Spartan Resources (ASX:SPR) Days Payable : 0.00 (As of Dec. 2023)

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What is Spartan Resources Days Payable?

Spartan Resources's average Accounts Payable for the six months ended in Dec. 2023 was A$2.33 Mil. Spartan Resources'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 Spartan Resources's Days Payable or its related term are showing as below:

ASX:SPR' s Days Payable Range Over the Past 10 Years
Min: 27.06 Med: 98.61 Max: 516.39
Current: 516.39

During the past 13 years, Spartan Resources's highest Days Payable was 516.39. The lowest was 27.06. And the median was 98.61.

ASX:SPR's Days Payable is ranked better than
63.1% of 1065 companies
in the Metals & Mining industry
Industry Median: 136.2 vs ASX:SPR: 516.39

Spartan Resources's Days Payable declined from Dec. 2022 (35.74) to Dec. 2023 (0.00). It may suggest that Spartan Resources accelerated paying its suppliers.

Spartan Resources Days Payable Historical Data

The historical data trend for Spartan 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.

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Spartan Resources Days Payable Chart

Spartan Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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128.09

128.29

98.61

27.06

44.59

Spartan Resources 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															22.76	37.52	35.74	337.37	-

Competitive Comparison of Spartan Resources's Days Payable

For the Gold subindustry, Spartan 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.

Spartan Resources's Days Payable Distribution in the Metals & Mining Industry

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

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

Spartan 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.

Spartan Resources'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
=	( (12.363	+	2.716)	/	2 )	/	61.717	*	365
=	7.5395					/	61.717	*	365
=	44.59

Spartan Resources'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
=	( (2.716	+	1.944)	/	2 )	/	0	*	365 / 2
=	2.33					/	0	*	365 / 2
=	N/A

Spartan Resources Days Payable Related Terms

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Spartan Resources (ASX:SPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Spartan Resources Ltd (ASX:SPR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GYYSF:USA 6G40:Germany

Address

41-47 Colin Street, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.gascoyneresources.com.au

Spartan Resources Ltd Formerly Gascoyne Resources Ltd engages in the exploration and development of gold projects in Western Australia. The company holds an interest in the Dalgaranga gold project located in the Murchison region of Western Australia; the Glenburgh gold project located in the Gascoyne region of Western Australia and the Egerton gold project located in the Gascoyne region of Western Australia.