Adriatic Metals (LSE:ADT1) Days Payable : 2,850.33 (As of Dec. 2023)

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What is Adriatic Metals Days Payable?

Adriatic Metals's average Accounts Payable for the six months ended in Dec. 2023 was £6.08 Mil. Adriatic Metals's Cost of Goods Sold for the six months ended in Dec. 2023 was £0.39 Mil. Hence, Adriatic Metals's Days Payable for the six months ended in Dec. 2023 was 2,850.33.

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

LSE:ADT1' s Days Payable Range Over the Past 10 Years
Min: 309.63 Med: 983.84 Max: 3458.43
Current: 2535.28

During the past 7 years, Adriatic Metals's highest Days Payable was 3458.43. The lowest was 309.63. And the median was 983.84.

LSE:ADT1's Days Payable is ranked better than
76.22% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs LSE:ADT1: 2535.28

Adriatic Metals's Days Payable increased from Dec. 2022 (362.80) to Dec. 2023 (2,850.33). It may suggest that Adriatic Metals delayed paying its suppliers.

Adriatic Metals Days Payable Historical Data

The historical data trend for Adriatic Metals'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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Adriatic Metals Days Payable Chart

Adriatic Metals Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

Days Payable

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309.63

1,171.73

945.68

433.29

3,458.43

Adriatic Metals Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial							1,403.10	842.61	362.80	1,058.93	2,850.33

Competitive Comparison of Adriatic Metals's Days Payable

For the Other Industrial Metals & Mining subindustry, Adriatic Metals'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.

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

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

* The bar in red indicates where Adriatic Metals's Days Payable falls into.

Adriatic Metals 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.

Adriatic Metals'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
=	( (2.123	+	10.839)	/	2 )	/	0.684	*	365
=	6.481					/	0.684	*	365
=	3,458.43

Adriatic Metals'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
=	( (1.312	+	10.839)	/	2 )	/	0.389	*	365 / 2
=	6.0755					/	0.389	*	365 / 2
=	2,850.33

Adriatic Metals Days Payable Related Terms

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Adriatic Metals (LSE:ADT1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Adriatic Metals PLC (LSE:ADT1) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ADTLF:USA ADMLF:USA ADT1l:UK 3FN:Germany ADT:Australia

Address

65 Rodney Road, Ground Floor, Regent House, Cheltenham, GBR, GL50 1HX

Website

https://www.adriaticmetals.com

Adriatic Metals PLC is engaged in mineral exploration. The projects of the company are The Veovaca and The Raska. The Veovaca is historic open-cut zinc, lead, barite, and silver mine and the Raska project is an advanced exploration project which exhibits exceptionally high grades of the base and precious metals and is located approximately 17km North-West of the Veovaca Project.

Adriatic Metals (LSE:ADT1) Headlines

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