DRDGold (DRDGold) Days Payable

: 48.24 (As of Jun. 2023)

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DRDGold's average Accounts Payable for the six months ended in Jun. 2023 was $27.6 Mil. DRDGold's Cost of Goods Sold for the six months ended in Jun. 2023 was $208.6 Mil. Hence, DRDGold's Days Payable for the six months ended in Jun. 2023 was 24.12.

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

DRD' s Days Payable Range Over the Past 10 Years
Min: 29.16 Med: 38.77 Max: 46.41
Current: 44.53

During the past 13 years, DRDGold's highest Days Payable was 46.41. The lowest was 29.16. And the median was 38.77.

DRD's Days Payable is ranked worse than
76.06% of 1065 companies
in the Metals & Mining industry
Industry Median: 129.97 vs DRD: 44.53

DRDGold's Days Payable increased from Jun. 2021 (34.23) to Jun. 2023 (48.24). It may suggest that DRDGold delayed paying its suppliers.

DRDGold Days Payable Historical Data

The historical data trend for DRDGold'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.

DRDGold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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40.95

45.29

34.23

40.50

48.24

DRDGold Semi-Annual Data
	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
Days Payable	Get a 7-Day Free Trial															40.95	45.29	34.23	40.50	48.24

Competitive Comparison

For the Gold subindustry, DRDGold'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.

DRDGold Days Payable Distribution

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

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

DRDGold 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.

DRDGold'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
=	( (27.133	+	28.013)	/	2 )	/	208.644	*	365
=	27.573					/	208.644	*	365
=	48.24

DRDGold'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: Jun. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (27.133	+	28.013)	/	2 )	/	208.644	*	365 / 2
=	27.573					/	208.644	*	365 / 2
=	24.12

DRDGold Days Payable Related Terms

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DRDGold (DRDGold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » DRDGold Ltd (NYSE:DRD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

DRD:South Africa DRDGF:USA 0ICU:UK DUB1:Germany

Address

Cnr 14th Avenue and Hendrik Potgieter Road, Constantia Office Park, Cycad House, Building 17, Ground Floor, Weltevreden Park, ZAF, 1709

Website

https://www.drdgold.com

DRDGold Ltd is a South African gold mining company engaged in surface gold tailings retreatment including exploration, extraction, processing, and smelting. It has two operating segments: the Ergo which is a surface gold retreatment operation that treats old slime dams and sand dumps to the south of Johannesburg's central the business district as well as the East and Central Rand goldfields; and the FWGR which is a surface gold retreatment operation and treats old slime dams in the West Rand goldfields. The Ergo segment derives a vast majority of the revenue.

DRDGold (DRDGold) Headlines

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