Tolu Minerals (ASX:TOK) Days Payable : 0.00 (As of Dec. 2023)

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What is Tolu Minerals Days Payable?

Tolu Minerals's average Accounts Payable for the six months ended in Dec. 2023 was A$0.93 Mil. Tolu Minerals's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.00 Mil.

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

ASX:TOK's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 135.555
* Ranked among companies with meaningful Days Payable only.

Tolu Minerals's Days Payable stayed the same from Dec. 2021 (0.00) to Dec. 2023 (0.00).

Tolu Minerals Days Payable Historical Data

The historical data trend for Tolu Minerals'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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Tolu Minerals Days Payable Chart

Tolu Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

Tolu Minerals Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Days Payable	-	-	-	-

Competitive Comparison of Tolu Minerals's Days Payable

For the Other Precious Metals & Mining subindustry, Tolu Minerals'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.

Tolu Minerals's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Tolu Minerals's Days Payable falls into.

Tolu Minerals 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.

Tolu Minerals'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
=	( (0.983	+	0.881)	/	2 )	/	0	*	365
=	0.932					/	0	*	365
=	N/A

Tolu Minerals'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: Dec. 2022 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.983	+	0.881)	/	2 )	/	0	*	365 / 2
=	0.932					/	0	*	365 / 2
=	N/A

Tolu Minerals Days Payable Related Terms

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Tolu Minerals (ASX:TOK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tolu Minerals Ltd (ASX:TOK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 5, Ground Floor, Turumu Haus, Spring Garden, Gordons, Moresby North East, Port Moresby, PNG, 121

Website

https://www.toluminerals.com

Tolu Minerals Ltd is an emerging exploration company with rights to three significant gold and silver and copper resource opportunities in PNG. Its projects include the Tolukuma Gold Mine, the Tolukuma Gold Mine, and the Mt Penck Tenement.