Sandfire Resources (Sandfire Resources) Days Payable : 4,303.09 (As of Dec. 2023)

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What is Sandfire Resources Days Payable?

Sandfire Resources's average Accounts Payable for the six months ended in Dec. 2023 was $157.0 Mil. Sandfire Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was $6.7 Mil. Hence, Sandfire Resources's Days Payable for the six months ended in Dec. 2023 was 4,303.09.

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

SFRRF' s Days Payable Range Over the Past 10 Years
Min: 101.13 Med: 1610.04 Max: 34186.64
Current: 5505.65

During the past 13 years, Sandfire Resources's highest Days Payable was 34186.64. The lowest was 101.13. And the median was 1610.04.

SFRRF's Days Payable is ranked better than
83.29% of 1065 companies
in the Metals & Mining industry
Industry Median: 128.84 vs SFRRF: 5505.65

Sandfire Resources's Days Payable declined from Dec. 2022 (5,762.76) to Dec. 2023 (4,303.09). It may suggest that Sandfire Resources accelerated paying its suppliers.

Sandfire Resources Days Payable Historical Data

The historical data trend for Sandfire 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.

Sandfire Resources Days Payable Chart

Sandfire Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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34,825.78

6,724.78

Sandfire 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															-	5,704.37	5,762.76	7,731.97	4,303.09

Competitive Comparison of Sandfire Resources's Days Payable

For the Copper subindustry, Sandfire 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.

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

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

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

Sandfire 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.

Sandfire Resources'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
=	( (185.872	+	169.786)	/	2 )	/	9.652	*	365
=	177.829					/	9.652	*	365
=	6,724.78

Sandfire 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
=	( (169.786	+	144.139)	/	2 )	/	6.657	*	365 / 2
=	156.9625					/	6.657	*	365 / 2
=	4,303.09

Sandfire Resources Days Payable Related Terms

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Sandfire Resources (Sandfire Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sandfire Resources Ltd (OTCPK:SFRRF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

S2Z:Germany SFR:Australia

Address

10 Kings Park Road, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.sandfire.com.au

Sandfire is a copper-focused mineral exploration and development company. The company's operating segment includes Degrussa operation, MATSA Operations, Black Butte Project, Motheo Operations, Exploration, and Other. The company generates the majority of its revenue from MATSA operation, which consists of the Minas De Aguas Teñidas (MATSA) polymetallic mining complex in Spain, comprising three underground mines and a 4.7Mtpa central processing facility. The mines generate revenue from the sale and delivery of copper, zinc and lead concentrates to customers in Spain. Geographically the company generates the majority of its revenue from Spain.

Sandfire Resources (Sandfire Resources) Headlines

From GuruFocus

Sandfire Resources Stock Shows Every Sign Of Being Fairly Valued

By GF Value GF Value • 05-04-2021