Continental Coal (ASX:CCC) Days Payable: 50.07 (As of Jun. 2014)


What is Continental Coal Days Payable?

Continental Coal ASX:CCC Days Payable is 50.07 as of Jun. 2014. The stock has 4 warning signs investors should review.

Continental Coal's average Accounts Payable for the six months ended in Jun. 2014 was A$8.34 Mil. Continental Coal's Cost of Goods Sold for the six months ended in Jun. 2014 was A$30.41 Mil. Hence, Continental Coal's Days Payable for the six months ended in Jun. 2014 was 50.07.

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

ASX:CCC' s Days Payable Range Over the Past 10 Years
Min: 0   Med: 0   Max: 31.17
Current: 31.17

During the past 4 years, Continental Coal's highest Days Payable was 31.17. The lowest was 0.00. And the median was 0.00.

ASX:CCC's Days Payable is not ranked
in the Steel industry.
Industry Median: 41.4 vs ASX:CCC: 31.17

Continental Coal's Days Payable declined from Jun. 2013 (87.67) to Jun. 2014 (50.07). It may suggest that Continental Coal accelerated paying its suppliers.

Continental Coal Days Payable Historical Data

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The historical data trend for Continental Coal'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.

Continental Coal Days Payable Chart

Continental Coal Annual Data
Trend Jun11 Jun12 Jun13 Jun14
Days Payable
106.78 71.68 70.82 40.31

Continental Coal Semi-Annual Data
Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14
Days Payable Get a 7-Day Free Trial 77.21 121.75 87.67 50.74 50.07

Continental Coal Days Payable Competitor Comparison

For the Coking Coal subindustry, Continental Coal'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.

Continental Coal Days Payable vs Steel Industry

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

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


Continental Coal 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.

Continental Coal's Days Payable for the fiscal year that ended in Jun. 2014 is calculated as

Days Payable (A: Jun. 2014 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2013 ) + Accounts Payable (A: Jun. 2014 )) / count ) / Cost of Goods Sold (A: Jun. 2014 )*Days in Period
=( (8.997 + 5.67) / 2 ) / 66.399*365
=7.3335 / 66.399*365
=40.31

Continental Coal'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
=( (11.016 + 5.67) / 2 ) / 30.41*365 / 2
=8.343 / 30.41*365 / 2
=50.07

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 50.07 mean?
Continental Coal (ASX:CCC) has a Days Payable of 50.07 as of Jun. 2014. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Continental Coal and its competitors.
Is Continental Coal's Days Payable too high?
Continental Coal's current Days Payable is 50.07. The Steel industry median Days Payable is 41.40. Continental Coal's value of 50.07 is 20.9% above this industry median.
How does Continental Coal's Days Payable compare to competitors?
Continental Coal's Days Payable of 50.07 can be compared against companies in the Steel industry. The industry median Days Payable is 41.40. Continental Coal's value of 50.07 is 20.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Steel company?
The median Days Payable among Steel companies is 41.40, based on 602 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Continental Coal's current Days Payable of 50.07 is 20.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Continental Coal and its competitors. For the Steel industry, the median Days Payable is 41.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Continental Coal's current Days Payable is 50.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Continental Coal stock overvalued right now?
Continental Coal (ASX:CCC) has a current Days Payable of 50.07. The current Days Payable is 50.07 and 20.9% above the Steel industry median of 41.40. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Continental Coal (ASX:CCC), the current Days Payable is 50.07 as of Jun. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Continental Coal Business Description

Address 9th Floor, Fredman Towers, 13 Fredman Drive, Sandton, ZAF, 2196
Continental Coal Ltd is a coal exploration and development company. It is engaged in producing, development and exploration of coal in its projects located in South Africa's coal fields. Its three main operating mines are Vlakvarkfontein, Ferreira and Penumbra mine. Its development projects include De Wittekrans development project; and exploration projects, such as Vaalbank, Leiden and Knapdaar in South Africa, as well as Kweneng and Serowe exploration projects in Botswana.