Griffin Mining (LSE:GFM) Days Payable : 99.36 (As of Jun. 2023)

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What is Griffin Mining Days Payable?

Griffin Mining's average Accounts Payable for the six months ended in Jun. 2023 was £20.6 Mil. Griffin Mining's Cost of Goods Sold for the six months ended in Jun. 2023 was £37.8 Mil. Hence, Griffin Mining's Days Payable for the six months ended in Jun. 2023 was 99.36.

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

LSE:GFM' s Days Payable Range Over the Past 10 Years
Min: 69.69 Med: 105.75 Max: 181.15
Current: 108.91

During the past 13 years, Griffin Mining's highest Days Payable was 181.15. The lowest was 69.69. And the median was 105.75.

LSE:GFM's Days Payable is ranked worse than
53.46% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs LSE:GFM: 108.91

Griffin Mining's Days Payable declined from Jun. 2022 (224.22) to Jun. 2023 (99.36). It may suggest that Griffin Mining accelerated paying its suppliers.

Griffin Mining Days Payable Historical Data

The historical data trend for Griffin Mining'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.

Griffin Mining Days Payable Chart

Griffin Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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79.07

82.93

108.84

85.58

102.66

Griffin Mining Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															171.13	121.95	224.22	99.05	99.36

Competitive Comparison of Griffin Mining's Days Payable

For the Other Industrial Metals & Mining subindustry, Griffin Mining'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.

Griffin Mining's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Griffin Mining's Days Payable falls into.

Griffin Mining 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.

Griffin Mining'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
=	( (14.557	+	13.965)	/	2 )	/	50.702	*	365
=	14.261					/	50.702	*	365
=	102.66

Griffin Mining'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
=	( (13.965	+	27.239)	/	2 )	/	37.841	*	365 / 2
=	20.602					/	37.841	*	365 / 2
=	99.36

Griffin Mining Days Payable Related Terms

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Griffin Mining (LSE:GFM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Griffin Mining Ltd (LSE:GFM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GG7:Germany

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM11

Website

http://www.griffinmining.com

Griffin Mining Ltd is a mining and investment company. It is principally engaged in mining and exploration activities. The company is engaged in the Caijiaying zinc gold mine in the PRC.

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