Newfield Resources (ASX:NWF) Days Payable: 2,263.43 (As of Jun. 2024)


What is Newfield Resources Days Payable?

Newfield Resources ASX:NWF Days Payable is 2,263.43 as of Jun. 2024.

Newfield Resources's average Accounts Payable for the six months ended in Jun. 2024 was A$9.46 Mil. Newfield Resources's Cost of Goods Sold for the six months ended in Jun. 2024 was A$0.76 Mil. Hence, Newfield Resources's Days Payable for the six months ended in Jun. 2024 was 2,263.43.

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

ASX:NWF's Days Payable is not ranked *
in the Metals & Mining industry.
Industry Median: 127.26
* Ranked among companies with meaningful Days Payable only.

Newfield Resources's Days Payable increased from Jun. 2023 (0.00) to Jun. 2024 (2,263.43). It may suggest that Newfield Resources delayed paying its suppliers.

Newfield Resources Days Payable Historical Data

* Premium members only.

The historical data trend for Newfield 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.

Newfield Resources Days Payable Chart

Newfield Resources Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 20,960.04 0.00 1,132.86

Newfield Resources 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 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 0.00 0.00 0.00 682.35 2,263.43

ASX:NWF vs HL: Days Payable Comparison

For the Other Precious Metals & Mining subindustry, Newfield 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.

Newfield Resources Days Payable vs Metals & Mining Industry

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

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


Newfield 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.

Newfield Resources's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

Days Payable (A: Jun. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2023 ) + Accounts Payable (A: Jun. 2024 )) / count ) / Cost of Goods Sold (A: Jun. 2024 )*Days in Period
=( (6.591 + 10.554) / 2 ) / 2.762*365
=8.5725 / 2.762*365
=1,132.86

Newfield Resources's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

Days Payable (Q: Jun. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2023 ) + Accounts Payable (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (8.372 + 10.554) / 2 ) / 0.763*365 / 2
=9.463 / 0.763*365 / 2
=2,263.43

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 2,263.43 mean?
Newfield Resources (ASX:NWF) has a Days Payable of 2,263.43 as of Jun. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Newfield Resources and its competitors.
Is Newfield Resources' Days Payable too high?
Newfield Resources' current Days Payable is 2,263.43. The Metals & Mining industry median Days Payable is 127.26. Newfield Resources' value of 2,263.43 is 1678.6% above this industry median.
How does Newfield Resources' Days Payable compare to HL?
Newfield Resources' Days Payable of 2,263.43 can be compared against companies in the Metals & Mining industry. The industry median Days Payable is 127.26. Newfield Resources' value of 2,263.43 is 1678.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Metals & Mining company?
The median Days Payable among Metals & Mining companies is 127.26, based on 1,065 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Newfield Resources's current Days Payable of 2,263.43 is 1678.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Newfield Resources and its competitors. For the Metals & Mining industry, the median Days Payable is 127.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Newfield Resources's current Days Payable is 2,263.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newfield Resources stock overvalued right now?
Newfield Resources (ASX:NWF) has a current Days Payable of 2,263.43. The current Days Payable is 2,263.43 and 1678.6% above the Metals & Mining industry median of 127.26. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Newfield Resources (ASX:NWF), the current Days Payable is 2,263.43 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Newfield Resources Business Description

Address 4 Riseley Street, Suite 6, Applecross, Perth, WA, AUS, 6153
Newfield Resources Ltd is engaged in mine development and mineral exploration. The firm operates predominantly in the mineral exploration industry in Australia and Africa. The company's project profile includes The Tongo Diamond Project, Kumgbo Kimberlite Project. Its segments consist of Mining & Development Africa, Mineral Exploration Africa, and Corporate. Geographical segments of the company include Australia, Liberia, and Sierra Leone.