PJSC Mining & Metallurgical Co Norilsk Nickel (MIC:GMKN) Days Payable: 36.19 (As of Dec. 2023)

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MIC:GMKN PJSC Mining & Metallurgical Co Norilsk Nickel MIC:GMKN
17 GF Score
Price ₽114.46
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What is PJSC Mining & Metallurgical Co Norilsk Nickel Days Payable?

PJSC Mining & Metallurgical Co Norilsk Nickel MIC:GMKN +0.95% 17 Days Payable is 36.19 as of Dec. 2023. GuruFocus rates MIC:GMKN with a GF Score™ of 17/100.

PJSC Mining & Metallurgical Co Norilsk Nickel's average Accounts Payable for the six months ended in Dec. 2023 was ₽63,189 Mil. PJSC Mining & Metallurgical Co Norilsk Nickel's Cost of Goods Sold for the six months ended in Dec. 2023 was ₽318,692 Mil. Hence, PJSC Mining & Metallurgical Co Norilsk Nickel's Days Payable for the six months ended in Dec. 2023 was 36.19.

The historical rank and industry rank for PJSC Mining & Metallurgical Co Norilsk Nickel's Days Payable or its related term are showing as below:

MIC:GMKN's Days Payable is not ranked *
in the Metals & Mining industry.
Industry Median: 125.475
* Ranked among companies with meaningful Days Payable only.

PJSC Mining & Metallurgical Co Norilsk Nickel's Days Payable declined from Dec. 2022 (71.09) to Dec. 2023 (36.19). It may suggest that PJSC Mining & Metallurgical Co Norilsk Nickel accelerated paying its suppliers.


PJSC Mining & Metallurgical Co Norilsk Nickel Days Payable Related Terms


PJSC Mining & Metallurgical Co Norilsk Nickel Days Payable Historical Data

* Premium members only.

The historical data trend for PJSC Mining & Metallurgical Co Norilsk Nickel'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.

PJSC Mining & Metallurgical Co Norilsk Nickel Days Payable Chart

PJSC Mining & Metallurgical Co Norilsk Nickel Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.10 23.04 21.50 29.45 21.73

PJSC Mining & Metallurgical Co Norilsk Nickel Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 48.82 67.41 71.09 40.31 36.19

PJSC Mining & Metallurgical Co Norilsk Nickel Days Payable Competitor Comparison

For the Other Industrial Metals & Mining subindustry, PJSC Mining & Metallurgical Co Norilsk Nickel'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.


PJSC Mining & Metallurgical Co Norilsk Nickel Days Payable vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PJSC Mining & Metallurgical Co Norilsk Nickel's Days Payable distribution charts can be found below:

* The bar in red indicates where PJSC Mining & Metallurgical Co Norilsk Nickel's Days Payable falls into.


MIC:GMKN
17GF Score
PJSC Mining & Metallurgical Co Norilsk Nickel MIC:GMKN
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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PJSC Mining & Metallurgical Co Norilsk Nickel 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.

PJSC Mining & Metallurgical Co Norilsk Nickel'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
=( (37576.801 + 38077.061) / 2 ) / 635489.909*365
=37826.931 / 635489.909*365
=21.73

PJSC Mining & Metallurgical Co Norilsk Nickel's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

Days Payable (Q: Dec. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (88300.989 + 38077.061) / 2 ) / 318692.369*365 / 2
=63189.025 / 318692.369*365 / 2
=36.19

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 36.19 mean?
PJSC Mining & Metallurgical Co Norilsk Nickel (MIC:GMKN) has a Days Payable of 36.19 as of Dec. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on PJSC Mining & Metallurgical Co Norilsk Nickel and its competitors.
Is PJSC Mining & Metallurgical Co Norilsk Nickel's Days Payable too high?
PJSC Mining & Metallurgical Co Norilsk Nickel's current Days Payable is 36.19. The Metals & Mining industry median Days Payable is 125.48. PJSC Mining & Metallurgical Co Norilsk Nickel's value of 36.19 is 71.2% below this industry median. Overall, PJSC Mining & Metallurgical Co Norilsk Nickel has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does PJSC Mining & Metallurgical Co Norilsk Nickel's Days Payable compare to competitors?
PJSC Mining & Metallurgical Co Norilsk Nickel's Days Payable of 36.19 can be compared against companies in the Metals & Mining industry. The industry median Days Payable is 125.48. PJSC Mining & Metallurgical Co Norilsk Nickel's value of 36.19 is 71.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Metals & Mining company?
The median Days Payable among Metals & Mining companies is 125.48, based on 1,064 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PJSC Mining & Metallurgical Co Norilsk Nickel's current Days Payable of 36.19 is 71.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on PJSC Mining & Metallurgical Co Norilsk Nickel and its competitors. For the Metals & Mining industry, the median Days Payable is 125.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PJSC Mining & Metallurgical Co Norilsk Nickel's current Days Payable is 36.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PJSC Mining & Metallurgical Co Norilsk Nickel stock overvalued right now?
PJSC Mining & Metallurgical Co Norilsk Nickel (MIC:GMKN) has a current Days Payable of 36.19. The current Days Payable is 36.19 and 71.2% below the Metals & Mining industry median of 125.48. PJSC Mining & Metallurgical Co Norilsk Nickel's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For PJSC Mining & Metallurgical Co Norilsk Nickel (MIC:GMKN), the current Days Payable is 36.19 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

PJSC Mining & Metallurgical Co Norilsk Nickel Business Description

Address 15, 1st Krasnogvardeysky Drive, Moscow, RUS, 123100
PJSC Mining & Metallurgical Co Norilsk Nickel is a metal and mining company engaged in activities such as exploration, extraction, refining of ore and nonmetallic minerals, and sale of base and precious minerals. The company is organized into seven operating business segments: GMK Group, South Cluster, KGMK Group, NN Harjavalta, GRK Bystrinskoye, other mining, and other nonmetallurgical. The majority of the company's revenue is derived from the GMK Group segment which includes mining, processing and other metallurgy operations, and sale of precious metals. More than half the company's consolidated revenue is earned from the sale of metals to customers in Europe.
17GF Score

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