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Tartana Minerals (ASX:TAT) Days Payable : 381.46 (As of Dec. 2023)


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What is Tartana Minerals Days Payable?

Tartana Minerals's average Accounts Payable for the six months ended in Dec. 2023 was A$1.90 Mil. Tartana Minerals's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.91 Mil. Hence, Tartana Minerals's Days Payable for the six months ended in Dec. 2023 was 381.46.

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

ASX:TAT' s Days Payable Range Over the Past 10 Years
Min: 20.35   Med: 40.24   Max: 156.32
Current: 156.32

During the past 13 years, Tartana Minerals's highest Days Payable was 156.32. The lowest was 20.35. And the median was 40.24.

ASX:TAT's Days Payable is ranked better than
52.53% of 1068 companies
in the Metals & Mining industry
Industry Median: 135.555 vs ASX:TAT: 156.32

Tartana Minerals's Days Payable increased from Dec. 2022 (115.57) to Dec. 2023 (381.46). It may suggest that Tartana Minerals delayed paying its suppliers.

Tartana Minerals Days Payable Historical Data

The historical data trend for Tartana Minerals'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.

* Premium members only.

Tartana Minerals Days Payable Chart

Tartana Minerals Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 20.35 60.13

Tartana Minerals 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.82 67.98 115.57 89.10 381.46

Competitive Comparison of Tartana Minerals's Days Payable

For the Other Industrial Metals & Mining subindustry, Tartana Minerals'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.

Tartana Minerals's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Tartana Minerals's Days Payable falls into.


Tartana Minerals 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.

Tartana Minerals'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
=( (0.813 + 1.389) / 2 ) / 6.683*365
=1.101 / 6.683*365
=60.13

Tartana Minerals'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
=( (1.389 + 2.411) / 2 ) / 0.909*365 / 2
=1.9 / 0.909*365 / 2
=381.46

* 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.

Tartana Minerals Days Payable Related Terms

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Tartana Minerals (ASX:TAT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tartana Minerals Ltd (ASX:TAT) » Definitions » Days Payable
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Traded in Other Exchanges
N/A
Address
169 Blues Point Road, Level 2, North Sydney, NSW, AUS, 2060
Website
https://www.r3dresources.com.au
R3D Resources Ltd is engaged in the exploration, development, and production of copper and gold in Queensland and Tasmania. Some of its projects include Tartana Copper and Zinc Project in Northern Queensland; Zeehan Zinc Slag Project in Western Tasmania; Mt Hess Copper-Gold Project - Queensland and others.