Mitre Mining (ASX:MMC) Days Payable : 0.00 (As of Dec. 2023)

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What is Mitre Mining Days Payable?

Mitre Mining's average Accounts Payable for the six months ended in Dec. 2023 was A$0.19 Mil. Mitre Mining'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 Mitre Mining's Days Payable or its related term are showing as below:

ASX:MMC's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 136.2
* Ranked among companies with meaningful Days Payable only.

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

Mitre Mining Days Payable Historical Data

The historical data trend for Mitre Mining'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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Mitre Mining Days Payable Chart

Mitre Mining Annual Data

Trend

Jun22

Jun23

Days Payable

Mitre Mining Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	-	-	-	-	-

Competitive Comparison of Mitre Mining's Days Payable

For the Gold subindustry, Mitre Mining'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.

Mitre Mining's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Mitre Mining's Days Payable falls into.

Mitre Mining 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.

Mitre Mining'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
=	( (0.05	+	0.089)	/	2 )	/	0	*	365
=	0.0695					/	0	*	365
=	N/A

Mitre Mining'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
=	( (0.089	+	0.3)	/	2 )	/	0	*	365 / 2
=	0.1945					/	0	*	365 / 2
=	N/A

Mitre Mining Days Payable Related Terms

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Mitre Mining (ASX:MMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mitre Mining Corp Ltd (ASX:MMC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Richardson Street, Level 2, West Perth, Perth, VIC, AUS, 6005

Website

https://www.mitremining.com.au

Mitre Mining Corp Ltd is a gold and base metals exploration company in Australia. Its project is EL9146 in the eastern Lachlan Fold Belt near Batemans Bay on the New South Wales south coast, East Pilbara, and Mt Alexander project.