Champion Iron (ASX:CIA) Days Payable : 73.55 (As of Dec. 2023)

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What is Champion Iron Days Payable?

Champion Iron's average Accounts Payable for the three months ended in Dec. 2023 was A$241 Mil. Champion Iron's Cost of Goods Sold for the three months ended in Dec. 2023 was A$299 Mil. Hence, Champion Iron's Days Payable for the three months ended in Dec. 2023 was 73.55.

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

ASX:CIA' s Days Payable Range Over the Past 10 Years
Min: 34.15 Med: 54.39 Max: 2017.03
Current: 69.82

During the past 11 years, Champion Iron's highest Days Payable was 2017.03. The lowest was 34.15. And the median was 54.39.

ASX:CIA's Days Payable is ranked better than
70.58% of 588 companies
in the Steel industry
Industry Median: 39.7 vs ASX:CIA: 69.82

Champion Iron's Days Payable declined from Dec. 2022 (77.54) to Dec. 2023 (73.55). It may suggest that Champion Iron accelerated paying its suppliers.

Champion Iron Days Payable Historical Data

The historical data trend for Champion Iron'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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Champion Iron Days Payable Chart

Champion Iron Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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40.13

34.15

52.33

87.31

56.45

Champion Iron Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															77.54	54.38	68.62	82.86	73.55

Competitive Comparison of Champion Iron's Days Payable

For the Steel subindustry, Champion Iron'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.

Champion Iron's Days Payable Distribution in the Steel Industry

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

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

Champion Iron 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.

Champion Iron's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (171.478	+	148.145)	/	2 )	/	1033.268	*	365
=	159.8115					/	1033.268	*	365
=	56.45

Champion Iron'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (255.189	+	226.494)	/	2 )	/	298.82	*	365 / 4
=	240.8415					/	298.82	*	365 / 4
=	73.55

Champion Iron Days Payable Related Terms

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Champion Iron (ASX:CIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Champion Iron Ltd (ASX:CIA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CIAFF:USA MMPI:Germany CIA:Canada

Address

91 Evans Street, Level 1, Rozelle, Sydney, NSW, AUS, 2039

Website

https://www.championiron.com

Champion Iron Ltd is engaged in the exploration and development of iron ore properties in Quebec, Canada. The company projects include Fire Lake North, Powderhorn/Gullbridge, Moire, Quinto Claims, Harvey Tuttle, O'keefe-Purdy, and others. Its segment includes Iron Ore Concentrate; Exploration and Evaluation and Corporate. The company generates maximum revenue from the Iron Ore Concentrate segment.