Hainan Mining Co (SHSE:601969) Days Payable : 15.21 (As of Mar. 2024)

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What is Hainan Mining Co Days Payable?

Hainan Mining Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥116 Mil. Hainan Mining Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥699 Mil. Hence, Hainan Mining Co's Days Payable for the three months ended in Mar. 2024 was 15.21.

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

SHSE:601969' s Days Payable Range Over the Past 10 Years
Min: 10.24 Med: 28.12 Max: 95.16
Current: 13.08

During the past 13 years, Hainan Mining Co's highest Days Payable was 95.16. The lowest was 10.24. And the median was 28.12.

SHSE:601969's Days Payable is ranked worse than
87.14% of 583 companies
in the Steel industry
Industry Median: 41.52 vs SHSE:601969: 13.08

Hainan Mining Co's Days Payable increased from Mar. 2023 (12.38) to Mar. 2024 (15.21). It may suggest that Hainan Mining Co delayed paying its suppliers.

Hainan Mining Co Days Payable Historical Data

The historical data trend for Hainan Mining 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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Hainan Mining Co Days Payable Chart

Hainan Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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25.59

22.27

12.40

10.24

14.20

Hainan Mining Co 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															12.38	10.82	8.95	21.66	15.21

Competitive Comparison of Hainan Mining Co's Days Payable

For the Steel subindustry, Hainan Mining 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.

Hainan Mining Co's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Hainan Mining Co's Days Payable falls into.

Hainan Mining 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.

Hainan Mining Co'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
=	( (127.64	+	121.801)	/	2 )	/	3206.217	*	365
=	124.7205					/	3206.217	*	365
=	14.20

Hainan Mining Co'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
=	( (121.801	+	111.127)	/	2 )	/	698.824	*	365 / 4
=	116.464					/	698.824	*	365 / 4
=	15.21

Hainan Mining Co Days Payable Related Terms

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Hainan Mining Co (SHSE:601969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hainan Mining Co Ltd (SHSE:601969) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Changjiang Li Autonomous County, Hainan Shilu, CHN

Website

http://www.hnmining.com

Hainan Mining Co Ltd is a China-based company engages in the business of iron ore mining. It offers a range of product that is lump ore, fine ore, and iron fine powder to iron and steel companies. It holds an interest in Shilu, a multi-metal and non-metallic mineral deposit located in China.

Hainan Mining Co (SHSE:601969) Headlines

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