Oakbay Resources and Energy (JSE:46926) Days Payable : 69.81 (As of Feb. 2017)

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What is Oakbay Resources and Energy Days Payable?

Oakbay Resources and Energy's average Accounts Payable for the six months ended in Feb. 2017 was R96.2 Mil. Oakbay Resources and Energy's Cost of Goods Sold for the six months ended in Feb. 2017 was R251.5 Mil. Hence, Oakbay Resources and Energy's Days Payable for the six months ended in Feb. 2017 was 69.81.

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

JSE:46926's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 138.82
* Ranked among companies with meaningful Days Payable only.

Oakbay Resources and Energy's Days Payable declined from Feb. 2016 (88.61) to Feb. 2017 (69.81). It may suggest that Oakbay Resources and Energy accelerated paying its suppliers.

Oakbay Resources and Energy Days Payable Historical Data

The historical data trend for Oakbay Resources and Energy'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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Oakbay Resources and Energy Days Payable Chart

Oakbay Resources and Energy Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Days Payable

96.76

Oakbay Resources and Energy Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17
Days Payable	Get a 7-Day Free Trial			-	110.76	88.61	92.82	69.81

Competitive Comparison of Oakbay Resources and Energy's Days Payable

For the Other Industrial Metals & Mining subindustry, Oakbay Resources and Energy'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.

Oakbay Resources and Energy's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Oakbay Resources and Energy's Days Payable falls into.

Oakbay Resources and Energy 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.

Oakbay Resources and Energy's Days Payable for the fiscal year that ended in Feb. 2017 is calculated as

	Days Payable (A: Feb. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2016 )	+	Accounts Payable (A: Feb. 2017 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2017 )	*	Days in Period
=	( (0	+	109.75)	/	1 )	/	414.022	*	365
=	109.75					/	414.022	*	365
=	96.76

Oakbay Resources and Energy's Days Payable for the quarter that ended in Feb. 2017 is calculated as:

	Days Payable (Q: Feb. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2016 )	+	Accounts Payable (Q: Feb. 2017 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2017 )	*	Days in Period
=	( (82.661	+	109.75)	/	2 )	/	251.503	*	365 / 2
=	96.2055					/	251.503	*	365 / 2
=	69.81

Oakbay Resources and Energy Days Payable Related Terms

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Oakbay Resources and Energy (JSE:46926) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Oakbay Resources and Energy Ltd (JSE:46926) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.oakbay.co.za

Oakbay Resources and Energy Ltd mines for energy resources with a focus on uranium development and coal production. The company's Shiva Uranium project inferred uranium resources more than 190 million pounds and indicated and inferred gold resources more than 5 million ounces. It mines for gold deposits as a by-product and offers outsourced contracting to the mining industry. The company's segments consist of Gold Operations, Uranium Development, Central Services and Contract Mining. The majority of its revenues are derived from mining and sale of gold in the Republic of South Africa.

Oakbay Resources and Energy (JSE:46926) Headlines

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