Nickel Industries (ASX:NIC) Days Payable : 50.06 (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Nickel Industries Days Payable?

Nickel Industries's average Accounts Payable for the six months ended in Dec. 2023 was A$277 Mil. Nickel Industries's Cost of Goods Sold for the six months ended in Dec. 2023 was A$1,009 Mil. Hence, Nickel Industries's Days Payable for the six months ended in Dec. 2023 was 50.06.

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

ASX:NIC' s Days Payable Range Over the Past 10 Years
Min: 37.92 Med: 43.93 Max: 330.32
Current: 45.92

During the past 5 years, Nickel Industries's highest Days Payable was 330.32. The lowest was 37.92. And the median was 43.93.

ASX:NIC's Days Payable is ranked worse than
75.63% of 1067 companies
in the Metals & Mining industry
Industry Median: 129.97 vs ASX:NIC: 45.92

Nickel Industries's Days Payable increased from Dec. 2022 (46.95) to Dec. 2023 (50.06). It may suggest that Nickel Industries delayed paying its suppliers.

Nickel Industries Days Payable Historical Data

The historical data trend for Nickel Industries'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.

Nickel Industries Days Payable Chart

Nickel Industries Annual Data

Trend

Jun19

Dec20

Dec21

Dec22

Dec23

Days Payable

330.32

43.23

37.92

46.23

43.93

Nickel Industries Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial							33.94	43.35	46.95	44.03	50.06

Competitive Comparison of Nickel Industries's Days Payable

For the Other Industrial Metals & Mining subindustry, Nickel Industries'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.

Nickel Industries's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Nickel Industries's Days Payable falls into.

Nickel Industries 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.

Nickel Industries'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
=	( (252.042	+	262.387)	/	2 )	/	2137.049	*	365
=	257.2145					/	2137.049	*	365
=	43.93

Nickel Industries'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
=	( (290.97	+	262.387)	/	2 )	/	1008.641	*	365 / 2
=	276.6785					/	1008.641	*	365 / 2
=	50.06

Nickel Industries Days Payable Related Terms

Thank you for viewing the detailed overview of Nickel Industries's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Nickel Industries (ASX:NIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel Industries Ltd (ASX:NIC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NICMF:USA NM5:Germany

Address

66 Hunter Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.nickelmines.com.au

Nickel Industries Ltd is engaged in acquiring, exploring, and developing nickel projects. It holds 80% interest in the Hengjaya Nickel and Ranger Nickel projects, both of which operate 2 line Rotary Kiln Electric Furnace (RKEF) plants producing NPI within the Indonesia Morowali Industrial Park (IMIP). Nickel Industries also holds an 80% economic interest in the Hengjaya Mineralindo Nickel Mine ('Hengjaya Mine'), a large tonnage, high-grade saprolite deposit located in the Morowali Regency of Central Sulawesi, Indonesia.