IRC (FRA:2I8) Days Payable : 39.53 (As of Dec. 2023)

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What is IRC Days Payable?

IRC's average Accounts Payable for the six months ended in Dec. 2023 was €9.3 Mil. IRC's Cost of Goods Sold for the six months ended in Dec. 2023 was €42.8 Mil. Hence, IRC's Days Payable for the six months ended in Dec. 2023 was 39.53.

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

FRA:2I8' s Days Payable Range Over the Past 10 Years
Min: 66.52 Med: 151.11 Max: 760.34
Current: 66.52

During the past 13 years, IRC's highest Days Payable was 760.34. The lowest was 66.52. And the median was 151.11.

FRA:2I8's Days Payable is ranked worse than
65.95% of 1066 companies
in the Metals & Mining industry
Industry Median: 137.515 vs FRA:2I8: 66.52

IRC's Days Payable declined from Dec. 2022 (77.27) to Dec. 2023 (39.53). It may suggest that IRC accelerated paying its suppliers.

IRC Days Payable Historical Data

The historical data trend for IRC'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.

IRC Days Payable Chart

IRC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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407.31

117.62

147.81

100.35

72.66

IRC 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															139.52	255.36	77.27	183.31	39.53

Competitive Comparison of IRC's Days Payable

For the Other Industrial Metals & Mining subindustry, IRC'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.

IRC's Days Payable Distribution in the Metals & Mining Industry

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

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

IRC 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.

IRC'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
=	( (10.133	+	10.473)	/	2 )	/	51.754	*	365
=	10.303					/	51.754	*	365
=	72.66

IRC'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
=	( (8.053	+	10.473)	/	2 )	/	42.761	*	365 / 2
=	9.263					/	42.761	*	365 / 2
=	39.53

IRC Days Payable Related Terms

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IRC (FRA:2I8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » IRC Ltd (FRA:2I8) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

01029:Hong Kong

Address

6H, 9 Queen’s Road Central, Central District, Hong Kong Special Administrative Region, of the People’s Republic of China, Hong Kong, HKG

Website

http://www.ircgroup.com.hk

IRC Ltd operates as an investment holding company, which is engaged in the production and development of iron ore. Its business activity of the firm is operated through various segments namely Mines in Production, Mines in Development, Engineering, and Others. The Mines in Production segment consists of projects in the production phase; the Mines in Development segment includes the exploration and development phase of the iron ore projects; the Engineering segment is engaged in the in-house engineering and scientific expertise related to Giproruda; the Other segment is mainly engaged in the production of vanadium pentoxides and related products. It has a geographical business presence in the region of the People's Republic of China and Russia, and the majority revenue comes from PRC.

IRC (FRA:2I8) Headlines

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