Sarama Resources (ASX:SRR) Days Payable : 5,771.56 (As of Mar. 2024)

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What is Sarama Resources Days Payable?

Sarama Resources's average Accounts Payable for the three months ended in Mar. 2024 was A$0.13 Mil. Sarama Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was A$0.00 Mil. Hence, Sarama Resources's Days Payable for the three months ended in Mar. 2024 was 5,771.56.

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

ASX:SRR' s Days Payable Range Over the Past 10 Years
Min: 9672.5 Med: 13085.25 Max: 16498
Current: 10311.25

During the past 13 years, Sarama Resources's highest Days Payable was 16498.00. The lowest was 9672.50. And the median was 13085.25.

ASX:SRR's Days Payable is ranked better than
88.2% of 1068 companies
in the Metals & Mining industry
Industry Median: 135.555 vs ASX:SRR: 10311.25

Sarama Resources's Days Payable declined from Mar. 2023 (22,447.50) to Mar. 2024 (5,771.56). It may suggest that Sarama Resources accelerated paying its suppliers.

Sarama Resources Days Payable Historical Data

The historical data trend for Sarama 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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Sarama Resources Days Payable Chart

Sarama Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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14,965.00

10,611.07

Sarama Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															22,447.50	-	-	14,691.25	5,771.56

Competitive Comparison of Sarama Resources's Days Payable

For the Gold subindustry, Sarama 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.

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

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

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

Sarama 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.

Sarama Resources's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.246	+	0.161)	/	2 )	/	0.007	*	365
=	0.2035					/	0.007	*	365
=	10,611.07

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

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.161	+	0.092)	/	2 )	/	0.002	*	365 / 4
=	0.1265					/	0.002	*	365 / 4
=	5,771.56

Sarama Resources Days Payable Related Terms

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Sarama Resources (ASX:SRR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SRMMF:USA SWA:Canada

Address

245 Churchill Avenue, Suit 8, Subiaco, Perth, WA, AUS, 6008

Website

https://www.saramaresources.com

Sarama Resources Ltd is an exploration and development stage company with gold projects in Burkina Faso, West Africa. The company's key project is the 100%-owned Sanutura Project which hosts a multi-million-ounce mineral resource. It has additional exposure to exploration success through its 100% interest in the nearby Koumandara Project where early-stage exploration has defined several corridors of gold anomalism that extend up to 40km in length. It has one business segment, being the acquisition, exploration and potential development of mineral properties.

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