Pacific Nickel Mines (ASX:PNM) Days Payable : 243.89 (As of Dec. 2023)

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What is Pacific Nickel Mines Days Payable?

Pacific Nickel Mines's average Accounts Payable for the six months ended in Dec. 2023 was A$2.85 Mil. Pacific Nickel Mines's Cost of Goods Sold for the six months ended in Dec. 2023 was A$2.13 Mil. Hence, Pacific Nickel Mines's Days Payable for the six months ended in Dec. 2023 was 243.89.

The historical rank and industry rank for Pacific Nickel Mines's Days Payable or its related term are showing as below:

ASX:PNM' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 379.55
Current: 379.55

During the past 13 years, Pacific Nickel Mines's highest Days Payable was 379.55. The lowest was 0.00. And the median was 0.00.

ASX:PNM's Days Payable is ranked better than
61.05% of 1068 companies
in the Metals & Mining industry
Industry Median: 133.65 vs ASX:PNM: 379.55

Pacific Nickel Mines's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (243.89). It may suggest that Pacific Nickel Mines delayed paying its suppliers.

Pacific Nickel Mines Days Payable Historical Data

The historical data trend for Pacific Nickel Mines'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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Pacific Nickel Mines Days Payable Chart

Pacific Nickel Mines Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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Pacific Nickel Mines 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															-	-	-	-	243.89

Competitive Comparison of Pacific Nickel Mines's Days Payable

For the Gold subindustry, Pacific Nickel Mines'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.

Pacific Nickel Mines's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Pacific Nickel Mines's Days Payable falls into.

Pacific Nickel Mines 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.

Pacific Nickel Mines'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
=	( (0.201	+	0.228)	/	2 )	/	0	*	365
=	0.2145					/	0	*	365
=	N/A

Pacific Nickel Mines'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
=	( (0.228	+	5.473)	/	2 )	/	2.133	*	365 / 2
=	2.8505					/	2.133	*	365 / 2
=	243.89

Pacific Nickel Mines Days Payable Related Terms

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Pacific Nickel Mines (ASX:PNM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pacific Nickel Mines Ltd (ASX:PNM) » Definitions » Days Payable

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PCFNF:USA

Address

283 George Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://www.pacificnickel.com

Pacific Nickel Mines Ltd is engaged in the operation, development, and exploration of mineral deposits. The company operates through two geographical segments: Lorena and Solomon Islands. The Lorena segment is engaged in the development of the company's main project, the Lorena Gold Project near Cloncurry in northwest Queensland. The Solomon Islands segment includes development of the company's interest in the Kolosori Nickel Project and Jejevo Nickel Project on the Santa Isabel Island. It operates within one segment which is mineral exploration and development in Australia.