Equinox Resources (ASX:EQN) Days Payable : 0.00 (As of Jun. 2023)

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What is Equinox Resources Days Payable?

Equinox Resources's average Accounts Payable for the three months ended in Jun. 2023 was A$0.26 Mil. Equinox Resources's Cost of Goods Sold for the three months ended in Jun. 2023 was A$0.00 Mil.

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

ASX:EQN's Days Payable is not ranked ^*
in the Steel industry.
Industry Median: 41.915
* Ranked among companies with meaningful Days Payable only.

Equinox Resources's Days Payable stayed the same from . 20 (0.00) to Jun. 2023 (0.00). stayed the same

Equinox Resources Days Payable Historical Data

The historical data trend for Equinox 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.

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Equinox Resources Days Payable Chart

Equinox Resources Annual Data

Trend

Jun22

Jun23

Days Payable

Equinox Resources Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	-	-	-	-	-

Competitive Comparison of Equinox Resources's Days Payable

For the Steel subindustry, Equinox 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.

Equinox Resources's Days Payable Distribution in the Steel Industry

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

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

Equinox 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.

Equinox 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
=	( (0.035	+	0.257)	/	2 )	/	0	*	365
=	0.146					/	0	*	365
=	N/A

Equinox Resources'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: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0	+	0.257)	/	1 )	/	0	*	365 / 4
=	0.257					/	0	*	365 / 4
=	N/A

Equinox Resources Days Payable Related Terms

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Equinox Resources (ASX:EQN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Equinox Resources Ltd (ASX:EQN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

182 St George's Terrace, Level 50, Perth, WA, AUS, 6000

Website

https://www.eqnx.com.au

Equinox Resources Ltd is a mineral exploration appraising and development company. It owns interests in the Hamersley Iron Ore Project is located north of Tom Price in the Pilbara region of Western Australia.

Equinox Resources (ASX:EQN) Headlines

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