Nickel Asia (Nickel Asia) Days Payable : 100.35 (As of Mar. 2024)

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What is Nickel Asia Days Payable?

Nickel Asia's average Accounts Payable for the three months ended in Mar. 2024 was $33.0 Mil. Nickel Asia's Cost of Goods Sold for the three months ended in Mar. 2024 was $30.0 Mil. Hence, Nickel Asia's Days Payable for the three months ended in Mar. 2024 was 100.35.

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

NCKAF' s Days Payable Range Over the Past 10 Years
Min: 23.73 Med: 26.74 Max: 74.17
Current: 74.17

During the past 13 years, Nickel Asia's highest Days Payable was 74.17. The lowest was 23.73. And the median was 26.74.

NCKAF's Days Payable is ranked worse than
62.42% of 1067 companies
in the Metals & Mining industry
Industry Median: 137.14 vs NCKAF: 74.17

Nickel Asia's Days Payable increased from Mar. 2023 (84.85) to Mar. 2024 (100.35). It may suggest that Nickel Asia delayed paying its suppliers.

Nickel Asia Days Payable Historical Data

The historical data trend for Nickel Asia'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.

Nickel Asia Days Payable Chart

Nickel Asia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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24.92

25.39

23.73

24.29

32.91

Nickel Asia Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															84.85	70.68	82.13	59.70	100.35

Competitive Comparison of Nickel Asia's Days Payable

For the Other Industrial Metals & Mining subindustry, Nickel Asia'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.

Nickel Asia's Days Payable Distribution in the Metals & Mining Industry

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

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

Nickel Asia 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.

Nickel Asia'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
=	( (17.697	+	23.439)	/	2 )	/	228.115	*	365
=	20.568					/	228.115	*	365
=	32.91

Nickel Asia'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
=	( (23.439	+	42.506)	/	2 )	/	29.981	*	365 / 4
=	32.9725					/	29.981	*	365 / 4
=	100.35

Nickel Asia Days Payable Related Terms

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Nickel Asia (Nickel Asia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel Asia Corp (OTCPK:NCKAF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NIKL:Philippines

Address

32nd Street, Bonifacio Global City, 28th Floor NAC Tower, Taguig, PHL, 1634

Website

https://www.nickelasia.com

Nickel Asia Corp is a nickel ore mining company engaged in operating five mines; the Rio Tuba mine, the Taganito mine, the Tagana-an mine, the Cagdianao mine, and the Dinapigue mine. It produces saprolite (nickel ore with an iron content of less than 20%) and limonite (nickel ore with an iron content greater than 20%) ore. The company has three operating segments; The mining segment which accounts for a majority of the company's revenue includes the mining and exploration of nickel saprolite and limonite ore, limestone, and quarry materials, The services segment includes chartering out of LCT, construction and rendering of services to CBNC, THNC, and other parties and leasing of aircraft to WAISC, and The power segment is into power generation and exploration for geothermal resources.

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