African Minerals (African Minerals) Days Payable : 68.91 (As of Jun. 2014)

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What is African Minerals Days Payable?

African Minerals's average Accounts Payable for the six months ended in Jun. 2014 was $152.1 Mil. African Minerals's Cost of Goods Sold for the six months ended in Jun. 2014 was $402.8 Mil. Hence, African Minerals's Days Payable for the six months ended in Jun. 2014 was 68.91.

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

AMLZF's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 128.35
* Ranked among companies with meaningful Days Payable only.

African Minerals's Days Payable declined from Jun. 2013 (122.36) to Jun. 2014 (68.91). It may suggest that African Minerals accelerated paying its suppliers.

African Minerals Days Payable Historical Data

The historical data trend for African Minerals'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.

African Minerals Days Payable Chart

African Minerals Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Days Payable

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48.29

African Minerals Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
Days Payable	Get a 7-Day Free Trial				-	-	122.36	95.62	68.91

Competitive Comparison of African Minerals's Days Payable

For the Other Industrial Metals & Mining subindustry, African Minerals'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.

African Minerals's Days Payable Distribution in the Metals & Mining Industry

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

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

African Minerals 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.

African Minerals's Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

	Days Payable (A: Dec. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2012 )	+	Accounts Payable (A: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2013 )	*	Days in Period
=	( (96.6	+	77.1)	/	2 )	/	656.4	*	365
=	86.85					/	656.4	*	365
=	48.29

African Minerals's Days Payable for the quarter that ended in Jun. 2014 is calculated as:

	Days Payable (Q: Jun. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2013 )	+	Accounts Payable (Q: Jun. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2014 )	*	Days in Period
=	( (77.1	+	227.1)	/	2 )	/	402.8	*	365 / 2
=	152.1					/	402.8	*	365 / 2
=	68.91

African Minerals Days Payable Related Terms

Thank you for viewing the detailed overview of African Minerals's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

African Minerals (African Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » African Minerals Ltd (GREY:AMLZF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Stratton House, 5 Stratton Street, London, GBR, W1J 8LA

Website

http://www.african-minerals.com

African Minerals Ltd is a mineral exploration and development company. It is engaged in the development, design, construction, and operation of iron ore deposit at Tonkolili, Sierra Leone, and its related rail and port infrastructure. In addition, it is also involved in the marketing and sale of the iron ore produced from this project.

African Minerals (African Minerals) Headlines

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