Pan African Resources (Pan African Resources) Days Payable : 59.10 (As of Dec. 2023)

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What is Pan African Resources Days Payable?

Pan African Resources's average Accounts Payable for the six months ended in Dec. 2023 was $39.2 Mil. Pan African Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was $121.1 Mil. Hence, Pan African Resources's Days Payable for the six months ended in Dec. 2023 was 59.10.

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

PAFRF' s Days Payable Range Over the Past 10 Years
Min: 28.53 Med: 40.52 Max: 92.82
Current: 61.43

During the past 13 years, Pan African Resources's highest Days Payable was 92.82. The lowest was 28.53. And the median was 40.52.

PAFRF's Days Payable is ranked worse than
68.63% of 1068 companies
in the Metals & Mining industry
Industry Median: 131.36 vs PAFRF: 61.43

Pan African Resources's Days Payable increased from Dec. 2022 (54.76) to Dec. 2023 (59.10). It may suggest that Pan African Resources delayed paying its suppliers.

Pan African Resources Days Payable Historical Data

The historical data trend for Pan African 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.

Pan African Resources Days Payable Chart

Pan African Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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45.06

40.87

37.50

43.03

55.26

Pan African 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															47.51	44.30	54.76	60.91	59.10

Competitive Comparison of Pan African Resources's Days Payable

For the Gold subindustry, Pan African 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.

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

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

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

Pan African 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.

Pan African Resources's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (30.003	+	36.361)	/	2 )	/	219.189	*	365
=	33.182					/	219.189	*	365
=	55.26

Pan African 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
=	( (36.361	+	42.049)	/	2 )	/	121.06	*	365 / 2
=	39.205					/	121.06	*	365 / 2
=	59.10

Pan African Resources Days Payable Related Terms

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

Pan African Resources (Pan African Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pan African Resources PLC (OTCPK:PAFRF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PAN:South Africa PAFRY:USA PAF:UK PAF:UK RTZ:Germany

Address

The Firs Office Building, 2nd Floor, Office 204, Corner Cradock and Biermann Avenues, Rosebank, Johannesburg, GT, ZAF, 2196

Website

https://www.panafricanresources.com

Pan African Resources PLC is a precious metals producer based in the United Kingdom. It operates metal mines in South Africa and derives revenue principally through the mining, extraction, and sale of gold. The company conducts its business through the operation of mining projects in various parts of South Africa, such as Barberton Mines, a gold mining project, Phoenix Platinum, and Uitkomst Colliery, located in Newcastle which sell coal to local and export markets. It also operates growth projects, including PAR Gold Proprietary Limited, which derives revenue from providing management and administration services to other group companies.

Pan African Resources (Pan African Resources) Headlines

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