Deterra Royalties (ASX:DRR) Accounts Payable & Accrued Expense : A$0.4 Mil (As of Dec. 2023)

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What is Deterra Royalties Accounts Payable & Accrued Expense?

Deterra Royalties's quarterly accounts payable & accrued expense increased from Dec. 2022 (A$0.4 Mil) to Jun. 2023 (A$0.8 Mil) but then declined from Jun. 2023 (A$0.8 Mil) to Dec. 2023 (A$0.4 Mil).

Deterra Royalties's annual accounts payable & accrued expense declined from Jun. 2021 (A$0.8 Mil) to Jun. 2022 (A$0.5 Mil) but then increased from Jun. 2022 (A$0.5 Mil) to Jun. 2023 (A$0.8 Mil).

Deterra Royalties Accounts Payable & Accrued Expense Historical Data

The historical data trend for Deterra Royalties's Accounts Payable & Accrued Expense 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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Deterra Royalties Accounts Payable & Accrued Expense Chart

Deterra Royalties Annual Data

Trend

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

0.80

0.48

0.77

Deterra Royalties Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial			0.59	0.48	0.37	0.77	0.35

Deterra Royalties Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Deterra Royalties (ASX:DRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Deterra Royalties Ltd (ASX:DRR) » Definitions » Accounts Payable & Accrued Expense

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DETRF:USA

Address

140 St Georges Terrace, Level 16, Perth, WA, AUS, 6000

Website

https://www.iluka.com

Deterra Royalties was spun out from Iluka Resources in October 2020 with Iluka retaining a 20% interest. Its only material income generating asset is a royalty covering iron ore produced by BHP from the Mining Area C royalty area, located in the Pilbara region of Western Australia. The royalty area includes the North Flank mine, producing approximately 60 million metric tons of iron ore a year, and the South Flank mine, expected to add a further 85 million metric tons a year by 2024 after producing first ore in 2021. The MAC royalty area also covers most of the Tandanya and Mudlark deposits, which BHP intends to develop in the longer term as part of its plan to operate the MAC production hub for at least 50 years. Deterra's strategy is to grow into a diversified royalty company.