West African Resources (ASX:WAF) Days Payable : 64.38 (As of Dec. 2023)

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What is West African Resources Days Payable?

West African Resources's average Accounts Payable for the six months ended in Dec. 2023 was A$58.2 Mil. West African Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was A$165.1 Mil. Hence, West African Resources's Days Payable for the six months ended in Dec. 2023 was 64.38.

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

ASX:WAF' s Days Payable Range Over the Past 10 Years
Min: 31.2 Med: 37.85 Max: 56.15
Current: 56.15

During the past 13 years, West African Resources's highest Days Payable was 56.15. The lowest was 31.20. And the median was 37.85.

ASX:WAF's Days Payable is ranked worse than
71.24% of 1071 companies
in the Metals & Mining industry
Industry Median: 130.91 vs ASX:WAF: 56.15

West African Resources's Days Payable declined from Dec. 2022 (80.13) to Dec. 2023 (64.38). It may suggest that West African Resources accelerated paying its suppliers.

West African Resources Days Payable Historical Data

The historical data trend for West African 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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West African Resources Days Payable Chart

West African Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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48.97

33.63

31.20

42.07

West African 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															37.10	102.96	80.13	61.78	64.38

Competitive Comparison of West African Resources's Days Payable

For the Gold subindustry, West African 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.

West African Resources's Days Payable Distribution in the Metals & Mining Industry

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

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

West African 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.

West African 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
=	( (23.853	+	46.251)	/	2 )	/	304.084	*	365
=	35.052					/	304.084	*	365
=	42.07

West African 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
=	( (70.245	+	46.251)	/	2 )	/	165.106	*	365 / 2
=	58.248					/	165.106	*	365 / 2
=	64.38

West African Resources Days Payable Related Terms

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West African Resources (ASX:WAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » West African Resources Ltd (ASX:WAF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

WFRSF:USA W25:Germany

Address

1 Alvan Street, Level 1, Subiaco, WA, AUS, 6008

Website

https://www.westafricanresources.com

West African Resources Ltd is engaged in mineral exploration in Burkina Faso. It focuses on the development of the Sanbrado Gold Project. The Group's mineral portfolio also includes gold and copper-gold exploration permits in Burkina Faso. The company operates in two segments: Mining operations and Exploration.

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