Persistence Resources Group (HKSE:02489) Days Payable : 18.88 (As of Dec. 2023)

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What is Persistence Resources Group Days Payable?

Persistence Resources Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$10.9 Mil. Persistence Resources Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$104.9 Mil. Hence, Persistence Resources Group's Days Payable for the six months ended in Dec. 2023 was 18.88.

The historical rank and industry rank for Persistence Resources Group's Days Payable or its related term are showing as below:

HKSE:02489' s Days Payable Range Over the Past 10 Years
Min: 19.77 Med: 28.84 Max: 49.57
Current: 19.77

During the past 4 years, Persistence Resources Group's highest Days Payable was 49.57. The lowest was 19.77. And the median was 28.84.

HKSE:02489's Days Payable is ranked worse than
92.42% of 1069 companies
in the Metals & Mining industry
Industry Median: 129.08 vs HKSE:02489: 19.77

Persistence Resources Group's Days Payable declined from Dec. 2022 (22.71) to Dec. 2023 (18.88). It may suggest that Persistence Resources Group accelerated paying its suppliers.

Persistence Resources Group Days Payable Historical Data

The historical data trend for Persistence Resources Group'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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Persistence Resources Group Days Payable Chart

Persistence Resources Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

30.43

49.57

27.24

20.93

Persistence Resources Group Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			-	30.26	22.71	19.48	18.88

Competitive Comparison of Persistence Resources Group's Days Payable

For the Gold subindustry, Persistence Resources Group'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.

Persistence Resources Group's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Persistence Resources Group's Days Payable falls into.

Persistence Resources Group 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.

Persistence Resources Group's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (13.876	+	11.236)	/	2 )	/	218.986	*	365
=	12.556					/	218.986	*	365
=	20.93

Persistence Resources Group'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
=	( (10.474	+	11.236)	/	2 )	/	104.929	*	365 / 2
=	10.855					/	104.929	*	365 / 2
=	18.88

Persistence Resources Group Days Payable Related Terms

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Persistence Resources Group (HKSE:02489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Persistence Resources Group Ltd (HKSE:02489) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

199 Des Voeux Road Centra, Level 20, Infinitus Plaza, Hong Kong, HKG

Website

http://www.persistenceresource.com

Persistence Resources Group Ltd is a gold exploration, mining and processing company. It operates the Songjiagou Open-Pit Mine and Songjiagou Underground Mine in Yantai city of Shandong Province of China. The group has one reportable operating segment which is mining and processing gold that is ultimately sold as gold bullion.

Persistence Resources Group (HKSE:02489) Headlines

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