Suvo Strategic Minerals (ASX:SUV) Days Payable : 62.16 (As of Dec. 2023)

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What is Suvo Strategic Minerals Days Payable?

Suvo Strategic Minerals's average Accounts Payable for the six months ended in Dec. 2023 was A$2.03 Mil. Suvo Strategic Minerals's Cost of Goods Sold for the six months ended in Dec. 2023 was A$5.96 Mil. Hence, Suvo Strategic Minerals's Days Payable for the six months ended in Dec. 2023 was 62.16.

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

ASX:SUV' s Days Payable Range Over the Past 10 Years
Min: 57.89 Med: 61.91 Max: 68.91
Current: 65.89

During the past 13 years, Suvo Strategic Minerals's highest Days Payable was 68.91. The lowest was 57.89. And the median was 61.91.

ASX:SUV's Days Payable is ranked worse than
65.95% of 1069 companies
in the Metals & Mining industry
Industry Median: 129.08 vs ASX:SUV: 65.89

Suvo Strategic Minerals's Days Payable declined from Dec. 2022 (67.94) to Dec. 2023 (62.16). It may suggest that Suvo Strategic Minerals accelerated paying its suppliers.

Suvo Strategic Minerals Days Payable Historical Data

The historical data trend for Suvo Strategic 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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Suvo Strategic Minerals Days Payable Chart

Suvo Strategic Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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68.91

61.91

57.89

Suvo Strategic Minerals 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															60.74	74.05	67.94	56.28	62.16

Competitive Comparison of Suvo Strategic Minerals's Days Payable

For the Other Industrial Metals & Mining subindustry, Suvo Strategic 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.

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

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

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

Suvo Strategic 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.

Suvo Strategic 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: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (2.251	+	1.226)	/	2 )	/	10.961	*	365
=	1.7385					/	10.961	*	365
=	57.89

Suvo Strategic 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
=	( (1.226	+	2.832)	/	2 )	/	5.957	*	365 / 2
=	2.029					/	5.957	*	365 / 2
=	62.16

Suvo Strategic Minerals Days Payable Related Terms

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Suvo Strategic Minerals (ASX:SUV) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

3610 Glenelg Hwy, Pittong, VIC, AUS, 3360

Website

https://www.suvo.com.au

Suvo Strategic Minerals Ltd is a dual commodity mining company focused on the development of their 100% owned Eneabba Silica Sands Project which is located 300km north of Perth and their 100% owned Gabbin Kaolin Project is located 215km northeast of Perth, Western Australia. The company operates in three segments; Corporate, Exploration & Evaluation and Kaolin Production. The revenue is generated from Kaolin Production segment.

Suvo Strategic Minerals (ASX:SUV) Headlines

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