Metro Mining (ASX:MMI) Days Payable : 24.33 (As of Dec. 2023)

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What is Metro Mining Days Payable?

Metro Mining's average Accounts Payable for the six months ended in Dec. 2023 was A$18.8 Mil. Metro Mining's Cost of Goods Sold for the six months ended in Dec. 2023 was A$140.6 Mil. Hence, Metro Mining's Days Payable for the six months ended in Dec. 2023 was 24.33.

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

ASX:MMI' s Days Payable Range Over the Past 10 Years
Min: 18.15 Med: 27.38 Max: 62.7
Current: 31.33

During the past 13 years, Metro Mining's highest Days Payable was 62.70. The lowest was 18.15. And the median was 27.38.

ASX:MMI's Days Payable is ranked worse than
84.55% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs ASX:MMI: 31.33

Metro Mining's Days Payable declined from Dec. 2022 (39.46) to Dec. 2023 (24.33). It may suggest that Metro Mining accelerated paying its suppliers.

Metro Mining Days Payable Historical Data

The historical data trend for Metro 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.

Metro Mining Days Payable Chart

Metro Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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18.15

28.22

26.54

29.72

25.46

Metro Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															30.58	52.92	39.46	55.74	24.33

Competitive Comparison of Metro Mining's Days Payable

For the Other Industrial Metals & Mining subindustry, Metro 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.

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

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

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

Metro 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.

Metro 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
=	( (15.487	+	13.216)	/	2 )	/	205.747	*	365
=	14.3515					/	205.747	*	365
=	25.46

Metro Mining's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (24.284	+	13.216)	/	2 )	/	140.64	*	365 / 2
=	18.75					/	140.64	*	365 / 2
=	24.33

Metro Mining Days Payable Related Terms

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Metro Mining (ASX:MMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Metro Mining Ltd (ASX:MMI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

6ME:Germany

Address

247 Adelaide Street, Level 2, Brisbane, QLD, AUS, 4000

Website

https://www.metromining.com.au

Metro Mining Ltd operates as an exploration and mining company. The company explores coal and bauxite. Its flagship project is the Bauxite Hills Mine project located to the north of Weipa on Western Cape York in Queensland and the Bundi project and the Columboola project.