Corporacion Aceros Arequipa (LIM:CORAREC1) Days Payable : 49.24 (As of Mar. 2024)

View and export this data going back to 1998. Start your Free Trial

What is Corporacion Aceros Arequipa Days Payable?

Corporacion Aceros Arequipa's average Accounts Payable for the three months ended in Mar. 2024 was S/.513 Mil. Corporacion Aceros Arequipa's Cost of Goods Sold for the three months ended in Mar. 2024 was S/.951 Mil. Hence, Corporacion Aceros Arequipa's Days Payable for the three months ended in Mar. 2024 was 49.24.

The historical rank and industry rank for Corporacion Aceros Arequipa's Days Payable or its related term are showing as below:

LIM:CORAREC1' s Days Payable Range Over the Past 10 Years
Min: 29.58 Med: 50.14 Max: 98.6
Current: 59.97

During the past 13 years, Corporacion Aceros Arequipa's highest Days Payable was 98.60. The lowest was 29.58. And the median was 50.14.

LIM:CORAREC1's Days Payable is ranked better than
63.46% of 583 companies
in the Steel industry
Industry Median: 41.52 vs LIM:CORAREC1: 59.97

Corporacion Aceros Arequipa's Days Payable increased from Dec. 2022 (39.40) to Mar. 2024 (49.24). It may suggest that Corporacion Aceros Arequipa delayed paying its suppliers.

Corporacion Aceros Arequipa Days Payable Historical Data

The historical data trend for Corporacion Aceros Arequipa'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.

* Premium members only.

Corporacion Aceros Arequipa Days Payable Chart

Corporacion Aceros Arequipa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

65.04

98.60

60.54

42.52

46.43

Corporacion Aceros Arequipa Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															39.40	42.62	38.29	46.05	49.24

Competitive Comparison of Corporacion Aceros Arequipa's Days Payable

For the Steel subindustry, Corporacion Aceros Arequipa'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.

Corporacion Aceros Arequipa's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Corporacion Aceros Arequipa's Days Payable distribution charts can be found below:

* The bar in red indicates where Corporacion Aceros Arequipa's Days Payable falls into.

Corporacion Aceros Arequipa 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.

Corporacion Aceros Arequipa'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
=	( (507.993	+	555.118)	/	2 )	/	4178.872	*	365
=	531.5555					/	4178.872	*	365
=	46.43

Corporacion Aceros Arequipa's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (555.118	+	471.194)	/	2 )	/	950.894	*	365 / 4
=	513.156					/	950.894	*	365 / 4
=	49.24

Corporacion Aceros Arequipa Days Payable Related Terms

Thank you for viewing the detailed overview of Corporacion Aceros Arequipa's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Corporacion Aceros Arequipa (LIM:CORAREC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Corporacion Aceros Arequipa SA (LIM:CORAREC1) » Definitions » Days Payable

Traded in Other Exchanges

CORAREI1:Peru

Address

Carretera Panamericana Sur Km. 241, Paracas, Pisco, PER

Website

https://www.acerosarequipa.com

Corporacion Aceros Arequipa SA is a Peru-based company that manufactures, distributes, and markets iron, steel, and other metal products. Its product portfolio consists of rebar, flat bars, merchant bars, coils, sheets, tubes, and corrugated sheets, among others. The firm's products are used in construction, mining, heavy metalworking industry, and others. Geographically the majority of its revenue comes from Peru.

Corporacion Aceros Arequipa (LIM:CORAREC1) Headlines

No Headlines