Kumba Iron Ore (Kumba Iron Ore) Days Payable : 291.87 (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Kumba Iron Ore Days Payable?

Kumba Iron Ore's average Accounts Payable for the six months ended in Dec. 2023 was $423 Mil. Kumba Iron Ore's Cost of Goods Sold for the six months ended in Dec. 2023 was $265 Mil. Hence, Kumba Iron Ore's Days Payable for the six months ended in Dec. 2023 was 291.87.

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

KIROY' s Days Payable Range Over the Past 10 Years
Min: 59.34 Med: 115.74 Max: 428.97
Current: 305.74

During the past 13 years, Kumba Iron Ore's highest Days Payable was 428.97. The lowest was 59.34. And the median was 115.74.

KIROY's Days Payable is ranked better than
96.94% of 588 companies
in the Steel industry
Industry Median: 39.7 vs KIROY: 305.74

Kumba Iron Ore's Days Payable declined from Dec. 2022 (1,693.89) to Dec. 2023 (291.87). It may suggest that Kumba Iron Ore accelerated paying its suppliers.

Kumba Iron Ore Days Payable Historical Data

The historical data trend for Kumba Iron Ore'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.

Kumba Iron Ore Days Payable Chart

Kumba Iron Ore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

130.25

188.28

214.22

449.34

273.55

Kumba Iron Ore 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															333.68	293.32	1,693.89	383.39	291.87

Competitive Comparison of Kumba Iron Ore's Days Payable

For the Steel subindustry, Kumba Iron Ore'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.

Kumba Iron Ore's Days Payable Distribution in the Steel Industry

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

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

Kumba Iron Ore 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.

Kumba Iron Ore'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
=	( (351.678	+	349.545)	/	2 )	/	467.831	*	365
=	350.6115					/	467.831	*	365
=	273.55

Kumba Iron Ore'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
=	( (496.938	+	349.545)	/	2 )	/	264.641	*	365 / 2
=	423.2415					/	264.641	*	365 / 2
=	291.87

Kumba Iron Ore Days Payable Related Terms

Thank you for viewing the detailed overview of Kumba Iron Ore's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Kumba Iron Ore (Kumba Iron Ore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kumba Iron Ore Ltd (OTCPK:KIROY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

KIO:South Africa KUI:Germany

Address

144 Oxford Road, Rosebank, Melrose, Johannesburg, GT, ZAF, 2196

Website

https://www.angloamericankumba.com

Kumba Iron Ore Ltd is engaged in the exploration, mining, processing blending and sale of iron ore to the global steel industry. The company primarily operates in South Africa, with mining operations in the Northern Cape and Limpopo provinces, as well as a head office in Centurion, Gauteng, and a port operation in Saldanha Bay, Western Cape. The company's flagship asset is the Sishen mine, which it holds a majority stake, located near the town of Kathu in the Northern Cape Province. The Sishen mine is an opencast mine and produces the bulk of the group's iron ore, most of which is exported. It also holds interest in Kolomela mine.

Kumba Iron Ore (Kumba Iron Ore) Headlines

From GuruFocus

Kumba Iron Ore Stock Shows Every Sign Of Being Fairly Valued

By GF Value GF Value • 04-08-2021

This South African Company Is More Valuable Than Chesapeake Energy

By Mark Yu Mark Yu • 02-14-2016