Newton Resources (HKSE:01231) Days Payable : 22.30 (As of Jun. 2023)

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What is Newton Resources Days Payable?

Newton Resources's average Accounts Payable for the six months ended in Jun. 2023 was HK$200 Mil. Newton Resources's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$1,638 Mil. Hence, Newton Resources's Days Payable for the six months ended in Jun. 2023 was 22.30.

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

HKSE:01231' s Days Payable Range Over the Past 10 Years
Min: 15.87 Med: 35.92 Max: 402.03
Current: 25.99

During the past 14 years, Newton Resources's highest Days Payable was 402.03. The lowest was 15.87. And the median was 35.92.

HKSE:01231's Days Payable is ranked worse than
70.07% of 588 companies
in the Steel industry
Industry Median: 39.59 vs HKSE:01231: 25.99

Newton Resources's Days Payable increased from Jun. 2022 (15.14) to Jun. 2023 (22.30). It may suggest that Newton Resources delayed paying its suppliers.

Newton Resources Days Payable Historical Data

The historical data trend for Newton 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.

Newton Resources Days Payable Chart

Newton Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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24.82

47.01

52.54

24.54

29.79

Newton 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															197.75	15.14	40.38	22.30	25.33

Competitive Comparison of Newton Resources's Days Payable

For the Steel subindustry, Newton 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.

Newton Resources's Days Payable Distribution in the Steel Industry

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

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

Newton 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.

Newton Resources's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (11.496	+	196.465)	/	2 )	/	1546.85	*	365
=	103.9805					/	1546.85	*	365
=	24.54

Newton Resources's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (196.465	+	203.979)	/	2 )	/	1638.232	*	365 / 2
=	200.222					/	1638.232	*	365 / 2
=	22.30

Newton Resources Days Payable Related Terms

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Newton Resources (HKSE:01231) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Newton Resources Ltd (HKSE:01231) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

248 Queen's Road East, Units 4204-05, 42/Floor, Dah Sing Financial Centre, Wan Chai, HKG

Website

https://www.newton-resources.com

Newton Resources Ltd is engaged in trading of iron ore and other commodities. The company recognized revenue derived from sales of iron ore products and other commodities from Mainland China and Other countries.

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