Southgobi Resources (HKSE:01878) Days Payable : 67.19 (As of Sep. 2024)

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What is Southgobi Resources Days Payable?

Southgobi Resources's average Accounts Payable for the three months ended in Sep. 2024 was HK$639 Mil. Southgobi Resources's Cost of Goods Sold for the three months ended in Sep. 2024 was HK$868 Mil. Hence, Southgobi Resources's Days Payable for the three months ended in Sep. 2024 was 67.19.

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

HKSE:01878' s Days Payable Range Over the Past 10 Years
Min: 91.8 Med: 236 Max: 694.74
Current: 91.8

During the past 13 years, Southgobi Resources's highest Days Payable was 694.74. The lowest was 91.80. And the median was 236.00.

HKSE:01878's Days Payable is ranked better than
59.37% of 128 companies
in the Other Energy Sources industry
Industry Median: 71.19 vs HKSE:01878: 91.80

Southgobi Resources's Days Payable declined from Sep. 2023 (75.96) to Sep. 2024 (67.19). It may suggest that Southgobi Resources accelerated paying its suppliers.

Southgobi Resources Days Payable Historical Data

The historical data trend for Southgobi 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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Southgobi Resources Days Payable Chart

Southgobi Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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335.02

404.19

694.74

260.72

93.18

Southgobi Resources 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															75.96	105.46	131.10	101.29	67.19

Competitive Comparison of Southgobi Resources's Days Payable

For the Thermal Coal subindustry, Southgobi 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.

Southgobi Resources's Days Payable Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Southgobi Resources's Days Payable distribution charts can be found below:

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

Southgobi 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.

Southgobi Resources'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
=	( (289.523	+	341.288)	/	2 )	/	1235.472	*	365
=	315.4055					/	1235.472	*	365
=	93.18

Southgobi Resources'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
=	( (593.537	+	684.05)	/	2 )	/	867.559	*	365 / 4
=	638.7935					/	867.559	*	365 / 4
=	67.19

Southgobi Resources Days Payable Related Terms

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Southgobi Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Southgobi Resources Ltd (HKSE:01878) » Definitions » Days Payable

Traded in Other Exchanges

SGQ:Canada

Address

Tower 1, 193 Prince Edward Road. West, Grand Centurey Tower, Units 1208-10, Mongkok, Corporate Department, Kowloon, HKG, V6C 2G8

Website

https://www.southgobi.com

Southgobi Resources Ltd together with its subsidiaries is an integrated coal mining, development, and exploration company. Its reportable operating segment is its Coal Division which is principally engaged in coal mining, development, and exploration in Mongolia and logistics and trading of coal in Mongolia and China. The company also holds the mining and exploration licenses of other metallurgical and thermal coal deposits in the South Gobi Province of Mongolia. The company owns the following operating coal mine and coal projects in Mongolia: the Ovoot Tolgoi Mine, Zag Suuj Project, and the Soumber Project.

Executives

Meng Fa Neng Yuan Kong Gu Ji Tuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Gao Zhu	2201 Interest of corporation controlled by you
Land Grand International Holding Limited	2101 Beneficial owner
Inner Mongolia Tianyu Trading Limited	2201 Interest of corporation controlled by you
Jd Dingxing Limited	2201 Interest of corporation controlled by you
Jd Zhixing Fund L.p.	2101 Beneficial owner
Zhu Chonglin	2201 Interest of corporation controlled by you
An Yong	2201 Interest of corporation controlled by you
Inner Mongolia Yuxinsheng Technology Co., Ltd.	2201 Interest of corporation controlled by you
Inner Mongolia Tianyu Innovation Investment Group Co., Ltd.	2201 Interest of corporation controlled by you
Li Gang	2201 Interest of corporation controlled by you
Wei Hong Guo Ji Neng Yuan Ke Ji Bei Jing You Xian Gong Si	2201 Interest of corporation controlled by you
Nei Meng Gu Wei Hong Neng Yuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
China Cinda (hk) Holdings Company Limited	2201 Interest of corporation controlled by you
China Cinda (hk) Asset Management Co., Limited	2101 Beneficial owner

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