Red River Resources (ASX:RVR) Days Payable : 67.76 (As of Jun. 2022)

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What is Red River Resources Days Payable?

Red River Resources's average Accounts Payable for the six months ended in Jun. 2022 was A$9.8 Mil. Red River Resources's Cost of Goods Sold for the six months ended in Jun. 2022 was A$26.4 Mil. Hence, Red River Resources's Days Payable for the six months ended in Jun. 2022 was 67.76.

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

ASX:RVR's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 138.82
* Ranked among companies with meaningful Days Payable only.

Red River Resources's Days Payable declined from Jun. 2021 (107.85) to Jun. 2022 (67.76). It may suggest that Red River Resources accelerated paying its suppliers.

Red River Resources Days Payable Historical Data

The historical data trend for Red River 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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Red River Resources Days Payable Chart

Red River Resources Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Days Payable

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60.01

24.08

15.75

30.37

40.06

Red River Resources Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Days Payable	Get a 7-Day Free Trial															92.59	89.85	107.85	67.64	67.76

Competitive Comparison of Red River Resources's Days Payable

For the Other Industrial Metals & Mining subindustry, Red River 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.

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

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

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

Red River 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.

Red River Resources's Days Payable for the fiscal year that ended in Jun. 2022 is calculated as

	Days Payable (A: Jun. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2021 )	+	Accounts Payable (A: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2022 )	*	Days in Period
=	( (5.881	+	5.741)	/	2 )	/	52.941	*	365
=	5.811					/	52.941	*	365
=	40.06

Red River Resources's Days Payable for the quarter that ended in Jun. 2022 is calculated as:

	Days Payable (Q: Jun. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2021 )	+	Accounts Payable (Q: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2022 )	*	Days in Period
=	( (13.829	+	5.741)	/	2 )	/	26.353	*	365 / 2
=	9.785					/	26.353	*	365 / 2
=	67.76

Red River Resources Days Payable Related Terms

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Red River Resources (ASX:RVR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red River Resources Ltd (ASX:RVR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

18144 Flinders Highway, Thalanga Mine, Charters Towers, QLD, AUS, 4820

Website

https://www.redriverresources.com.au

Red River Resources Ltd is seeking to build a multi-asset operating business focused on base and precious metals with the objective of delivering prosperity through lean and clever resource development. Its foundation asset is the Thalanga Base Metal Operation in Northern Queensland, where the company commenced copper, lead and zinc concentrate production in September 2017. It has acquired the high-grade Hillgrove Gold Project in New South Wales, which will enable the company to build a multi-asset operating business focused on base and precious metals. The company operates only in the industry of exploration for and development of minerals in Australia.