CRSXQ (Corsa Coal) Days Payable: 23.93 (As of Jun. 2024)


CRSXQ Corsa Coal Corp CRSXQ
12 GF Score
Price $0.15
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What is Corsa Coal Days Payable?

Corsa Coal CRSXQ -100.00% 12 Days Payable is 23.93 as of Jun. 2024. GuruFocus rates CRSXQ with a GF Score™ of 12/100.

Corsa Coal's average Accounts Payable for the three months ended in Jun. 2024 was $11.1 Mil. Corsa Coal's Cost of Goods Sold for the three months ended in Jun. 2024 was $42.4 Mil. Hence, Corsa Coal's Days Payable for the three months ended in Jun. 2024 was 23.93.

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

CRSXQ's Days Payable is not ranked *
in the Steel industry.
Industry Median: 41.39
* Ranked among companies with meaningful Days Payable only.

Corsa Coal's Days Payable declined from Jun. 2023 (25.94) to Jun. 2024 (23.93). It may suggest that Corsa Coal accelerated paying its suppliers.

Corsa Coal Days Payable Historical Data

* Premium members only.

The historical data trend for Corsa Coal'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.

Corsa Coal Days Payable Chart

Corsa Coal Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.11 15.00 28.86 31.43 24.68

Corsa Coal Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 25.94 18.40 22.23 19.27 23.93

CRSXQ vs HCC, AMR, SXC: Days Payable Comparison

For the Coking Coal subindustry, Corsa Coal'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.

Corsa Coal Days Payable vs Steel Industry

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

* The bar in red indicates where Corsa Coal's Days Payable falls into.


CRSXQ
12GF Score
Corsa Coal Corp CRSXQ
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Corsa Coal 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.

Corsa Coal'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
=( (14.3 + 8.009) / 2 ) / 164.971*365
=11.1545 / 164.971*365
=24.68

Corsa Coal's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

Days Payable (Q: Jun. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2024 ) + Accounts Payable (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (9.607 + 12.613) / 2 ) / 42.362*365 / 4
=11.11 / 42.362*365 / 4
=23.93

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 23.93 mean?
Corsa Coal (CRSXQ) has a Days Payable of 23.93 as of Jun. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Corsa Coal and its competitors.
Is Corsa Coal's Days Payable too high?
Corsa Coal's current Days Payable is 23.93. The Steel industry median Days Payable is 41.39. Corsa Coal's value of 23.93 is 42.2% below this industry median. Overall, Corsa Coal has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Corsa Coal's Days Payable compare to HCC and AMR?
Corsa Coal's Days Payable of 23.93 can be compared against companies in the Steel industry. The industry median Days Payable is 41.39. Corsa Coal's value of 23.93 is 42.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Steel company?
The median Days Payable among Steel companies is 41.39, based on 597 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Corsa Coal's current Days Payable of 23.93 is 42.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Corsa Coal and its competitors. For the Steel industry, the median Days Payable is 41.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Corsa Coal's current Days Payable is 23.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Corsa Coal stock overvalued right now?
Corsa Coal (CRSXQ) has a current Days Payable of 23.93. The current Days Payable is 23.93 and 42.2% below the Steel industry median of 41.39. Corsa Coal's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Corsa Coal (CRSXQ), the current Days Payable is 23.93 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Corsa Coal Business Description

Address 1576 Stoystown Road, PO Box 260, Friedens, PA, USA, 15541
Corsa Coal Corp is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel, as well as exploring, acquiring and developing resource properties that are consistent with its existing coal business. Its core business is producing and selling metallurgical coal to domestic and international steel and coke producers. Its segments are Northern Appalachia (NAPP) and the company's corporate office. NAPP is a distinct operating segment based on its metallurgical coal operations and location in the U.S. along the Northern Appalachia coal belt. The company's corporate office provides support and manages the mining investments. Geographically, the company derives the majority of its revenue from the United States.
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