Gemfields Group (JSE:GML) Days Payable : 69.09 (As of Dec. 2023)

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What is Gemfields Group Days Payable?

Gemfields Group's average Accounts Payable for the six months ended in Dec. 2023 was R574 Mil. Gemfields Group's Cost of Goods Sold for the six months ended in Dec. 2023 was R1,517 Mil. Hence, Gemfields Group's Days Payable for the six months ended in Dec. 2023 was 69.09.

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

JSE:GML' s Days Payable Range Over the Past 10 Years
Min: 16.64 Med: 18.53 Max: 61.69
Current: 53.81

During the past 13 years, Gemfields Group's highest Days Payable was 61.69. The lowest was 16.64. And the median was 18.53.

JSE:GML's Days Payable is ranked worse than
72.38% of 1068 companies
in the Metals & Mining industry
Industry Median: 136.695 vs JSE:GML: 53.81

Gemfields Group's Days Payable increased from Dec. 2022 (50.65) to Dec. 2023 (69.09). It may suggest that Gemfields Group delayed paying its suppliers.

Gemfields Group Days Payable Historical Data

The historical data trend for Gemfields Group'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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Gemfields Group Days Payable Chart

Gemfields Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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16.98

33.48

16.64

18.53

26.27

Gemfields Group 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															36.30	52.28	50.65	66.13	69.09

Competitive Comparison of Gemfields Group's Days Payable

For the Other Precious Metals & Mining subindustry, Gemfields Group'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.

Gemfields Group's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Gemfields Group's Days Payable falls into.

Gemfields Group 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.

Gemfields Group'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
=	( (179.159	+	251.71)	/	2 )	/	2993.378	*	365
=	215.4345					/	2993.378	*	365
=	26.27

Gemfields Group'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
=	( (897.014	+	251.71)	/	2 )	/	1517.251	*	365 / 2
=	574.362					/	1517.251	*	365 / 2
=	69.09

Gemfields Group Days Payable Related Terms

Thank you for viewing the detailed overview of Gemfields Group's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Gemfields Group (JSE:GML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gemfields Group Ltd (JSE:GML) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PLLHF:USA GEM:UK 5PH:Germany

Address

St Julian’s Avenue, Royal Chambers, PO Box 186, St Peter Port, GGY, GY1 4HP

Website

https://www.gemfieldsgroup.com

Gemfields Group Ltd is engaged in the mining and marketing of colored gemstones. It has mining operations in Zambia for emeralds and amethysts, and in Mozambique for ruby and pink sapphire. The company's segments include Zambia, Mozambique, PGMs, Steel Making Materials, Corporate, Faberge, and Others.

Gemfields Group (JSE:GML) Headlines

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