Asiamet Resources (LSE:ARS) Days Payable : 4,917.36 (As of Dec. 2023)

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What is Asiamet Resources Days Payable?

Asiamet Resources's average Accounts Payable for the six months ended in Dec. 2023 was £0.24 Mil. Asiamet Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was £0.01 Mil. Hence, Asiamet Resources's Days Payable for the six months ended in Dec. 2023 was 4,917.36.

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

LSE:ARS' s Days Payable Range Over the Past 10 Years
Min: 1803.71 Med: 4129.7 Max: 15674.72
Current: 5663.03

During the past 13 years, Asiamet Resources's highest Days Payable was 15674.72. The lowest was 1803.71. And the median was 4129.70.

LSE:ARS's Days Payable is ranked better than
83.63% of 1069 companies
in the Metals & Mining industry
Industry Median: 138.32 vs LSE:ARS: 5663.03

Asiamet Resources's Days Payable declined from Dec. 2022 (5,236.01) to Dec. 2023 (4,917.36). It may suggest that Asiamet Resources accelerated paying its suppliers.

Asiamet Resources Days Payable Historical Data

The historical data trend for Asiamet 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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Asiamet Resources Days Payable Chart

Asiamet Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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2,337.74

1,803.71

3,730.51

4,528.88

6,238.18

Asiamet 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															3,832.50	6,102.34	5,236.01	5,692.60	4,917.36

Competitive Comparison of Asiamet Resources's Days Payable

For the Other Industrial Metals & Mining subindustry, Asiamet 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.

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

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

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

Asiamet 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.

Asiamet Resources'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
=	( (0.539	+	0.213)	/	2 )	/	0.022	*	365
=	0.376					/	0.022	*	365
=	6,238.18

Asiamet 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
=	( (0.272	+	0.213)	/	2 )	/	0.009	*	365 / 2
=	0.2425					/	0.009	*	365 / 2
=	4,917.36

Asiamet Resources Days Payable Related Terms

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Asiamet Resources (LSE:ARS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Asiamet Resources Ltd (LSE:ARS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

KMGLF:USA

Address

303 CollinsStreet, Level 17, Melbourne, VIC, AUS, 3000

Website

https://www.asiametresources.com

Asiamet Resources Ltd is a dynamic junior company focused on the exploration and development of its portfolio of large copper-gold deposits on the Indonesian islands of Kalimantan and Sumatra, adjacent to the key growth markets in Asia. The company's only segment is mineral exploration and development. Its project includes Beutong copper-gold, the KSK copper project, BKZ polymetallic project, and KSK prospects.

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