29Metals (ASX:29M) Days Payable : 77.21 (As of Dec. 2024)

View and export this data going back to 2021. Start your Free Trial

What is 29Metals Days Payable?

29Metals's average Accounts Payable for the six months ended in Dec. 2024 was A$79.9 Mil. 29Metals's Cost of Goods Sold for the six months ended in Dec. 2024 was A$188.8 Mil. Hence, 29Metals's Days Payable for the six months ended in Dec. 2024 was 77.21.

The historical rank and industry rank for 29Metals's Days Payable or its related term are showing as below:

ASX:29M' s Days Payable Range Over the Past 10 Years
Min: 16.24 Med: 28.91 Max: 51.47
Current: 45.89

During the past 5 years, 29Metals's highest Days Payable was 51.47. The lowest was 16.24. And the median was 28.91.

ASX:29M's Days Payable is ranked worse than
75.3% of 1012 companies
in the Metals & Mining industry
Industry Median: 125.27 vs ASX:29M: 45.89

29Metals's Days Payable increased from Dec. 2023 (69.20) to Dec. 2024 (77.21). It may suggest that 29Metals delayed paying its suppliers.

29Metals Days Payable Historical Data

The historical data trend for 29Metals'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.

29Metals Days Payable Chart

29Metals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

51.47

28.10

29.72

16.24

29Metals Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Payable	Get a 7-Day Free Trial			79.61	52.19	69.20	49.06	77.21

Competitive Comparison of 29Metals's Days Payable

For the Other Precious Metals & Mining subindustry, 29Metals'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.

29Metals's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, 29Metals's Days Payable distribution charts can be found below:

* The bar in red indicates where 29Metals's Days Payable falls into.

Save Embed

;

Save Embed

;

29Metals 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.

29Metals's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (12.2	+	28.361)	/	2 )	/	455.903	*	365
=	20.2805					/	455.903	*	365
=	16.24

29Metals's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (131.389	+	28.361)	/	2 )	/	188.806	*	365 / 2
=	79.875					/	188.806	*	365 / 2
=	77.21

29Metals Days Payable Related Terms

Thank you for viewing the detailed overview of 29Metals's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

29Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » 29Metals Ltd (ASX:29M) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TWNMF:USA

Address

150 Collins Street, Level 2, Melbourne, VIC, AUS, 3000

Website

https://www.29metals.com

29Metals Ltd is a copper-focused base and precious metals mining company. It has two long-life, producing assets: Golden Grove in Western Australia (copper, zinc, gold, and silver) and Capricorn Copper in Queensland (copper and silver). The group has three reportable segments which are Golden Grove, Capricorn Copper, and Exploration (which includes Redhill and regional exploration activities at Golden Grove and Capricorn Copper), and the majority of its revenue is generated from golden grove.

29Metals Headlines

No Headlines