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Grange Resources (ASX:GRR) Days Payable : 36.35 (As of Dec. 2023)


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What is Grange Resources Days Payable?

Grange Resources's average Accounts Payable for the six months ended in Dec. 2023 was A$36.5 Mil. Grange Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was A$183.4 Mil. Hence, Grange Resources's Days Payable for the six months ended in Dec. 2023 was 36.35.

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

ASX:GRR' s Days Payable Range Over the Past 10 Years
Min: 30.55   Med: 38.69   Max: 54.13
Current: 42.35

During the past 13 years, Grange Resources's highest Days Payable was 54.13. The lowest was 30.55. And the median was 38.69.

ASX:GRR's Days Payable is ranked worse than
78.37% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs ASX:GRR: 42.35

Grange Resources's Days Payable declined from Dec. 2022 (65.32) to Dec. 2023 (36.35). It may suggest that Grange Resources accelerated paying its suppliers.

Grange Resources Days Payable Historical Data

The historical data trend for Grange 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.

* Premium members only.

Grange Resources Days Payable Chart

Grange Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.24 39.29 40.42 48.27 44.79

Grange Resources 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 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 72.95 66.89 65.32 46.77 36.35

Competitive Comparison of Grange Resources's Days Payable

For the Other Industrial Metals & Mining subindustry, Grange 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.

Grange Resources's Days Payable Distribution in the Metals & Mining Industry

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

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


Grange 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.

Grange Resources's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

Days Payable (A: Dec. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2022 ) + Accounts Payable (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (45.003 + 38.249) / 2 ) / 339.216*365
=41.626 / 339.216*365
=44.79

Grange Resources'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
=( (34.833 + 38.249) / 2 ) / 183.437*365 / 2
=36.541 / 183.437*365 / 2
=36.35

* 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.

Grange Resources Days Payable Related Terms

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Grange Resources (ASX:GRR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grange Resources Ltd (ASX:GRR) » Definitions » Days Payable
Comparable Companies
ASX:MEI ASX:CHN ASX:MAU ASX:IPX ASX:ARU ASX:RHI ASX:SYR ASX:MLX ASX:MAH ASX:INR ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 GMEXICOB LSE:AAL TSX:TECK.B
Traded in Other Exchanges
GRRLF:USA GRR:Germany
Address
34A Alexander Street, Burnie, TAS, AUS, 7320
Website
https://www.grangeresources.com.au
Grange Resources Ltd is engaged in the exploration, evaluation, and development of mineral resources and iron ore mining operations. Its projects include the Southdown Magnetite and associated Pellet Plant Projects. The Group has two reportable segments: Exploration, evaluation, and development of mineral resources and iron ore mining operations; and Development and construction of housing units.