Metallurgical of China (FRA:6MT) Days Payable : 278.70 (As of Sep. 2024)

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What is Metallurgical of China Days Payable?

Metallurgical of China's average Accounts Payable for the three months ended in Sep. 2024 was €40,252 Mil. Metallurgical of China's Cost of Goods Sold for the three months ended in Sep. 2024 was €13,179 Mil. Hence, Metallurgical of China's Days Payable for the three months ended in Sep. 2024 was 278.70.

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

FRA:6MT' s Days Payable Range Over the Past 10 Years
Min: 142.19 Med: 169.2 Max: 231.91
Current: 201.61

During the past 13 years, Metallurgical of China's highest Days Payable was 231.91. The lowest was 142.19. And the median was 169.20.

FRA:6MT's Days Payable is ranked better than
81.76% of 1656 companies
in the Construction industry
Industry Median: 75.77 vs FRA:6MT: 201.61

Metallurgical of China's Days Payable increased from Sep. 2023 (202.59) to Sep. 2024 (278.70). It may suggest that Metallurgical of China delayed paying its suppliers.

Metallurgical of China Days Payable Historical Data

The historical data trend for Metallurgical of China'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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Metallurgical of China Days Payable Chart

Metallurgical of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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175.44

161.88

139.26

143.91

162.16

Metallurgical of China 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															202.59	166.18	181.95	202.98	278.70

Competitive Comparison of Metallurgical of China's Days Payable

For the Engineering & Construction subindustry, Metallurgical of China'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.

Metallurgical of China's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Metallurgical of China's Days Payable distribution charts can be found below:

* The bar in red indicates where Metallurgical of China's Days Payable falls into.

Metallurgical of China 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.

Metallurgical of China'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
=	( (30377.542	+	34946.64)	/	2 )	/	73519.359	*	365
=	32662.091					/	73519.359	*	365
=	162.16

Metallurgical of China'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
=	( (41220.277	+	39284.26)	/	2 )	/	13179.091	*	365 / 4
=	40252.2685					/	13179.091	*	365 / 4
=	278.70

Metallurgical of China Days Payable Related Terms

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Metallurgical of China Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Metallurgical Corp of China Ltd (FRA:6MT) » Definitions » Days Payable

Traded in Other Exchanges

MLLUY:USA 01618:Hong Kong 601618:China

Address

No. 28, Shuguang Xili, MCC Tower, Chaoyang DIstrict, Beijing, CHN, 100028

Website

http://www.mccchina.com

Metallurgical Corp of China Ltd is a metallurgical engineering and construction group operating predominantly in China. The segments through which business is conducted are; Engineering contracting business, Resources development business, Featured business, Comprehensive real estate business, and other businesses. The majority of the revenue for the company is generated from the Engineering contracting business segment which includes its core business carried out by way of EPC contracts and general financing and construction contracting contracts.

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