True North Copper (ASX:TNC) Days Payable : 888.62 (As of Dec. 2023)

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What is True North Copper Days Payable?

True North Copper's average Accounts Payable for the six months ended in Dec. 2023 was A$7.78 Mil. True North Copper's Cost of Goods Sold for the six months ended in Dec. 2023 was A$1.60 Mil. Hence, True North Copper's Days Payable for the six months ended in Dec. 2023 was 888.62.

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

ASX:TNC' s Days Payable Range Over the Past 10 Years
Min: 1015.16 Med: 3502.86 Max: 3502.86
Current: 1015.16

During the past 4 years, True North Copper's highest Days Payable was 3502.86. The lowest was 1015.16. And the median was 3502.86.

ASX:TNC's Days Payable is ranked better than
66.85% of 1068 companies
in the Metals & Mining industry
Industry Median: 136.695 vs ASX:TNC: 1015.16

True North Copper's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (888.62). It may suggest that True North Copper delayed paying its suppliers.

True North Copper Days Payable Historical Data

The historical data trend for True North Copper'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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True North Copper Days Payable Chart

True North Copper Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Days Payable

3,502.86

True North Copper Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			-	-	-	1,671.02	888.62

Competitive Comparison of True North Copper's Days Payable

For the Copper subindustry, True North Copper'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.

True North Copper's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where True North Copper's Days Payable falls into.

True North Copper 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.

True North Copper'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
=	( (0.725	+	5.417)	/	2 )	/	0.32	*	365
=	3.071					/	0.32	*	365
=	3,502.86

True North Copper'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
=	( (5.417	+	10.135)	/	2 )	/	1.597	*	365 / 2
=	7.776					/	1.597	*	365 / 2
=	888.62

True North Copper Days Payable Related Terms

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True North Copper (ASX:TNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » True North Copper Ltd (ASX:TNC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

46-48 Sheridan Street, PO Box 3006, Level 9, Citi Central Tower, Cairns, QLD, AUS, 4870

Website

https://www.truenorthcopper.com.au

True North Copper Ltd is a mining and exploration company. The company mainly explores copper and cobalt projects located in Cloncurry and Mt Oxide. It has having only one reportable segment, being exploration, development and operations for minerals.