Genesis Minerals (ASX:GMD) Days Payable : 48.32 (As of Dec. 2023)

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What is Genesis Minerals Days Payable?

Genesis Minerals's average Accounts Payable for the six months ended in Dec. 2023 was A$40.1 Mil. Genesis Minerals's Cost of Goods Sold for the six months ended in Dec. 2023 was A$151.4 Mil. Hence, Genesis Minerals's Days Payable for the six months ended in Dec. 2023 was 48.32.

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

ASX:GMD' s Days Payable Range Over the Past 10 Years
Min: 35.95 Med: 35.95 Max: 87.71
Current: 87.71

During the past 13 years, Genesis Minerals's highest Days Payable was 87.71. The lowest was 35.95. And the median was 35.95.

ASX:GMD's Days Payable is ranked worse than
57.42% of 1064 companies
in the Metals & Mining industry
Industry Median: 130.44 vs ASX:GMD: 87.71

Genesis Minerals's Days Payable declined from Dec. 2022 (72.81) to Dec. 2023 (48.32). It may suggest that Genesis Minerals accelerated paying its suppliers.

Genesis Minerals Days Payable Historical Data

The historical data trend for Genesis 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.

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Genesis Minerals Days Payable Chart

Genesis Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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35.95

Genesis Minerals 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															-	-	72.81	-	48.32

Competitive Comparison of Genesis Minerals's Days Payable

For the Gold subindustry, Genesis 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.

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

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

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

Genesis 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.

Genesis Minerals'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
=	( (2.235	+	2.387)	/	2 )	/	23.465	*	365
=	2.311					/	23.465	*	365
=	35.95

Genesis Minerals'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
=	( (2.387	+	77.791)	/	2 )	/	151.415	*	365 / 2
=	40.089					/	151.415	*	365 / 2
=	48.32

Genesis Minerals Days Payable Related Terms

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Genesis Minerals (ASX:GMD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Genesis Minerals Ltd (ASX:GMD) » Definitions » Days Payable

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GSISF:USA

Address

Level 7, 40 The Esplanade, Perth, WA, AUS, 6000

Website

https://www.genesisminerals.com.au

Genesis Minerals Ltd is an Australian gold exploration company. The Group's sole activity is mineral production, exploration and development of mineral interests in the Leonora region, wholly within Australia It owns an interest in Ulysses Gold Project and Barimaia Gold Project. The company generates revenue from the sale of Gold and Silver, with the majority of revenue coming from the sale of Gold.

Genesis Minerals (ASX:GMD) Headlines

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