Caledonia Mining (Caledonia Mining) Days Payable : 37.35 (As of Sep. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Caledonia Mining Days Payable?

Caledonia Mining's average Accounts Payable for the three months ended in Sep. 2023 was $11.1 Mil. Caledonia Mining's Cost of Goods Sold for the three months ended in Sep. 2023 was $27.0 Mil. Hence, Caledonia Mining's Days Payable for the three months ended in Sep. 2023 was 37.35.

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

CMCL' s Days Payable Range Over the Past 10 Years
Min: 9.52 Med: 17.81 Max: 31.15
Current: 25.07

During the past 13 years, Caledonia Mining's highest Days Payable was 31.15. The lowest was 9.52. And the median was 17.81.

CMCL's Days Payable is ranked worse than
87.98% of 1065 companies
in the Metals & Mining industry
Industry Median: 129.97 vs CMCL: 25.07

Caledonia Mining's Days Payable increased from Sep. 2022 (18.37) to Sep. 2023 (37.35). It may suggest that Caledonia Mining delayed paying its suppliers.

Caledonia Mining Days Payable Historical Data

The historical data trend for Caledonia 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.

Caledonia Mining Days Payable Chart

Caledonia Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

21.24

21.79

16.15

11.94

13.65

Caledonia Mining Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															18.37	12.59	17.90	18.24	37.35

Competitive Comparison of Caledonia Mining's Days Payable

For the Gold subindustry, Caledonia 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.

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

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

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

Caledonia 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.

Caledonia Mining'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
=	( (2.503	+	3.502)	/	2 )	/	80.263	*	365
=	3.0025					/	80.263	*	365
=	13.65

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

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (4.678	+	17.459)	/	2 )	/	27.044	*	365 / 4
=	11.0685					/	27.044	*	365 / 4
=	37.35

Caledonia Mining Days Payable Related Terms

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

Caledonia Mining (Caledonia Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Caledonia Mining Corp PLC (AMEX:CMCL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CMCL:UK 9CD1:Germany

Address

B006 Millais House, Castle Quay, Saint Helier, JEY, JE2 3NF

Website

https://www.caledoniamining.com

Caledonia Mining Corp PLC is a gold exploration, development, and mining company. The company's geographical segment includes Zimbabwe and South Africa. Its operations are into Blanket Gold Mine located in the south-west of Zimbabwe. The majority of revenue is generated from the Zimbabwe segment.