Tombador Iron (ASX:TI1) Days Payable : 18.72 (As of Jun. 2023)

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What is Tombador Iron Days Payable?

Tombador Iron's average Accounts Payable for the six months ended in Jun. 2023 was A$4.50 Mil. Tombador Iron's Cost of Goods Sold for the six months ended in Jun. 2023 was A$43.86 Mil. Hence, Tombador Iron's Days Payable for the six months ended in Jun. 2023 was 18.72.

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

ASX:TI1' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 25.33
Current: 25.33

During the past 13 years, Tombador Iron's highest Days Payable was 25.33. The lowest was 0.00. And the median was 0.00.

ASX:TI1's Days Payable is not ranked
in the Steel industry.
Industry Median: 41.325 vs ASX:TI1: 25.33

Tombador Iron's Days Payable declined from Jun. 2022 (32.43) to Jun. 2023 (18.72). It may suggest that Tombador Iron accelerated paying its suppliers.

Tombador Iron Days Payable Historical Data

The historical data trend for Tombador Iron'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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Tombador Iron Days Payable Chart

Tombador Iron Annual Data

Trend

Jun12

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Jun17

Jun18

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Jun21

Days Payable

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Tombador Iron Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															-	214.93	32.43	30.13	18.72

Competitive Comparison of Tombador Iron's Days Payable

For the Steel subindustry, Tombador Iron'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.

Tombador Iron's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tombador Iron's Days Payable distribution charts can be found below:

* The bar in red indicates where Tombador Iron's Days Payable falls into.

Tombador Iron 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.

Tombador Iron's Days Payable for the fiscal year that ended in Jun. 2021 is calculated as

	Days Payable (A: Jun. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2020 )	+	Accounts Payable (A: Jun. 2021 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2021 )	*	Days in Period
=	( (1.1	+	2.156)	/	2 )	/	0	*	365
=	1.628					/	0	*	365
=	N/A

Tombador Iron's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (1.693	+	7.307)	/	2 )	/	43.864	*	365 / 2
=	4.5					/	43.864	*	365 / 2
=	18.72

Tombador Iron Days Payable Related Terms

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Tombador Iron (ASX:TI1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tombador Iron Ltd (ASX:TI1) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

85 Forrest Street, Suite 5, Cottesloe, WA, AUS, 6011

Website

https://www.tombadoriron.com

Tombador Iron Ltd is an iron ore mining company in Brazil. The company owns the Tombador iron ore project in Bahia State, Brazil. The company segment includes The Corporate segment in Australia (Tombador Iron Limited), The Corporate segment in Singapore e (Tombador Iron Singapore Pte Limited) and Tombador Iron Ore Project in Brazil.

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