Newfield Resources (ASX:NWF) Days Payable : 682.35 (As of Dec. 2023)

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What is Newfield Resources Days Payable?

Newfield Resources's average Accounts Payable for the six months ended in Dec. 2023 was A$7.48 Mil. Newfield Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was A$2.00 Mil. Hence, Newfield Resources's Days Payable for the six months ended in Dec. 2023 was 682.35.

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

ASX:NWF' s Days Payable Range Over the Past 10 Years
Min: 103.52 Med: 10531.78 Max: 20960.04
Current: 1185.47

During the past 11 years, Newfield Resources's highest Days Payable was 20960.04. The lowest was 103.52. And the median was 10531.78.

ASX:NWF's Days Payable is ranked better than
68.19% of 1069 companies
in the Metals & Mining industry
Industry Median: 136.25 vs ASX:NWF: 1185.47

Newfield Resources's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (682.35). It may suggest that Newfield Resources delayed paying its suppliers.

Newfield Resources Days Payable Historical Data

The historical data trend for Newfield Resources'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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Newfield Resources Days Payable Chart

Newfield Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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20,960.04

Newfield Resources 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															-	-	-	-	682.35

Competitive Comparison of Newfield Resources's Days Payable

For the Other Precious Metals & Mining subindustry, Newfield Resources'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.

Newfield Resources's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Newfield Resources's Days Payable falls into.

Newfield Resources 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.

Newfield Resources'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
=	( (4.343	+	6.591)	/	2 )	/	0	*	365
=	5.467					/	0	*	365
=	N/A

Newfield Resources'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
=	( (6.591	+	8.372)	/	2 )	/	2.001	*	365 / 2
=	7.4815					/	2.001	*	365 / 2
=	682.35

Newfield Resources Days Payable Related Terms

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Newfield Resources (ASX:NWF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newfield Resources Ltd (ASX:NWF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 McCabe Street, North Fremantle, WA, AUS, 6159

Website

https://www.newfieldresources.com.au

Newfield Resources Ltd is engaged in mine development and mineral exploration. The firm operates predominantly in the mineral exploration industry in Australia and Africa. The company's project profile includes The Tongo Diamond Project, Kumgbo Kimberlite Project. Its segments consist of Mining & Development Africa, Mineral Exploration Africa, and Corporate. Geographical segments of the company include Australia, Liberia, and Sierra Leone.

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