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Mineral Resources (ASX:MIN) Days Payable

: 0.00 (As of Dec. 2023)
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Mineral Resources's average Accounts Payable for the six months ended in Dec. 2023 was A$1,016 Mil. Mineral Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was A$-5 Mil.

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

ASX:MIN' s Days Payable Range Over the Past 10 Years
Min: 122.11   Med: 487.72   Max: 1471.53
Current: 518.83

During the past 13 years, Mineral Resources's highest Days Payable was 1471.53. The lowest was 122.11. And the median was 487.72.

ASX:MIN's Days Payable is ranked better than
63.1% of 1065 companies
in the Metals & Mining industry
Industry Median: 128.84 vs ASX:MIN: 518.83

Mineral Resources's Days Payable stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Mineral Resources Days Payable Historical Data

The historical data trend for Mineral 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.

* Premium members only.

Mineral Resources Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 885.26 1,151.44 698.60 401.64 395.36

Mineral Resources 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,731.94 190.02 - 228.31 -
Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Mineral 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.

Mineral Resources Days Payable Distribution

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

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


Mineral 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.

Mineral Resources'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
=( (588.2 + 861.3) / 2 ) / 669.1*365
=724.75 / 669.1*365
=395.36

Mineral 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
=( (861.3 + 1170.2) / 2 ) / -5.2000000000003*365 / 2
=1015.75 / -5.2000000000003*365 / 2
=N/A

* 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.

Mineral Resources Days Payable Related Terms

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

Mineral Resources (ASX:MIN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mineral Resources Ltd (ASX:MIN) » Definitions » Days Payable
Comparable Companies
ASX:S32 ASX:PLS ASX:IGO ASX:LYC ASX:NIC ASX:ILU ASX:LTR ASX:DRR ASX:BOE ASX:AZS ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 GMEXICOB LSE:AAL MIC:GMKN
Traded in Other Exchanges
MALRY:USA MALRF:USA F5J:Germany F5J:Germany
Address
20 Walters Drive, Osborne Park, Applecross, Western Australia, WA, AUS, 6017
Website
https://www.mineralresources.com.au
Mineral Resources listed on the ASX in 2006 following the merger of three mining services businesses. The subsidiary companies were previously owned by managing director Chris Ellison, who remains a large shareholder despite selling down. Operations include iron ore and lithium mining, iron ore crushing and screening services for third parties, and engineering and construction for mining companies. Mining and contracting activity is focused in Western Australia.