Horizon Minerals (ASX:HRZ) Days Payable : 0.00 (As of Dec. 2023)

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What is Horizon Minerals Days Payable?

Horizon Minerals's average Accounts Payable for the six months ended in Dec. 2023 was A$0.75 Mil. Horizon Minerals's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.00 Mil.

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

ASX:HRZ' s Days Payable Range Over the Past 10 Years
Min: 49.21 Med: 122.41 Max: 854282.5
Current: 854282.5

During the past 13 years, Horizon Minerals's highest Days Payable was 854282.50. The lowest was 49.21. And the median was 122.41.

ASX:HRZ's Days Payable is ranked better than
99.62% of 1041 companies
in the Metals & Mining industry
Industry Median: 129.57 vs ASX:HRZ: 854282.50

Horizon Minerals's Days Payable stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Horizon Minerals Days Payable Historical Data

The historical data trend for Horizon 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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Horizon Minerals Days Payable Chart

Horizon Minerals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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49.21

419.25

854,282.50

Horizon Minerals 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															1,204.07	-	-	-	-

Competitive Comparison of Horizon Minerals's Days Payable

For the Gold subindustry, Horizon 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.

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

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

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

Horizon 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.

Horizon 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
=	( (4.361	+	0.32)	/	2 )	/	0.001	*	365
=	2.3405					/	0.001	*	365
=	854,282.50

Horizon 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
=	( (0.32	+	1.187)	/	2 )	/	0	*	365 / 2
=	0.7535					/	0	*	365 / 2
=	N/A

Horizon Minerals Days Payable Related Terms

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Horizon Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Ord Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.horizonminerals.com.au

Horizon Minerals Ltd is an emerging mid-tier gold producer with an portfolio of gold projects located in the Western Australian goldfields. The Company is actively exploring for new discoveries in Western Australian Goldfields for gold and other commodities including Nickel-Cobalt, Silver-Zinc, PGEs and Lithium across its extensive land holdings. Its projects include Boorara Gold Project, Kalgoorlie region project, induli-Teal project area, Nimbus Silver Zinc Project, etc.

Horizon Minerals Headlines

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