Hwange Colliery Co (XZIM:HCCL.ZW) Days Payable: 16.66 (As of Dec. 2022)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Hwange Colliery Co Days Payable?

Hwange Colliery Co XZIM:HCCL.ZW Days Payable is 16.66 as of Dec. 2022.

Hwange Colliery Co's average Accounts Payable for the six months ended in Dec. 2022 was ZWL3,892 Mil. Hwange Colliery Co's Cost of Goods Sold for the six months ended in Dec. 2022 was ZWL42,629 Mil. Hence, Hwange Colliery Co's Days Payable for the six months ended in Dec. 2022 was 16.66.

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

XZIM:HCCL.ZW's Days Payable is not ranked *
in the Other Energy Sources industry.
Industry Median: 64.945
* Ranked among companies with meaningful Days Payable only.

Hwange Colliery Co's Days Payable increased from Dec. 2021 (9.80) to Dec. 2022 (16.66). It may suggest that Hwange Colliery Co delayed paying its suppliers.

Hwange Colliery Co Days Payable Historical Data

* Premium members only.

The historical data trend for Hwange Colliery 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.

Hwange Colliery Co Days Payable Chart

Hwange Colliery Co Annual Data
Trend Dec11 Dec12 Dec18 Dec19 Dec20 Dec21 Dec22
Days Payable
Get a 7-Day Free Trial 13,517.41 83.35 41.01 13.34 18.71

Hwange Colliery Co Semi-Annual Data
Dec11 Jun12 Dec12 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.39 25.78 9.80 33.20 16.66

Hwange Colliery Co Days Payable Competitor Comparison

For the Thermal Coal subindustry, Hwange Colliery 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.

Hwange Colliery Co Days Payable vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Hwange Colliery Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hwange Colliery Co's Days Payable falls into.


Hwange Colliery 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.

Hwange Colliery Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (1077.678 + 4516.821) / 2 ) / 54572.469*365
=2797.2495 / 54572.469*365
=18.71

Hwange Colliery Co's Days Payable for the quarter that ended in Dec. 2022 is calculated as:

Days Payable (Q: Dec. 2022 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2022 ) + Accounts Payable (Q: Dec. 2022 )) / count ) / Cost of Goods Sold (Q: Dec. 2022 )*Days in Period
=( (3267.307 + 4516.821) / 2 ) / 42628.92*365 / 2
=3892.064 / 42628.92*365 / 2
=16.66

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 16.66 mean?
Hwange Colliery Co (XZIM:HCCL.ZW) has a Days Payable of 16.66 as of Dec. 2022. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Hwange Colliery Co and its competitors.
Is Hwange Colliery Co's Days Payable too high?
Hwange Colliery Co's current Days Payable is 16.66. The Other Energy Sources industry median Days Payable is 64.95. Hwange Colliery Co's value of 16.66 is 74.3% below this industry median.
How does Hwange Colliery Co's Days Payable compare to competitors?
Hwange Colliery Co's Days Payable of 16.66 can be compared against companies in the Other Energy Sources industry. The industry median Days Payable is 64.95. Hwange Colliery Co's value of 16.66 is 74.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Other Energy Sources company?
The median Days Payable among Other Energy Sources companies is 64.95, based on 128 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hwange Colliery Co's current Days Payable of 16.66 is 74.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Hwange Colliery Co and its competitors. For the Other Energy Sources industry, the median Days Payable is 64.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hwange Colliery Co's current Days Payable is 16.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hwange Colliery Co stock overvalued right now?
Hwange Colliery Co (XZIM:HCCL.ZW) has a current Days Payable of 16.66. The current Days Payable is 16.66 and 74.3% below the Other Energy Sources industry median of 64.95. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Hwange Colliery Co (XZIM:HCCL.ZW), the current Days Payable is 16.66 as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Hwange Colliery Co Business Description

Address Coronation Dr, Hwange, ZWE
Hwange Colliery Co Ltd is engaged in the extraction, processing, and distribution of coal and coal products, and the provision of health services and various retail goods and services. Its activities are categorised into the following three segments: Mining - the extraction, processing, and distribution of coal and coal products; Medical services - provide healthcare to staff members and the surrounding community; Estates - the division provides properties for rental and sells retail goods and services. The group generates the majority of its revenue from the Mining segment.