Sail Mining Group (JSE:SGP) Days Payable: 154.74 (As of Aug. 2021)


What is Sail Mining Group Days Payable?

Sail Mining Group JSE:SGP Days Payable is 154.74 as of Aug. 2021.

Sail Mining Group's average Accounts Payable for the six months ended in Aug. 2021 was R465 Mil. Sail Mining Group's Cost of Goods Sold for the six months ended in Aug. 2021 was R548 Mil. Hence, Sail Mining Group's Days Payable for the six months ended in Aug. 2021 was 154.74.

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

JSE:SGP's Days Payable is not ranked *
in the Metals & Mining industry.
Industry Median: 126.885
* Ranked among companies with meaningful Days Payable only.

Sail Mining Group's Days Payable increased from Aug. 2020 (147.64) to Aug. 2021 (154.74). It may suggest that Sail Mining Group delayed paying its suppliers.

Sail Mining Group Days Payable Historical Data

* Premium members only.

The historical data trend for Sail Mining Group'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.

Sail Mining Group Days Payable Chart

Sail Mining Group Annual Data
Trend Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.89 138.14 90.22 159.97 113.01

Sail Mining Group Semi-Annual Data
Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21
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 88.02 214.96 147.64 110.62 154.74

JSE:SGP vs BHPBF: Days Payable Comparison

For the Other Industrial Metals & Mining subindustry, Sail Mining Group'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.

Sail Mining Group Days Payable vs Metals & Mining Industry

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

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


Sail Mining Group 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.

Sail Mining Group's Days Payable for the fiscal year that ended in Feb. 2021 is calculated as

Days Payable (A: Feb. 2021 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Feb. 2020 ) + Accounts Payable (A: Feb. 2021 )) / count ) / Cost of Goods Sold (A: Feb. 2021 )*Days in Period
=( (591.611 + 455.873) / 2 ) / 1691.616*365
=523.742 / 1691.616*365
=113.01

Sail Mining Group's Days Payable for the quarter that ended in Aug. 2021 is calculated as:

Days Payable (Q: Aug. 2021 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Feb. 2021 ) + Accounts Payable (Q: Aug. 2021 )) / count ) / Cost of Goods Sold (Q: Aug. 2021 )*Days in Period
=( (455.873 + 474.232) / 2 ) / 548.482*365 / 2
=465.0525 / 548.482*365 / 2
=154.74

* 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 154.74 mean?
Sail Mining Group (JSE:SGP) has a Days Payable of 154.74 as of Aug. 2021. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Sail Mining Group and its competitors.
Is Sail Mining Group's Days Payable too high?
Sail Mining Group's current Days Payable is 154.74. The Metals & Mining industry median Days Payable is 126.89. Sail Mining Group's value of 154.74 is 22% above this industry median.
How does Sail Mining Group's Days Payable compare to BHPBF?
Sail Mining Group's Days Payable of 154.74 can be compared against companies in the Metals & Mining industry. The industry median Days Payable is 126.89. Sail Mining Group's value of 154.74 is 22% above 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 Metals & Mining company?
The median Days Payable among Metals & Mining companies is 126.89, based on 1,064 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. Sail Mining Group's current Days Payable of 154.74 is 22% above 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 Sail Mining Group and its competitors. For the Metals & Mining industry, the median Days Payable is 126.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sail Mining Group's current Days Payable is 154.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sail Mining Group stock overvalued right now?
Sail Mining Group (JSE:SGP) has a current Days Payable of 154.74. The current Days Payable is 154.74 and 22% above the Metals & Mining industry median of 126.89. 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 Sail Mining Group (JSE:SGP), the current Days Payable is 154.74 as of Aug. 2021. 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.

Sail Mining Group Business Description

Address 4 Peltier Drive, Unit 25 Sunninghill Office Park, Johannesburg, GT, ZAF, 2054
Sail Mining Group Ltd Formerly Chrometco Ltd is a mineral exploration company. It has chrome and mining operations in the North-West Province of South Africa. In addition, Chrometco focuses on the investigation of other chrome and base metal properties for exploration purposes and on researching and investigating business development opportunities. The group holds interest in mining, concentrating and beneficiating various metals and their ores, in particular chrome, platinum, copper, cobalt, nickel and manganese.