Summit Minerals (ASX:SUM) Days Payable : 0.00 (As of Dec. 2023)

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What is Summit Minerals Days Payable?

Summit Minerals's average Accounts Payable for the six months ended in Dec. 2023 was A$0.17 Mil. Summit Minerals's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.00 Mil.

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

ASX:SUM's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 136.005
* Ranked among companies with meaningful Days Payable only.

Summit Minerals's Days Payable stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Summit Minerals Days Payable Historical Data

The historical data trend for Summit Minerals'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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Summit Minerals Days Payable Chart

Summit Minerals Annual Data

Trend

Jun23

Days Payable

Summit Minerals Semi-Annual Data
	Dec22	Jun23	Dec23
Days Payable	-	-	-

Competitive Comparison of Summit Minerals's Days Payable

For the Other Industrial Metals & Mining subindustry, Summit Minerals'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.

Summit Minerals's Days Payable Distribution in the Metals & Mining Industry

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

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

Summit Minerals 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.

Summit Minerals'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: . 20 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (	+	0.038)	/	1 )	/	0	*	365
=	0.038					/	0	*	365
=	N/A

Summit Minerals'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
=	( (0.038	+	0.309)	/	2 )	/	0	*	365 / 2
=	0.1735					/	0	*	365 / 2
=	N/A

Summit Minerals Days Payable Related Terms

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Summit Minerals (ASX:SUM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Summit Minerals Ltd (ASX:SUM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

389 Oxford Street, Level 1, Mount Hawthorn, WA, AUS, 6016

Website

https://www.summitminerals.com.au

Summit Minerals Ltd engages in acquiring, exploring, and developing battery mineral projects in Australia. It holds interest in the following projects: Stallion REE Uranium Project (WA), the Windfall Antimony Project (NSW), the Phillips River Lithium Project (WA), and the Northern REE Lithium Projects (WA), and the Bridgetown Lithium Projects (WA).