Sinomine Resource Group Co (SZSE:002738) Days Payable : 29.93 (As of Mar. 2024)

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What is Sinomine Resource Group Co Days Payable?

Sinomine Resource Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥229 Mil. Sinomine Resource Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥698 Mil. Hence, Sinomine Resource Group Co's Days Payable for the three months ended in Mar. 2024 was 29.93.

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

SZSE:002738' s Days Payable Range Over the Past 10 Years
Min: 22.14 Med: 39.29 Max: 61.75
Current: 43.53

During the past 13 years, Sinomine Resource Group Co's highest Days Payable was 61.75. The lowest was 22.14. And the median was 39.29.

SZSE:002738's Days Payable is ranked worse than
77.95% of 1066 companies
in the Metals & Mining industry
Industry Median: 136.15 vs SZSE:002738: 43.53

Sinomine Resource Group Co's Days Payable declined from Mar. 2023 (42.45) to Mar. 2024 (29.93). It may suggest that Sinomine Resource Group Co accelerated paying its suppliers.

Sinomine Resource Group Co Days Payable Historical Data

The historical data trend for Sinomine Resource Group 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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Sinomine Resource Group Co Days Payable Chart

Sinomine Resource Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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48.34

61.75

48.23

22.14

35.25

Sinomine Resource Group 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															42.45	33.59	77.12	52.39	29.93

Competitive Comparison of Sinomine Resource Group Co's Days Payable

For the Other Industrial Metals & Mining subindustry, Sinomine Resource Group 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.

Sinomine Resource Group Co's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Sinomine Resource Group Co's Days Payable falls into.

Sinomine Resource Group 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.

Sinomine Resource Group 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
=	( (271.913	+	252.934)	/	2 )	/	2717.503	*	365
=	262.4235					/	2717.503	*	365
=	35.25

Sinomine Resource Group 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
=	( (252.934	+	204.784)	/	2 )	/	697.756	*	365 / 4
=	228.859					/	697.756	*	365 / 4
=	29.93

Sinomine Resource Group Co Days Payable Related Terms

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Sinomine Resource Group Co (SZSE:002738) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sinomine Resource Group Co Ltd (SZSE:002738) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

11 Changchunqiao Road, Floor 5, Building A, Wanliuyicheng Plaza, Haidian District, Beijing, CHN, 100089

Website

http://www.nfmec.com

Sinomine Resource Group Co Ltd is a mineral exploration engineering technical service company. Its business is divided into various divisions such as Geological Exploration, Mining Investment, International Engineering, and Trading Business. Some of its project profile include Open Pit in Hopewell Chromite Project in Zimbabe, Caofeidian Project of Shougang Group, Sutong Bridge Large Diameter Pile Foundation Project, Backfill Station of Main Orebody of Chambishi Copper Mine Construction Project, and others.

Executives

Zhang Jin Wei	Directors, Directors, and Executives
Wang Zhen Hua	Executives
Jiang Yan Long	Executives
Zhang Xue Shu	Executives
Wang Ping Wei	Directors, executives
Sun Mei Chun	Director
Wei Yun Feng	Director
Wang Fang Miao	Director
Ou Xue Gang	Director
Xiao Xiao Xia	Directors, executives
Huang Ren Jing	Securities Affairs Representative
Chen Hai Zhou	Director
Liu Xin Guo	Director
Lin Fen	Supervisors
Fu Chao Yi	Executives

Sinomine Resource Group Co (SZSE:002738) Headlines

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