Ramaco Resources (Ramaco Resources) Days Payable : 33.78 (As of Dec. 2023)

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What is Ramaco Resources Days Payable?

Ramaco Resources's average Accounts Payable for the three months ended in Dec. 2023 was $51.6 Mil. Ramaco Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was $139.4 Mil. Hence, Ramaco Resources's Days Payable for the three months ended in Dec. 2023 was 33.78.

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

METC' s Days Payable Range Over the Past 10 Years
Min: 25.3 Med: 31.17 Max: 398.29
Current: 35.14

During the past 10 years, Ramaco Resources's highest Days Payable was 398.29. The lowest was 25.30. And the median was 31.17.

METC's Days Payable is ranked worse than
55.61% of 588 companies
in the Steel industry
Industry Median: 39.59 vs METC: 35.14

Ramaco Resources's Days Payable increased from Dec. 2022 (31.05) to Dec. 2023 (33.78). It may suggest that Ramaco Resources delayed paying its suppliers.

Ramaco Resources Days Payable Historical Data

The historical data trend for Ramaco 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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Ramaco Resources Days Payable Chart

Ramaco Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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30.39

28.10

25.30

27.50

31.95

Ramaco Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															31.05	34.95	45.82	31.98	33.78

Competitive Comparison of Ramaco Resources's Days Payable

For the Coking Coal subindustry, Ramaco 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.

Ramaco Resources's Days Payable Distribution in the Steel Industry

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

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

Ramaco 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.

Ramaco 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
=	( (34.825	+	51.624)	/	2 )	/	493.793	*	365
=	43.2245					/	493.793	*	365
=	31.95

Ramaco 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (51.584	+	51.624)	/	2 )	/	139.41	*	365 / 4
=	51.604					/	139.41	*	365 / 4
=	33.78

Ramaco Resources Days Payable Related Terms

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Ramaco Resources (Ramaco Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ramaco Resources Inc (NAS:METC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

METCB:USA

Address

250 West Main Street, Suite 1900, Lexington, KY, USA, 40507

Website

https://www.ramacoresources.com

Ramaco Resources Inc is a United States-based company engaged in operating and developing high-quality, low-cost metallurgical coal in southern West Virginia, southwestern Virginia and southwestern Pennsylvania. Its only revenue-generating product is metallurgical coal which is used to make metallurgical coke. This is used as an input in the blast furnace steel-making process. The company's customer base encompasses U.S.-based blast furnace steel mills and U.S.-based coke plants, as well as international metallurgical coal consumers. Ramaco's portfolio comprises of the Elk Creek, Berwind, RAM Mine, and Knox Creek projects.

Executives

Bryan H Lawrence	director	C/O CROSSTEX ENERGY HOLDINGS INC, 2501 CEDAR SPRINGS STE 600, DALLAS TX 75201
Peter A Leidel	director
Yorktown Energy Partners Ix, L.p.	10 percent owner	410 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Yorktown Ix Associates Llc	10 percent owner	410 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10022
Yorktown Energy Partners Xi, L.p.	10 percent owner	410 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Yorktown Xi Associates Llc	10 percent owner	410 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10022
Richard M Whiting	director	250 WEST MAIN STREET, SUITE 210, LEXINGTON KY 40507
Frischkorn David E K	director	1301 MCKINNEY ST., SUITE 3550, HOUSTON TX 77010-3053
Aurelia Skipwith Giacometto	director	20 F STREET, NW SUITE 700, WASHINGTON DC 40509
James Scott Kreutzer	officer: SVP & Chief Admin. Officer	C/O CONTURA ENERGY, INC., 340 MARTIN LUTHER KING JR. BLVD., BRISTOL TN 37620
Horn Paul Bryan Jr.	officer: SVP & Chief Mine Dev. Officer	C/O RAMACO RESOURCES, 20 F STREET NW, SUITE 700, WASHINGTON DC 20001
Energy Capital Partners Mezzanine Opportunities Fund A, Lp	10 percent owner	51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Energy Capital Partners Mezzanine, Llc	10 percent owner	51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Energy Capital Partners Mezzanine Opportunities Fund, Lp	10 percent owner	51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Jason Todd Fannin	officer: Chief Commercial Officer	1529 EDGEMONT AVE., BRISTOL VA 37620