Sotkamo Silver AB (OHEL:SOSI1) Days Payable : 87.29 (As of Mar. 2024)

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What is Sotkamo Silver AB Days Payable?

Sotkamo Silver AB's average Accounts Payable for the three months ended in Mar. 2024 was €5.82 Mil. Sotkamo Silver AB's Cost of Goods Sold for the three months ended in Mar. 2024 was €6.08 Mil. Hence, Sotkamo Silver AB's Days Payable for the three months ended in Mar. 2024 was 87.29.

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

OHEL:SOSI1' s Days Payable Range Over the Past 10 Years
Min: 82.36 Med: 284.99 Max: 7938.75
Current: 89.92

During the past 13 years, Sotkamo Silver AB's highest Days Payable was 7938.75. The lowest was 82.36. And the median was 284.99.

OHEL:SOSI1's Days Payable is ranked worse than
57.57% of 1070 companies
in the Metals & Mining industry
Industry Median: 138.82 vs OHEL:SOSI1: 89.92

Sotkamo Silver AB's Days Payable declined from Mar. 2023 (119.42) to Mar. 2024 (87.29). It may suggest that Sotkamo Silver AB accelerated paying its suppliers.

Sotkamo Silver AB Days Payable Historical Data

The historical data trend for Sotkamo Silver AB'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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Sotkamo Silver AB Days Payable Chart

Sotkamo Silver AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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149.77

101.13

87.29

82.36

88.00

Sotkamo Silver AB 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															119.42	90.78	82.21	90.00	87.29

Competitive Comparison of Sotkamo Silver AB's Days Payable

For the Other Precious Metals & Mining subindustry, Sotkamo Silver AB'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.

Sotkamo Silver AB's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Sotkamo Silver AB's Days Payable falls into.

Sotkamo Silver AB 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.

Sotkamo Silver AB'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
=	( (5.894	+	4.81)	/	2 )	/	22.198	*	365
=	5.352					/	22.198	*	365
=	88.00

Sotkamo Silver AB'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
=	( (4.81	+	6.822)	/	2 )	/	6.08	*	365 / 4
=	5.816					/	6.08	*	365 / 4
=	87.29

Sotkamo Silver AB Days Payable Related Terms

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Sotkamo Silver AB (OHEL:SOSI1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sotkamo Silver AB (OHEL:SOSI1) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SOSI:Sweden VSO:Germany

Address

Hollandargatan 5B, Stockholm, SWE, 111 48

Website

http://www.silver.fi

Sotkamo Silver AB is a Sweden-based exploration and development company. It is engaged in the exploration and development of silver, gold and zinc deposits in the Nordic region. The company primarily holds an interest in Taivaljarvi silver mine project. In addition, there are two gold deposits, Harnas which is a former small-scale gold mining site in Sweden, and Hopevuori gold occurrence in Finland.

Sotkamo Silver AB (OHEL:SOSI1) Headlines

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