Mantengu Mining (JSE:MTU) Days Payable : 297.30 (As of Feb. 2024)

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What is Mantengu Mining Days Payable?

Mantengu Mining's average Accounts Payable for the six months ended in Feb. 2024 was R74.5 Mil. Mantengu Mining's Cost of Goods Sold for the six months ended in Feb. 2024 was R45.8 Mil. Hence, Mantengu Mining's Days Payable for the six months ended in Feb. 2024 was 297.30.

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

JSE:MTU' s Days Payable Range Over the Past 10 Years
Min: 85.43 Med: 358.79 Max: 634.39
Current: 341.45

During the past 13 years, Mantengu Mining's highest Days Payable was 634.39. The lowest was 85.43. And the median was 358.79.

JSE:MTU's Days Payable is ranked better than
60.24% of 1064 companies
in the Metals & Mining industry
Industry Median: 137.515 vs JSE:MTU: 341.45

Mantengu Mining's Days Payable declined from Feb. 2023 (623.04) to Feb. 2024 (297.30). It may suggest that Mantengu Mining accelerated paying its suppliers.

Mantengu Mining Days Payable Historical Data

The historical data trend for Mantengu Mining'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.

Mantengu Mining Days Payable Chart

Mantengu Mining Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Days Payable

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461.29

634.39

358.79

Mantengu Mining Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Days Payable	Get a 7-Day Free Trial															197.33	8,883.40	623.04	472.55	297.30

Competitive Comparison of Mantengu Mining's Days Payable

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

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

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

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

Mantengu Mining 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.

Mantengu Mining's Days Payable for the fiscal year that ended in Feb. 2024 is calculated as

	Days Payable (A: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2023 )	+	Accounts Payable (A: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2024 )	*	Days in Period
=	( (11.943	+	100.838)	/	2 )	/	57.367	*	365
=	56.3905					/	57.367	*	365
=	358.79

Mantengu Mining's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (48.217	+	100.838)	/	2 )	/	45.75	*	365 / 2
=	74.5275					/	45.75	*	365 / 2
=	297.30

Mantengu Mining Days Payable Related Terms

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Mantengu Mining (JSE:MTU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mantengu Mining Ltd (JSE:MTU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Saint Michaels Lane, Bryanston, Sandton, Johannesburg, GT, ZAF, 2080

Website

http://www.mantengu.com

Mantengu Mining Ltd operates as a mining investment company. Its project comprises of Langpan project.

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