Strandline Resources (ASX:STA) Days Payable : 58.43 (As of Dec. 2023)

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What is Strandline Resources Days Payable?

Strandline Resources's average Accounts Payable for the six months ended in Dec. 2023 was A$21.17 Mil. Strandline Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was A$66.10 Mil. Hence, Strandline Resources's Days Payable for the six months ended in Dec. 2023 was 58.43.

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

ASX:STA' s Days Payable Range Over the Past 10 Years
Min: 68.26 Med: 83.86 Max: 83.86
Current: 68.26

During the past 13 years, Strandline Resources's highest Days Payable was 83.86. The lowest was 68.26. And the median was 83.86.

ASX:STA's Days Payable is not ranked
in the Metals & Mining industry.
Industry Median: 136.225 vs ASX:STA: 68.26

Strandline Resources's Days Payable declined from Dec. 2022 (432.30) to Dec. 2023 (58.43). It may suggest that Strandline Resources accelerated paying its suppliers.

Strandline Resources Days Payable Historical Data

The historical data trend for Strandline 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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Strandline Resources Days Payable Chart

Strandline Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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83.86

Strandline 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															-	-	432.30	72.83	58.43

Competitive Comparison of Strandline Resources's Days Payable

For the Other Industrial Metals & Mining subindustry, Strandline 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.

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

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

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

Strandline 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.

Strandline 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
=	( (8.641	+	16.85)	/	2 )	/	55.473	*	365
=	12.7455					/	55.473	*	365
=	83.86

Strandline 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
=	( (16.85	+	25.481)	/	2 )	/	66.104	*	365 / 2
=	21.1655					/	66.104	*	365 / 2
=	58.43

Strandline Resources Days Payable Related Terms

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Strandline Resources (ASX:STA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 St Georges Terrace, Level 9, Perth, WA, AUS, 6000

Website

https://www.strandline.com.au

Strandline Resources Ltd is focused on mineral exploration and development in Tanzania and Australia. Its project includes the Portfolio of the Fungoni Mineral Sands Project, the Coburn Mineral Sands Project in Western Australia, the Tanga South (Tajiri) Mineral Sands Project in northern Tanzania, the Bagamoyo Project, and the Fowlers Bay Nickel Project in South Australia. The company generates maximum revenue from Australia.

Strandline Resources (ASX:STA) Headlines

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