Aluminum of China (HKSE:02600) Days Payable : 32.93 (As of Sep. 2024)

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What is Aluminum of China Days Payable?

Aluminum of China's average Accounts Payable for the three months ended in Sep. 2024 was HK$22,134 Mil. Aluminum of China's Cost of Goods Sold for the three months ended in Sep. 2024 was HK$61,331 Mil. Hence, Aluminum of China's Days Payable for the three months ended in Sep. 2024 was 32.93.

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

HKSE:02600' s Days Payable Range Over the Past 10 Years
Min: 23.69 Med: 29.55 Max: 46.66
Current: 44.61

During the past 13 years, Aluminum of China's highest Days Payable was 46.66. The lowest was 23.69. And the median was 29.55.

HKSE:02600's Days Payable is ranked worse than
77.18% of 1043 companies
in the Metals & Mining industry
Industry Median: 129.57 vs HKSE:02600: 44.61

Aluminum of China's Days Payable declined from Sep. 2023 (45.36) to Sep. 2024 (32.93). It may suggest that Aluminum of China accelerated paying its suppliers.

Aluminum of China Days Payable Historical Data

The historical data trend for Aluminum 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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Aluminum of China Days Payable Chart

Aluminum of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

27.84

28.98

23.34

30.41

41.07

Aluminum 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															45.36	69.52	48.12	39.03	32.93

Competitive Comparison of Aluminum of China's Days Payable

For the Aluminum subindustry, Aluminum 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.

Aluminum of China's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Aluminum of China's Days Payable distribution charts can be found below:

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

Aluminum 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.

Aluminum 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
=	( (25166.653	+	23091.551)	/	2 )	/	214424.146	*	365
=	24129.102					/	214424.146	*	365
=	41.07

Aluminum 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
=	( (21799.247	+	22468.957)	/	2 )	/	61330.589	*	365 / 4
=	22134.102					/	61330.589	*	365 / 4
=	32.93

Aluminum of China Days Payable Related Terms

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Aluminum of China Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aluminum Corp of China Ltd (HKSE:02600) » Definitions » Days Payable

Traded in Other Exchanges

ALMMF:USA AOC:Germany 601600:China

Address

No. 62 North Xizhimen Street, Haidian District, Beijing, CHN, 100082

Website

https://www.chalco.com.cn

Aluminum Corp of China Ltd is an aluminum producer. Its main business includes exploration and mining of resources such as bauxite and coal, production, sales, technology research and development of alumina, primary aluminum, aluminum alloys, and carbon products, international trade, logistics industry, thermal and new energy power generation, etc. The company's reportable operating segments are; The alumina segment, The primary aluminum segment, Energy, Trading, and the Corporate segment. The majority of its revenue is generated from the primary aluminum segment which consists of procuring alumina and other raw materials, supplemental materials and electricity power, and smelting alumina to produce primary aluminum. Geographically, its key revenue is derived from Mainland China.

Executives

Blackrock, Inc.	2201 Interest of corporation controlled by you
Citigroup Inc.	2201 Interest of corporation controlled by you
Yi Fang Da Ji Jin Guan Li You Xian Gong Si	2102 Investment manager
Alliancebernstein L.p.	2201 Interest of corporation controlled by you
Brown Brothers Harriman & Co.	2502 Approved lending agent
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Ubs Group Ag	2201 Interest of corporation controlled by you
Atlas Ocm Holdings Llc	2201 Interest of corporation controlled by you
Karsh Bruce Allen	2201 Interest of corporation controlled by you
Marks Howard Stanley	2201 Interest of corporation controlled by you
Oaktree Capital Group Holdings Gp, Llc	2201 Interest of corporation controlled by you
Oaktree Capital Group Holdings, L.p.	2201 Interest of corporation controlled by you
Oaktree Capital Management Gp Llc	2201 Interest of corporation controlled by you
Oaktree Capital Management, L.p.	2102 Investment manager

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