Kingston Resources (ASX:KSN) Days Payable : 100.24 (As of Dec. 2023)

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What is Kingston Resources Days Payable?

Kingston Resources's average Accounts Payable for the six months ended in Dec. 2023 was A$6.92 Mil. Kingston Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was A$12.60 Mil. Hence, Kingston Resources's Days Payable for the six months ended in Dec. 2023 was 100.24.

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

ASX:KSN' s Days Payable Range Over the Past 10 Years
Min: 79.93 Med: 85.36 Max: 94.65
Current: 94.65

During the past 13 years, Kingston Resources's highest Days Payable was 94.65. The lowest was 79.93. And the median was 85.36.

ASX:KSN's Days Payable is ranked worse than
56.46% of 1068 companies
in the Metals & Mining industry
Industry Median: 136.005 vs ASX:KSN: 94.65

Kingston Resources's Days Payable increased from Dec. 2022 (79.62) to Dec. 2023 (100.24). It may suggest that Kingston Resources delayed paying its suppliers.

Kingston Resources Days Payable Historical Data

The historical data trend for Kingston 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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Kingston Resources Days Payable Chart

Kingston Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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90.78

79.93

Kingston 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															-	-	79.62	80.78	100.24

Competitive Comparison of Kingston Resources's Days Payable

For the Gold subindustry, Kingston 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.

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

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

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

Kingston 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.

Kingston 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
=	( (3.957	+	5.234)	/	2 )	/	20.986	*	365
=	4.5955					/	20.986	*	365
=	79.93

Kingston 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
=	( (5.234	+	8.602)	/	2 )	/	12.595	*	365 / 2
=	6.918					/	12.595	*	365 / 2
=	100.24

Kingston Resources Days Payable Related Terms

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Kingston Resources (ASX:KSN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kingston Resources Ltd (ASX:KSN) » Definitions » Days Payable

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RZZ:Germany

Address

201 Miller Street, Suite 202, North Sydney, NSW, AUS, 2060

Website

https://www.kingstonresources.com.au

Kingston Resources Ltd is an Australian-based mineral exploration company that engages in acquiring and exploring gold projects. It operates in two business segment which is the Exploration and Evaluation of Minerals in Australia and mining. Its projects are Misima Gold Project, Mineral Hill Mine and Livingstone Gold Project. Geographically it derives the majority of its revenue from Australia.

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