Macarthur Minerals (ASX:MIO) Days Payable : 1,499.92 (As of Dec. 2023)

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What is Macarthur Minerals Days Payable?

Macarthur Minerals's average Accounts Payable for the three months ended in Dec. 2023 was A$0.26 Mil. Macarthur Minerals's Cost of Goods Sold for the three months ended in Dec. 2023 was A$0.02 Mil. Hence, Macarthur Minerals's Days Payable for the three months ended in Dec. 2023 was 1,499.92.

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

ASX:MIO' s Days Payable Range Over the Past 10 Years
Min: 444.9 Med: 1792.8 Max: 3832.5
Current: 1304.34

During the past 13 years, Macarthur Minerals's highest Days Payable was 3832.50. The lowest was 444.90. And the median was 1792.80.

ASX:MIO's Days Payable is ranked better than
69.22% of 1069 companies
in the Metals & Mining industry
Industry Median: 136.25 vs ASX:MIO: 1304.34

Macarthur Minerals's Days Payable declined from Dec. 2022 (1,616.43) to Dec. 2023 (1,499.92). It may suggest that Macarthur Minerals accelerated paying its suppliers.

Macarthur Minerals Days Payable Historical Data

The historical data trend for Macarthur 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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Macarthur Minerals Days Payable Chart

Macarthur Minerals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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3,340.30

1,460.00

2,125.59

3,832.50

709.72

Macarthur Minerals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															1,616.43	1,362.67	960.53	1,277.50	1,499.92

Competitive Comparison of Macarthur Minerals's Days Payable

For the Other Industrial Metals & Mining subindustry, Macarthur 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.

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

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

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

Macarthur 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.

Macarthur Minerals's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.121	+	0.159)	/	2 )	/	0.072	*	365
=	0.14					/	0.072	*	365
=	709.72

Macarthur 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.263	+	0.263)	/	2 )	/	0.016	*	365 / 4
=	0.263					/	0.016	*	365 / 4
=	1,499.92

Macarthur Minerals Days Payable Related Terms

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Macarthur Minerals (ASX:MIO) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

MMSLF:USA MMS:Canada

Address

Building 1, 40 McDougall Street, Suite 1G, Kings Row Office Park, Milton, QLD, AUS, 4064

Website

https://www.macarthurminerals.com

Macarthur Minerals Ltd is an exploration and development company. The company is focused on identifying gold, nickel and developing high-grade lithium, as well as countercyclical investments with lithium exploration interests in Australia and Nevada. In addition, the group has three Iron Ore projects Yilgarn region of Western Australia; the Ularring hematite project, the Moonshine magnetite project, and the Treppo Grande project. The other projects of the company include Tambourah Lithium; Hillside Gold; Panorama Gold; Bonnie Scot Gold; and Reynolds Springs Lithium.