Coronado Global Resources (ASX:CRN) Days Payable : 18.48 (As of Dec. 2023)

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What is Coronado Global Resources Days Payable?

Coronado Global Resources's average Accounts Payable for the six months ended in Dec. 2023 was A$147 Mil. Coronado Global Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was A$1,449 Mil. Hence, Coronado Global Resources's Days Payable for the six months ended in Dec. 2023 was 18.48.

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

ASX:CRN' s Days Payable Range Over the Past 10 Years
Min: 15.81 Med: 18.47 Max: 26.08
Current: 18.13

During the past 6 years, Coronado Global Resources's highest Days Payable was 26.08. The lowest was 15.81. And the median was 18.47.

ASX:CRN's Days Payable is ranked worse than
80.78% of 588 companies
in the Steel industry
Industry Median: 39.59 vs ASX:CRN: 18.13

Coronado Global Resources's Days Payable increased from Dec. 2022 (17.01) to Dec. 2023 (18.48). It may suggest that Coronado Global Resources delayed paying its suppliers.

Coronado Global Resources Days Payable Historical Data

The historical data trend for Coronado Global 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.

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Coronado Global Resources Days Payable Chart

Coronado Global Resources Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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18.41

26.08

25.72

18.52

18.40

Coronado Global Resources Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial						28.41	21.65	17.01	17.36	18.48

Competitive Comparison of Coronado Global Resources's Days Payable

For the Coking Coal subindustry, Coronado Global 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.

Coronado Global Resources's Days Payable Distribution in the Steel Industry

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

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

Coronado Global 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.

Coronado Global 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
=	( (91.558	+	169.23)	/	2 )	/	2587.055	*	365
=	130.394					/	2587.055	*	365
=	18.40

Coronado Global 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
=	( (124.314	+	169.23)	/	2 )	/	1449.47	*	365 / 2
=	146.772					/	1449.47	*	365 / 2
=	18.48

Coronado Global Resources Days Payable Related Terms

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Coronado Global Resources (ASX:CRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Coronado Global Resources Inc (ASX:CRN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CODQL:USA 0QE:Germany

Address

345 Queen Street, Level 33, Central Plaza One, Brisbane, QLD, AUS, 4000

Website

https://www.coronadoglobal.com

Coronado Global Resources Inc is a producer of high-quality metallurgical coal, an essential element in the production of steel. Its geographical segment includes Australia and the United States. It derives the majority of its revenue from Australia. The Company's mining operations and development projects are located in Queensland, Australia, Pennsylvania, Virginia, and West Virginia in the United States.

Coronado Global Resources (ASX:CRN) Headlines

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