Centrex (ASX:CXM) Days Payable: 260.12 (As of Jun. 2024)


What is Centrex Days Payable?

Centrex ASX:CXM Days Payable is 260.12 as of Jun. 2024.

Centrex's average Accounts Payable for the six months ended in Jun. 2024 was A$14.80 Mil. Centrex's Cost of Goods Sold for the six months ended in Jun. 2024 was A$10.38 Mil. Hence, Centrex's Days Payable for the six months ended in Jun. 2024 was 260.12.

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

ASX:CXM's Days Payable is not ranked *
in the Metals & Mining industry.
Industry Median: 127.62
* Ranked among companies with meaningful Days Payable only.

Centrex's Days Payable increased from Jun. 2023 (103.10) to Jun. 2024 (260.12). It may suggest that Centrex delayed paying its suppliers.

Centrex Days Payable Historical Data

* Premium members only.

The historical data trend for Centrex'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.

Centrex Days Payable Chart

Centrex Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 101.74 150.87

Centrex Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 88.97 103.10 108.20 260.12

Centrex Days Payable Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Centrex'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.

Centrex Days Payable vs Metals & Mining Industry

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

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


Centrex 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.

Centrex's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

Days Payable (A: Jun. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2023 ) + Accounts Payable (A: Jun. 2024 )) / count ) / Cost of Goods Sold (A: Jun. 2024 )*Days in Period
=( (7.312 + 15.907) / 2 ) / 28.086*365
=11.6095 / 28.086*365
=150.87

Centrex's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

Days Payable (Q: Jun. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2023 ) + Accounts Payable (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (13.683 + 15.907) / 2 ) / 10.38*365 / 2
=14.795 / 10.38*365 / 2
=260.12

* 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 260.12 mean?
Centrex (ASX:CXM) has a Days Payable of 260.12 as of Jun. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Centrex and its competitors.
Is Centrex's Days Payable too high?
Centrex's current Days Payable is 260.12. The Metals & Mining industry median Days Payable is 127.62. Centrex's value of 260.12 is 103.8% above this industry median.
How does Centrex's Days Payable compare to competitors?
Centrex's Days Payable of 260.12 can be compared against companies in the Metals & Mining industry. The industry median Days Payable is 127.62. Centrex's value of 260.12 is 103.8% 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 Metals & Mining company?
The median Days Payable among Metals & Mining companies is 127.62, based on 1,064 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. Centrex's current Days Payable of 260.12 is 103.8% 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 Centrex and its competitors. For the Metals & Mining industry, the median Days Payable is 127.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Centrex's current Days Payable is 260.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Centrex stock overvalued right now?
Centrex (ASX:CXM) has a current Days Payable of 260.12. The current Days Payable is 260.12 and 103.8% above the Metals & Mining industry median of 127.62. 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 Centrex (ASX:CXM), the current Days Payable is 260.12 as of Jun. 2024. 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.

Centrex Business Description

Address 44 Waymouth Street, Level 6, Adelaide, SA, AUS, 5000
Centrex Ltd is a mineral exploration company. The principal activity of the company is an exploration of the following areas: Phosphate project development in Queensland; Potash exploration over wholly-owned tenements in Western Australia; and gold and base metals exploration in New South Wales. Its projects include Ardmore Phosphate Rock Project, Oxley Potash Project, and Goulburn gold/base metals project. The company has two reportable segments Ardmore mining operations and Exploration. The company operates in one geographical segment; Australia.