Lynas Rare Earths (ASX:LYC) Days Payable : 54.32 (As of Dec. 2023)

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What is Lynas Rare Earths Days Payable?

Lynas Rare Earths's average Accounts Payable for the six months ended in Dec. 2023 was A$47.3 Mil. Lynas Rare Earths's Cost of Goods Sold for the six months ended in Dec. 2023 was A$159.0 Mil. Hence, Lynas Rare Earths's Days Payable for the six months ended in Dec. 2023 was 54.32.

The historical rank and industry rank for Lynas Rare Earths's Days Payable or its related term are showing as below:

ASX:LYC' s Days Payable Range Over the Past 10 Years
Min: 15.92 Med: 56.74 Max: 78.22
Current: 61.64

During the past 13 years, Lynas Rare Earths's highest Days Payable was 78.22. The lowest was 15.92. And the median was 56.74.

ASX:LYC's Days Payable is ranked worse than
68.26% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs ASX:LYC: 61.64

Lynas Rare Earths's Days Payable increased from Dec. 2022 (53.50) to Dec. 2023 (54.32). It may suggest that Lynas Rare Earths delayed paying its suppliers.

Lynas Rare Earths Days Payable Historical Data

The historical data trend for Lynas Rare Earths'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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Lynas Rare Earths Days Payable Chart

Lynas Rare Earths Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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56.27

44.52

18.49

15.92

29.11

Lynas Rare Earths 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															47.03	31.90	53.50	59.39	54.32

Competitive Comparison of Lynas Rare Earths's Days Payable

For the Other Industrial Metals & Mining subindustry, Lynas Rare Earths'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.

Lynas Rare Earths's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Lynas Rare Earths's Days Payable falls into.

Lynas Rare Earths 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.

Lynas Rare Earths's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (14.388	+	40.821)	/	2 )	/	346.177	*	365
=	27.6045					/	346.177	*	365
=	29.11

Lynas Rare Earths'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
=	( (40.821	+	53.829)	/	2 )	/	159.012	*	365 / 2
=	47.325					/	159.012	*	365 / 2
=	54.32

Lynas Rare Earths Days Payable Related Terms

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Lynas Rare Earths (ASX:LYC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lynas Rare Earths Ltd (ASX:LYC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

LYSDY:USA LYSCF:USA LYI:Germany

Address

1 Howard Street, Level 4, Perth, WA, AUS, 6000

Website

https://www.lynascorp.com

Lynas Rare Earths Ltd is an Australian firm. It operates in a single segment and is engaged in integrated extraction and processing of Rare Earth minerals, in Australia and Malaysia; and the Development of Rare Earth deposits. It is focused on the Kalgoorlie project.

Lynas Rare Earths (ASX:LYC) Headlines

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