Vantage Goldfields (ASX:VGO) Days Payable : 63.83 (As of Jun. 2014)

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What is Vantage Goldfields Days Payable?

Vantage Goldfields's average Accounts Payable for the six months ended in Jun. 2014 was A$6.33 Mil. Vantage Goldfields's Cost of Goods Sold for the six months ended in Jun. 2014 was A$18.11 Mil. Hence, Vantage Goldfields's Days Payable for the six months ended in Jun. 2014 was 63.83.

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

ASX:VGO' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 48.81
Current: 48.81

During the past 3 years, Vantage Goldfields's highest Days Payable was 48.81. The lowest was 0.00. And the median was 0.00.

ASX:VGO's Days Payable is not ranked
in the Metals & Mining industry.
Industry Median: 136.695 vs ASX:VGO: 48.81

Vantage Goldfields's Days Payable declined from Jun. 2013 (83.58) to Jun. 2014 (63.83). It may suggest that Vantage Goldfields accelerated paying its suppliers.

Vantage Goldfields Days Payable Historical Data

The historical data trend for Vantage Goldfields'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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Vantage Goldfields Days Payable Chart

Vantage Goldfields Annual Data

Trend

Dec11

Dec12

Dec13

Days Payable

40.30

40.52

53.36

Vantage Goldfields Semi-Annual Data
	Jun10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
Days Payable	Get a 7-Day Free Trial			54.62	58.75	83.58	65.49	63.83

Competitive Comparison of Vantage Goldfields's Days Payable

For the Gold subindustry, Vantage Goldfields'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.

Vantage Goldfields's Days Payable Distribution in the Metals & Mining Industry

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

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

Vantage Goldfields 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.

Vantage Goldfields's Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

	Days Payable (A: Dec. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2012 )	+	Accounts Payable (A: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2013 )	*	Days in Period
=	( (4.574	+	5.189)	/	2 )	/	33.388	*	365
=	4.8815					/	33.388	*	365
=	53.36

Vantage Goldfields's Days Payable for the quarter that ended in Jun. 2014 is calculated as:

	Days Payable (Q: Jun. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2013 )	+	Accounts Payable (Q: Jun. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2014 )	*	Days in Period
=	( (5.189	+	7.475)	/	2 )	/	18.105	*	365 / 2
=	6.332					/	18.105	*	365 / 2
=	63.83

Vantage Goldfields Days Payable Related Terms

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Vantage Goldfields (ASX:VGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vantage Goldfields Ltd (ASX:VGO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.vantagegoldfields.com

Vantage Goldfields Ltd is an Australian company engaged in the mining and exploration of gold in the Barberton Greenstone Belt of South Africa. The company's mining operations are carried out in the Lily Mine, Barbrook Mines Complex, and the Taylors Mine. The company produces gold from its Lily and Barbrook Mines with a steady rise in the production collectively.

Vantage Goldfields (ASX:VGO) Headlines

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