Merafe Resources (JSE:MRF) Days Payable : 1,065.48 (As of Dec. 2023)

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What is Merafe Resources Days Payable?

Merafe Resources's average Accounts Payable for the six months ended in Dec. 2023 was R779 Mil. Merafe Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was R133 Mil. Hence, Merafe Resources's Days Payable for the six months ended in Dec. 2023 was 1,065.48.

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

JSE:MRF' s Days Payable Range Over the Past 10 Years
Min: 285.73 Med: 448.41 Max: 1711.68
Current: 1023.28

During the past 13 years, Merafe Resources's highest Days Payable was 1711.68. The lowest was 285.73. And the median was 448.41.

JSE:MRF's Days Payable is ranked better than
67.58% of 1064 companies
in the Metals & Mining industry
Industry Median: 130.44 vs JSE:MRF: 1023.28

Merafe Resources's Days Payable declined from Dec. 2022 (1,241.29) to Dec. 2023 (1,065.48). It may suggest that Merafe Resources accelerated paying its suppliers.

Merafe Resources Days Payable Historical Data

The historical data trend for Merafe Resources'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.

* Premium members only.

Merafe Resources Days Payable Chart

Merafe Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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285.73

1,024.67

1,711.68

955.60

949.14

Merafe Resources 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															1,378.79	1,403.86	1,241.29	1,054.43	1,065.48

Competitive Comparison of Merafe Resources's Days Payable

For the Other Industrial Metals & Mining subindustry, Merafe Resources'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.

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

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

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

Merafe Resources 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.

Merafe Resources'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
=	( (538.945	+	757.706)	/	2 )	/	249.319	*	365
=	648.3255					/	249.319	*	365
=	949.14

Merafe Resources'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
=	( (800.249	+	757.706)	/	2 )	/	133.426	*	365 / 2
=	778.9775					/	133.426	*	365 / 2
=	1,065.48

Merafe Resources Days Payable Related Terms

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Merafe Resources (JSE:MRF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Merafe Resources Ltd (JSE:MRF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RZT:Germany

Address

35 Ballyclare Drive, Building B, 2nd floor, Ballyoaks Office Park, Bryanston, ZAF, 2191

Website

https://www.meraferesources.co.za

Merafe Resources Ltd through its wholly-owned subsidiary, Merafe Ferrochrome and Mining Proprietary Limited, participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (Venture) operates five ferrochrome smelters, twenty-two ferrochrome furnaces, and nine mines, situated in the North-West, Limpopo, and Mpumalanga provinces of South Africa. The company has operating mines namely, Waterval mine; Marikana West; and Kroondal Gemini. The Group has one reportable segment being the mining and beneficiation of chrome ore into ferrochrome and associated minerals.