FQVLF (First Quantum Minerals) Days Payable : 63.31 (As of Sep. 2024)

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What is First Quantum Minerals Days Payable?

First Quantum Minerals's average Accounts Payable for the three months ended in Sep. 2024 was $571 Mil. First Quantum Minerals's Cost of Goods Sold for the three months ended in Sep. 2024 was $823 Mil. Hence, First Quantum Minerals's Days Payable for the three months ended in Sep. 2024 was 63.31.

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

FQVLF' s Days Payable Range Over the Past 10 Years
Min: 48.72 Med: 80.18 Max: 87.18
Current: 67.88

During the past 13 years, First Quantum Minerals's highest Days Payable was 87.18. The lowest was 48.72. And the median was 80.18.

FQVLF's Days Payable is ranked worse than
64.2% of 1042 companies
in the Metals & Mining industry
Industry Median: 129.235 vs FQVLF: 67.88

First Quantum Minerals's Days Payable increased from Sep. 2023 (53.72) to Sep. 2024 (63.31). It may suggest that First Quantum Minerals delayed paying its suppliers.

First Quantum Minerals Days Payable Historical Data

The historical data trend for First Quantum Minerals'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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First Quantum Minerals Days Payable Chart

First Quantum Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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81.75

68.51

58.13

50.12

56.62

First Quantum Minerals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															53.72	67.33	77.36	62.49	63.31

Competitive Comparison of First Quantum Minerals's Days Payable

For the Copper subindustry, First Quantum Minerals'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.

First Quantum Minerals's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where First Quantum Minerals's Days Payable falls into.

First Quantum Minerals 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.

First Quantum Minerals'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
=	( (771	+	831)	/	2 )	/	5164	*	365
=	801					/	5164	*	365
=	56.62

First Quantum Minerals's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (569	+	573)	/	2 )	/	823	*	365 / 4
=	571					/	823	*	365 / 4
=	63.31

First Quantum Minerals Days Payable Related Terms

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First Quantum Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Quantum Minerals Ltd (OTCPK:FQVLF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

IZ1:Germany IZ1:Germany FM:Canada

Address

330 Bay Street, Suite 1101, Toronto, ON, CAN, M5H 2S8

Website

https://www.first-quantum.com

First Quantum Minerals Ltd is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Panama, Turkey, Spain, Australia and Mauritania. The Company's reportable operating segments are Cobre Panama, Kansanshi, Trident and Ravensthorpe. Majority of the revenue is generated from Cobre Panama.