Alkane Resources (FRA:AK7B) Days Payable : 38.07 (As of Dec. 2023)

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What is Alkane Resources Days Payable?

Alkane Resources's average Accounts Payable for the six months ended in Dec. 2023 was €6.9 Mil. Alkane Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was €33.0 Mil. Hence, Alkane Resources's Days Payable for the six months ended in Dec. 2023 was 38.07.

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

FRA:AK7B' s Days Payable Range Over the Past 10 Years
Min: 10.46 Med: 37.1 Max: 87.59
Current: 44.49

During the past 13 years, Alkane Resources's highest Days Payable was 87.59. The lowest was 10.46. And the median was 37.10.

FRA:AK7B's Days Payable is ranked worse than
76.88% of 1064 companies
in the Metals & Mining industry
Industry Median: 130.44 vs FRA:AK7B: 44.49

Alkane Resources's Days Payable declined from Dec. 2022 (42.62) to Dec. 2023 (38.07). It may suggest that Alkane Resources accelerated paying its suppliers.

Alkane Resources Days Payable Historical Data

The historical data trend for Alkane 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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Alkane Resources Days Payable Chart

Alkane Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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26.61

48.05

30.30

10.12

14.86

Alkane Resources 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															36.26	33.77	42.62	39.57	38.07

Competitive Comparison of Alkane Resources's Days Payable

For the Gold subindustry, Alkane 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.

Alkane Resources's Days Payable Distribution in the Metals & Mining Industry

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

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

Alkane 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.

Alkane Resources'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
=	( (0.739	+	3.472)	/	2 )	/	51.722	*	365
=	2.1055					/	51.722	*	365
=	14.86

Alkane Resources'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
=	( (3.472	+	10.31)	/	2 )	/	33.03	*	365 / 2
=	6.891					/	33.03	*	365 / 2
=	38.07

Alkane Resources Days Payable Related Terms

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Alkane Resources (FRA:AK7B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alkane Resources Ltd (FRA:AK7B) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ALKEF:USA AK7:Germany ALK:Australia

Address

66 Kings Park Road, Level 4, West Perth, Perth, WA, AUS, 6005

Website

https://www.alkane.com.au

Alkane Resources Ltd owns and operates Tomingley Gold Operations, an open pit and underground gold mining development, located 50km southwest of Dubbo. It also holds several prospective gold and copper tenements in Central West NSW, including the Boda deposit 20km north of Wellington. The initial Boda and Kaiser resource estimates suggest a genuine prospect for a large-tonnage gold-copper development.

Alkane Resources (FRA:AK7B) Headlines

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