Atlas Iron (Atlas Iron) Days Payable : 23.91 (As of Dec. 2017)

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What is Atlas Iron Days Payable?

Atlas Iron's average Accounts Payable for the six months ended in Dec. 2017 was $27.7 Mil. Atlas Iron's Cost of Goods Sold for the six months ended in Dec. 2017 was $211.5 Mil. Hence, Atlas Iron's Days Payable for the six months ended in Dec. 2017 was 23.91.

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

ATLGF's Days Payable is not ranked ^*
in the Steel industry.
Industry Median: 39.7
* Ranked among companies with meaningful Days Payable only.

Atlas Iron's Days Payable increased from Dec. 2016 (23.84) to Dec. 2017 (23.91). It may suggest that Atlas Iron delayed paying its suppliers.

Atlas Iron Days Payable Historical Data

The historical data trend for Atlas Iron'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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Atlas Iron Days Payable Chart

Atlas Iron Annual Data

Trend

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Days Payable

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49.06

17.86

15.43

12.49

6.75

Atlas Iron Semi-Annual Data
	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17
Days Payable	Get a 7-Day Free Trial															38.47	35.46	23.84	28.83	23.91

Competitive Comparison of Atlas Iron's Days Payable

For the Steel subindustry, Atlas Iron'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.

Atlas Iron's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Atlas Iron's Days Payable distribution charts can be found below:

* The bar in red indicates where Atlas Iron's Days Payable falls into.

Atlas Iron 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.

Atlas Iron's Days Payable for the fiscal year that ended in Jun. 2017 is calculated as

	Days Payable (A: Jun. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2016 )	+	Accounts Payable (A: Jun. 2017 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2017 )	*	Days in Period
=	( (9.855	+	10.132)	/	2 )	/	540.467	*	365
=	9.9935					/	540.467	*	365
=	6.75

Atlas Iron's Days Payable for the quarter that ended in Dec. 2017 is calculated as:

	Days Payable (Q: Dec. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2017 )	+	Accounts Payable (Q: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2017 )	*	Days in Period
=	( (10.132	+	45.306)	/	2 )	/	211.537	*	365 / 2
=	27.719					/	211.537	*	365 / 2
=	23.91

Atlas Iron Days Payable Related Terms

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Atlas Iron (Atlas Iron) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Atlas Iron Ltd (GREY:ATLGF) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Website

http://www.atlasiron.com.au

Atlas Iron Ltd is an Australian based mining company. The company is engaged in exploration, development, mining, and sale of iron ore. It is mining and exporting Direct Shipping Ore (DSO) from its operations in the Northern Pilbara region of Western Australia. Its products include Atlas fines, Atlas lump, and Value fines.

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