Timah Resources (ASX:TML) Days Payable : 19.01 (As of Dec. 2024)

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What is Timah Resources Days Payable?

Timah Resources's average Accounts Payable for the six months ended in Dec. 2024 was A$0.17 Mil. Timah Resources's Cost of Goods Sold for the six months ended in Dec. 2024 was A$1.66 Mil. Hence, Timah Resources's Days Payable for the six months ended in Dec. 2024 was 19.01.

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

ASX:TML' s Days Payable Range Over the Past 10 Years
Min: 16.61 Med: 26.45 Max: 264.31
Current: 25.76

During the past 9 years, Timah Resources's highest Days Payable was 264.31. The lowest was 16.61. And the median was 26.45.

ASX:TML's Days Payable is ranked worse than
83.68% of 386 companies
in the Utilities - Independent Power Producers industry
Industry Median: 79.825 vs ASX:TML: 25.76

Timah Resources's Days Payable declined from Dec. 2023 (26.10) to Dec. 2024 (19.01). It may suggest that Timah Resources accelerated paying its suppliers.

Timah Resources Days Payable Historical Data

The historical data trend for Timah 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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Timah Resources Days Payable Chart

Timah Resources Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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34.85

21.79

25.65

26.45

Timah Resources Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Payable	Get a 7-Day Free Trial														26.64	19.40	26.10	34.08	19.01

Competitive Comparison of Timah Resources's Days Payable

For the Utilities - Renewable subindustry, Timah 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.

Timah Resources's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Timah Resources's Days Payable distribution charts can be found below:

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

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Timah 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.

Timah Resources's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (0.229	+	0.181)	/	2 )	/	2.829	*	365
=	0.205					/	2.829	*	365
=	26.45

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

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (0.165	+	0.181)	/	2 )	/	1.661	*	365 / 2
=	0.173					/	1.661	*	365 / 2
=	19.01

Timah Resources Days Payable Related Terms

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Timah Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Timah Resources Ltd (ASX:TML) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

28 Drummond Street, Carlton, Melbourne, VIC, AUS, 3053

Website

https://www.timahresources.com.au

Timah Resources Ltd engages in the generation of renewable energy power. It operates a biogas power generation plant through its subsidiary in Malaysia, which uses Palm Oil Mill Effluent to produce Methane Gas, which is then used as fuel to run Gas Engines to generate green and renewable energy. The company operates in two geographical segments: Malaysia, which derives key revenue, and Australia.

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