Prosperity Resources (ASX:PSP) Days Payable: 0.00 (As of Jun. 2016)

What is Prosperity Resources Days Payable?

Prosperity Resources ASX:PSP Days Payable is 0.00 as of Jun. 2016. The stock has 4 warning signs investors should review.

Prosperity Resources's average Accounts Payable for the six months ended in Jun. 2016 was A$0.94 Mil. Prosperity Resources's Cost of Goods Sold for the six months ended in Jun. 2016 was A$0.00 Mil.

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

ASX:PSP's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 127.62
* Ranked among companies with meaningful Days Payable only.

Prosperity Resources's Days Payable stayed the same from Jun. 2015 (0.00) to Jun. 2016 (0.00).

Prosperity Resources Days Payable Related Terms

Prosperity Resources Days Payable Historical Data

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The historical data trend for Prosperity 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.

Prosperity Resources Days Payable Chart

Prosperity Resources Annual Data

Trend

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Days Payable

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0.00

Prosperity Resources Semi-Annual Data
	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16
Days Payable	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

Prosperity Resources Days Payable Competitor Comparison

For the Gold subindustry, Prosperity 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.

Prosperity Resources Days Payable vs Metals & Mining Industry

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

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

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Prosperity 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.

Prosperity Resources's Days Payable for the fiscal year that ended in Jun. 2016 is calculated as

	Days Payable (A: Jun. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2015 )	+	Accounts Payable (A: Jun. 2016 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2016 )	*	Days in Period
=	( (0.204	+	0.332)	/	2 )	/	0	*	365
=	0.268					/	0	*	365
=	N/A

Prosperity Resources's Days Payable for the quarter that ended in Jun. 2016 is calculated as:

	Days Payable (Q: Jun. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2015 )	+	Accounts Payable (Q: Jun. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2016 )	*	Days in Period
=	( (1.551	+	0.332)	/	2 )	/	0	*	365 / 2
=	0.9415					/	0	*	365 / 2
=	N/A

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 0.00 mean?

Prosperity Resources (ASX:PSP) has a Days Payable of 0.00 as of Jun. 2016. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Prosperity Resources and its competitors.

Is Prosperity Resources' Days Payable too high?

Prosperity Resources' current Days Payable is 0.00.

How does Prosperity Resources' Days Payable compare to competitors?

Prosperity Resources' Days Payable of 0.00 can be compared against companies in the Metals & Mining industry. The industry median Days Payable is 127.62. 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 127.62, based on 1,064 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. 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 Prosperity Resources and its competitors. For the Metals & Mining industry, the median Days Payable is 127.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Prosperity Resources's current Days Payable is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Prosperity Resources stock overvalued right now?

Prosperity Resources (ASX:PSP) has a current Days Payable of 0.00. The current Days Payable is 0.00. 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 Prosperity Resources (ASX:PSP), the current Days Payable is 0.00 as of Jun. 2016. 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.

Prosperity Resources Business Description

Industry Basic Materials Metals & Mining

Comparable Companies ASX:NME ASX:GCR ASX:RBX ASX:NMG ASX:DTM ASX:FNT ASX:GED ASX:ARX ASX:DGO ASX:GGH ASX:DAU ASX:QNL ASX:AAJ ASX:CDT ASX:LCD ASX:LRL ASX:LSN ASX:HHM ASX:CVV ASX:VKA

Website http://www.prosperity.net.au

Prosperity Resources Limited (PSP) is an exploration company for gold and iron ore in the Murchison greenstone belt of Western Australia and copper/gold in the Tennant Creek Goldfield of Northern Territory.