SSRGF (SSR Mining) Days Payable : 13.69 (As of Sep. 2024)

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What is SSR Mining Days Payable?

SSR Mining's average Accounts Payable for the three months ended in Sep. 2024 was $25 Mil. SSR Mining's Cost of Goods Sold for the three months ended in Sep. 2024 was $169 Mil. Hence, SSR Mining's Days Payable for the three months ended in Sep. 2024 was 13.69.

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

SSRGF' s Days Payable Range Over the Past 10 Years
Min: 15.79 Med: 20.04 Max: 25.84
Current: 16.99

During the past 13 years, SSR Mining's highest Days Payable was 25.84. The lowest was 15.79. And the median was 20.04.

SSRGF's Days Payable is ranked worse than
93.66% of 1041 companies
in the Metals & Mining industry
Industry Median: 129.57 vs SSRGF: 16.99

SSR Mining's Days Payable declined from Sep. 2023 (18.49) to Sep. 2024 (13.69). It may suggest that SSR Mining accelerated paying its suppliers.

SSR Mining Days Payable Historical Data

The historical data trend for SSR Mining'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.

SSR Mining Days Payable Chart

SSR Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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20.74

25.21

15.78

26.30

20.80

SSR Mining Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															18.49	14.45	18.79	20.78	13.69

Competitive Comparison of SSR Mining's Days Payable

For the Gold subindustry, SSR Mining'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.

SSR Mining's Days Payable Distribution in the Metals & Mining Industry

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

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

SSR Mining 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.

SSR Mining'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
=	( (78.929	+	37.095)	/	2 )	/	1018.159	*	365
=	58.012					/	1018.159	*	365
=	20.80

SSR Mining's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (23.892	+	26.749)	/	2 )	/	168.724	*	365 / 4
=	25.3205					/	168.724	*	365 / 4
=	13.69

SSR Mining Days Payable Related Terms

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SSR Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SSR Mining Inc (OTCPK:SSRGF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SSRM:USA 0VGE:UK ZSV1:Germany ZSV:Germany ZSV:Germany SSRM:Canada SSR:Australia

Address

6900 E. Layton Avenue, Suite 1300, Denver, CO, USA, 80237

Website

https://www.ssrmining.com

SSR Mining Inc is a minerals company focused on mining precious metals in the Americas. More than half of Silver Standard's revenue is attributable to the production of gold, with a key portion derived from silver production. The company owns and operates the Marigold mine in Nevada, United States; the Seabee Gold Operation in Saskatchewan, Canada; and the Puna mine in Argentina. The majority of gold production is derived from the Marigold mine, and Silver Standard's silver production is principally derived from the Puna mine.