GR Engineering Services (ASX:GNG) Days Payable : 81.19 (As of Dec. 2024)

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What is GR Engineering Services Days Payable?

GR Engineering Services's average Accounts Payable for the six months ended in Dec. 2024 was A$59.1 Mil. GR Engineering Services's Cost of Goods Sold for the six months ended in Dec. 2024 was A$132.7 Mil. Hence, GR Engineering Services's Days Payable for the six months ended in Dec. 2024 was 81.19.

The historical rank and industry rank for GR Engineering Services's Days Payable or its related term are showing as below:

ASX:GNG' s Days Payable Range Over the Past 10 Years
Min: 41.51 Med: 56.34 Max: 105.66
Current: 105.66

During the past 13 years, GR Engineering Services's highest Days Payable was 105.66. The lowest was 41.51. And the median was 56.34.

ASX:GNG's Days Payable is ranked worse than
53.25% of 1014 companies
in the Metals & Mining industry
Industry Median: 126.99 vs ASX:GNG: 105.66

GR Engineering Services's Days Payable increased from Dec. 2023 (51.72) to Dec. 2024 (81.19). It may suggest that GR Engineering Services delayed paying its suppliers.

GR Engineering Services Days Payable Historical Data

The historical data trend for GR Engineering Services'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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GR Engineering Services Days Payable Chart

GR Engineering Services Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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60.51

48.33

48.23

61.47

84.03

GR Engineering Services Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Payable	Get a 7-Day Free Trial															49.10	277.13	51.72	164.36	81.19

Competitive Comparison of GR Engineering Services's Days Payable

For the Other Industrial Metals & Mining subindustry, GR Engineering Services'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.

GR Engineering Services's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where GR Engineering Services's Days Payable falls into.

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GR Engineering Services 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.

GR Engineering Services's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

	Days Payable (A: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2023 )	+	Accounts Payable (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (37.003	+	51.177)	/	2 )	/	191.523	*	365
=	44.09					/	191.523	*	365
=	84.03

GR Engineering Services'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
=	( (51.177	+	66.935)	/	2 )	/	132.74	*	365 / 2
=	59.056					/	132.74	*	365 / 2
=	81.19

GR Engineering Services Days Payable Related Terms

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GR Engineering Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GR Engineering Services Ltd (ASX:GNG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

71 Daly Street, Ascot, Perth, WA, AUS, 6104

Website

https://www.gres.com.au

GR Engineering Services Ltd provides process engineering design and construction services to the mining and mineral processing industry and the provision of operations, maintenance and advisory services to the energy sector. Its projects include the Dalgaranga Gold project, Mt Morgan's Project, and the Nova Nickel Project among others. It operates through the below segments: Mineral Processing and Oil and gas. The firm generates the majority of its revenue from the Mineral Processing segment.

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