GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortescue Ltd (OTCPK:FSUGY) » Definitions » Days Payable

Fortescue (Fortescue) Days Payable : 68.37 (As of Dec. 2023)


View and export this data going back to 2008. Start your Free Trial

What is Fortescue Days Payable?

Fortescue's average Accounts Payable for the six months ended in Dec. 2023 was $1,189 Mil. Fortescue's Cost of Goods Sold for the six months ended in Dec. 2023 was $3,174 Mil. Hence, Fortescue's Days Payable for the six months ended in Dec. 2023 was 68.37.

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

FSUGY' s Days Payable Range Over the Past 10 Years
Min: 15.24   Med: 25.71   Max: 74.15
Current: 74.15

During the past 13 years, Fortescue's highest Days Payable was 74.15. The lowest was 15.24. And the median was 25.71.

FSUGY's Days Payable is ranked worse than
61.03% of 1065 companies
in the Metals & Mining industry
Industry Median: 129.97 vs FSUGY: 74.15

Fortescue's Days Payable declined from Dec. 2022 (68.80) to Dec. 2023 (68.37). It may suggest that Fortescue accelerated paying its suppliers.

Fortescue Days Payable Historical Data

The historical data trend for Fortescue'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.

* Premium members only.

Fortescue Days Payable Chart

Fortescue Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.25 24.95 43.18 57.93 57.84

Fortescue 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 71.40 68.14 68.80 72.32 68.37

Competitive Comparison of Fortescue's Days Payable

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

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

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

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


Fortescue 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.

Fortescue'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
=( (952 + 984) / 2 ) / 6109*365
=968 / 6109*365
=57.84

Fortescue'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
=( (984 + 1394) / 2 ) / 3174*365 / 2
=1189 / 3174*365 / 2
=68.37

* 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.

Fortescue Days Payable Related Terms

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

Fortescue (Fortescue) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortescue Ltd (OTCPK:FSUGY) » Definitions » Days Payable
Comparable Companies
ASX:MIN ASX:S32 ASX:PLS ASX:IGO ASX:LYC ASX:NIC ASX:ILU ASX:LTR ASX:DRR ASX:BOE ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 SAU:1211 GMEXICOB LSE:AAL MIC:GMKN TSX:TECK.B
Traded in Other Exchanges
FSUMF:USA FVJ:Germany FMG:Australia
Address
87 Adelaide Terrace, Level 2, East Perth, Perth, WA, AUS, 6004
Website
https://www.fortescue.com
Fortescue is an Australia-based iron ore miner. It has grown from obscurity start of 2008 to become the world's fourth-largest producer. Growth was fueled by debt, now repaid. Expansion from 55 million metric tons in fiscal 2012 to about 190 million metric tons in 2023 means Fortescue supplies nearly 10% of global seaborne iron ore. Further expansion above 200 million metric tons is likely once it completes construction of its 22 million metric tons Iron Bridge magnetite mine. However, with longer-term demand likely to decline as China's economy matures, we expect Fortescue's future margins to be below historical averages. More recently, Fortescue diversified into green energy, with ambitions to become a major supplier of green hydrogen and green ammonia. Its efforts are early stage.