Resolute Mining (ASX:RSG) Days Payable : 32.03 (As of Dec. 2023)

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What is Resolute Mining Days Payable?

Resolute Mining's average Accounts Payable for the six months ended in Dec. 2023 was A$67.9 Mil. Resolute Mining's Cost of Goods Sold for the six months ended in Dec. 2023 was A$386.8 Mil. Hence, Resolute Mining's Days Payable for the six months ended in Dec. 2023 was 32.03.

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

ASX:RSG' s Days Payable Range Over the Past 10 Years
Min: 12.35 Med: 28.75 Max: 58.14
Current: 28.14

During the past 13 years, Resolute Mining's highest Days Payable was 58.14. The lowest was 12.35. And the median was 28.75.

ASX:RSG's Days Payable is ranked worse than
87.08% of 1068 companies
in the Metals & Mining industry
Industry Median: 135.555 vs ASX:RSG: 28.14

Resolute Mining's Days Payable declined from Dec. 2022 (32.82) to Dec. 2023 (32.03). It may suggest that Resolute Mining accelerated paying its suppliers.

Resolute Mining Days Payable Historical Data

The historical data trend for Resolute 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.

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Resolute Mining Days Payable Chart

Resolute Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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33.52

32.51

26.49

19.99

22.55

Resolute Mining 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															41.79	39.03	32.82	29.80	32.03

Competitive Comparison of Resolute Mining's Days Payable

For the Gold subindustry, Resolute 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.

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

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

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

Resolute 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.

Resolute Mining's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (42.885	+	52.704)	/	2 )	/	773.496	*	365
=	47.7945					/	773.496	*	365
=	22.55

Resolute Mining'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
=	( (83.067	+	52.704)	/	2 )	/	386.751	*	365 / 2
=	67.8855					/	386.751	*	365 / 2
=	32.03

Resolute Mining Days Payable Related Terms

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Resolute Mining (ASX:RSG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Resolute Mining Ltd (ASX:RSG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RMGGF:USA RSG:UK RSM:Germany

Address

152 St Georges Terrace, Level 37, Central Park Tower, Perth, WA, AUS, 6000

Website

https://www.rml.com.au

Resolute Mining Ltd is an Australia-based gold producer. Its principal activities include gold mining, prospecting, and exploration of minerals. The company organizes its operations into three main business divisions, namely: Mako (Senegal), and Syama (Mali). The firm generates the majority of its revenue from the Syama (Mali) segment. Syama is a robust, long-life asset comprising an underground mine and associated sulphide processing circuit, along with satellite open pit operations which provide ore feed to a separate oxide processing circuit. Mako is a high-quality, open-pit gold mine.