Glencore (LSE:GLEN) Days Payable : 40.81 (As of Jun. 2024)

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What is Glencore Days Payable?

Glencore's average Accounts Payable for the six months ended in Jun. 2024 was £20,083 Mil. Glencore's Cost of Goods Sold for the six months ended in Jun. 2024 was £89,809 Mil. Hence, Glencore's Days Payable for the six months ended in Jun. 2024 was 40.81.

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

LSE:GLEN' s Days Payable Range Over the Past 10 Years
Min: 36.84 Med: 43.99 Max: 54.96
Current: 40.27

During the past 13 years, Glencore's highest Days Payable was 54.96. The lowest was 36.84. And the median was 43.99.

LSE:GLEN's Days Payable is ranked worse than
79.54% of 1041 companies
in the Metals & Mining industry
Industry Median: 129.57 vs LSE:GLEN: 40.27

Glencore's Days Payable declined from Jun. 2023 (43.31) to Jun. 2024 (40.81). It may suggest that Glencore accelerated paying its suppliers.

Glencore Days Payable Historical Data

The historical data trend for Glencore'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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Glencore Days Payable Chart

Glencore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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42.78

54.96

41.28

37.78

45.13

Glencore Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															36.95	41.98	43.31	40.41	40.81

Competitive Comparison of Glencore's Days Payable

For the Other Industrial Metals & Mining subindustry, Glencore'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.

Glencore's Days Payable Distribution in the Metals & Mining Industry

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

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

Glencore 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.

Glencore'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
=	( (20625.983	+	19822.68)	/	2 )	/	163566.34	*	365
=	20224.3315					/	163566.34	*	365
=	45.13

Glencore's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (19822.68	+	20343.252)	/	2 )	/	89809.146	*	365 / 2
=	20082.966					/	89809.146	*	365 / 2
=	40.81

Glencore Days Payable Related Terms

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Glencore Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Glencore PLC (LSE:GLEN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GLN:South Africa GLNCY:USA GLCNF:USA 0IVW:UK GLENl:UK 8GC:Germany

Address

Baarermattstrasse 3, Baar, CHE, CH-6340

Website

https://www.glencore.com

Glencore is one of the world's largest commodities traders, active in markets for metals and minerals, energy products, and agricultural goods. The firm's marketing business provides sourcing, logistics, transportation, storage, and financing services to commodity producers and consumers around the globe. Core exposures are in the production of thermal coal, coking coal, copper, zinc, nickel, cobalt, and ferroalloys. Unlike other major miners, Glencore plans to produce thermal coal until its mines exhaust, arguing that it is better for listed, western companies to own these assets and then rehabilitate them consistent with western standards. It also expanded its coking coal exposure via the purchase of 77% of Teck's metallurgical coal business in July 2024.

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