Noronex (ASX:NRX) Days Payable : 0.00 (As of Dec. 2023)

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What is Noronex Days Payable?

Noronex's average Accounts Payable for the six months ended in Dec. 2023 was A$0.39 Mil. Noronex'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 Noronex's Days Payable or its related term are showing as below:

ASX:NRX's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 129.57
* Ranked among companies with meaningful Days Payable only.

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

Noronex Days Payable Historical Data

The historical data trend for Noronex'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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Noronex Days Payable Chart

Noronex Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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Noronex Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial									-	-	-	-	-

Competitive Comparison of Noronex's Days Payable

For the Copper subindustry, Noronex'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.

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

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

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

Noronex 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.

Noronex'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
=	( (0.251	+	0.367)	/	2 )	/	0	*	365
=	0.309					/	0	*	365
=	N/A

Noronex'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
=	( (0.367	+	0.41)	/	2 )	/	0	*	365 / 2
=	0.3885					/	0	*	365 / 2
=	N/A

Noronex Days Payable Related Terms

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Noronex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Noronex Ltd (ASX:NRX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

295 Rokeby Road, Suite 1, Subiaco, Brisbane, WA, AUS, 60008

Website

https://www.noronexlimited.com.au

Noronex Ltd is a mineral exploration company, identifying projects in Australia. The company holds a portfolio of high-grade copper projects in Canada and an option to acquire three prospecting licences that are prospective for sedimentary Cu-Ag mineralization along the prolific Kalahari Copper Belt that spans Namibia and Botswana. The group operates in the mineral exploration sector predominantly in Australia, Namibia, and Canada.

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