
=	( (431.432	+	457.051)	/	2 )	/	339.645	*	365 / 4
=	444.2415					/	339.645	*	365 / 4
=	119.35

Turquoise Hill Resources Days Payable Related Terms

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Turquoise Hill Resources (TSX:TRQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Turquoise Hill Resources Ltd (TSX:TRQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Place Ville-Marie, Suite 3680, Montreal, QC, CAN, H3B 3P2

Website

https://www.turquoisehill.com

Turquoise Hill Resources Ltd is a global mining company that primarily mines copper, gold, and coal in the Asia-Pacific region. The company holds a 66% interest in Oyu Tolgoi, one of the world's largest copper-gold-silver mines, which ships concentrate to customers in China. Oyu Tolgoi is located in the South Gobi region of Mongolia, approximately 550 km south of the capital, Ulaanbaatar, and 80 km north of the Mongolia-China border.