Minmetals Development Co (SHSE:600058) Days Payable : 83.11 (As of Mar. 2025)

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What is Minmetals Development Co Days Payable?

Minmetals Development Co's average Accounts Payable for the three months ended in Mar. 2025 was ¥10,847 Mil. Minmetals Development Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥11,910 Mil. Hence, Minmetals Development Co's Days Payable for the three months ended in Mar. 2025 was 83.11.

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

SHSE:600058' s Days Payable Range Over the Past 10 Years
Min: 27.03 Med: 33.92 Max: 55.23
Current: 52.91

During the past 13 years, Minmetals Development Co's highest Days Payable was 55.23. The lowest was 27.03. And the median was 33.92.

SHSE:600058's Days Payable is ranked better than
60.57% of 601 companies
in the Steel industry
Industry Median: 39.45 vs SHSE:600058: 52.91

Minmetals Development Co's Days Payable increased from Mar. 2024 (58.08) to Mar. 2025 (83.11). It may suggest that Minmetals Development Co delayed paying its suppliers.

Minmetals Development Co Days Payable Historical Data

The historical data trend for Minmetals Development Co'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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Minmetals Development Co Days Payable Chart

Minmetals Development Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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30.31

27.03

32.92

39.79

55.23

Minmetals Development Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Days Payable	Get a 7-Day Free Trial															58.08	41.19	52.51	61.30	83.11

Competitive Comparison of Minmetals Development Co's Days Payable

For the Steel subindustry, Minmetals Development Co'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.

Minmetals Development Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Minmetals Development Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Minmetals Development Co's Days Payable falls into.

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Minmetals Development Co 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.

Minmetals Development Co's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (9135.514	+	10548.903)	/	2 )	/	65042.498	*	365
=	9842.2085					/	65042.498	*	365
=	55.23

Minmetals Development Co's Days Payable for the quarter that ended in Mar. 2025 is calculated as:

	Days Payable (Q: Mar. 2025 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2024 )	+	Accounts Payable (Q: Mar. 2025 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
=	( (10548.903	+	11146.011)	/	2 )	/	11909.8	*	365 / 4
=	10847.457					/	11909.8	*	365 / 4
=	83.11

Minmetals Development Co Days Payable Related Terms

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Minmetals Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Minmetals Development Co Ltd (SHSE:600058) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Building B, No. 5 Sanlihe Road, Haiding District, Beijing, CHN, 100044

Website

http://www.minlist.com.cn

Minmetals Development Co Ltd is a steel distribution service provider. The activities of the company include the supply of metallurgical raw materials which includes iron ore, coal, coke, and pig iron, steel trading, processing and distribution, and logistics services.

Executives

Zong Qing Sheng	Director
Xu Qiang	senior management
Ren Jian Hua	senior management
Chen Shao Rong	senior management
Feng Gui Quan	senior management
Cui Qing Lian	senior management
Yao Zi Ping	Director
Zhang Yuan Rong	Director
Yu Min	Supervisors
Zhou Zhong Shu	Director
Lu Shao Bo	Supervisors
Gao Yong	senior management
Wang Zhong Liang	senior management

Minmetals Development Co Headlines

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