Develop Global (ASX:DVP) Days Payable : 133.16 (As of Dec. 2023)

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What is Develop Global Days Payable?

Develop Global's average Accounts Payable for the six months ended in Dec. 2023 was A$15.3 Mil. Develop Global's Cost of Goods Sold for the six months ended in Dec. 2023 was A$21.0 Mil. Hence, Develop Global's Days Payable for the six months ended in Dec. 2023 was 133.16.

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

ASX:DVP' s Days Payable Range Over the Past 10 Years
Min: 44.42 Med: 179.84 Max: 315.25
Current: 75.66

During the past 13 years, Develop Global's highest Days Payable was 315.25. The lowest was 44.42. And the median was 179.84.

ASX:DVP's Days Payable is ranked worse than
60.38% of 1065 companies
in the Metals & Mining industry
Industry Median: 129.97 vs ASX:DVP: 75.66

Develop Global's Days Payable increased from Dec. 2022 (78.08) to Dec. 2023 (133.16). It may suggest that Develop Global delayed paying its suppliers.

Develop Global Days Payable Historical Data

The historical data trend for Develop Global'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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Develop Global Days Payable Chart

Develop Global Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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315.25

44.42

Develop Global 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															-	-	78.08	41.12	133.16

Competitive Comparison of Develop Global's Days Payable

For the Other Industrial Metals & Mining subindustry, Develop Global'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.

Develop Global's Days Payable Distribution in the Metals & Mining Industry

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

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

Develop Global 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.

Develop Global'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
=	( (5.778	+	9.862)	/	2 )	/	64.259	*	365
=	7.82					/	64.259	*	365
=	44.42

Develop Global'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
=	( (9.862	+	20.816)	/	2 )	/	21.022	*	365 / 2
=	15.339					/	21.022	*	365 / 2
=	133.16

Develop Global Days Payable Related Terms

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Develop Global (ASX:DVP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Develop Global Ltd (ASX:DVP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VTEXF:USA IHB1:Germany

Address

234 Railway Parade, West Perth, West Leederville, WA, AUS, 6007

Website

https://www.venturexresources.com

Develop Global Ltd, formerly Venturex Resources Ltd is an Australian company focused on the exploration and development of its advanced zinc-copper projects located near Port Hedland in the premier Pilbara mining province of Western Australia. The company owns two advanced Zinc / Copper projects which include Whim Creek project and Sulphur Springs.