African Copper (LSE:ACU) Days Payable: 120.32 (As of Sep. 2014)


What is African Copper Days Payable?

African Copper LSE:ACU +10.00% Days Payable is 120.32 as of Sep. 2014. The stock has 4 warning signs investors should review.

African Copper's average Accounts Payable for the six months ended in Sep. 2014 was £8.63 Mil. African Copper's Cost of Goods Sold for the six months ended in Sep. 2014 was £13.09 Mil. Hence, African Copper's Days Payable for the six months ended in Sep. 2014 was 120.32.

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

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

African Copper's Days Payable declined from Sep. 2013 (147.25) to Sep. 2014 (120.32). It may suggest that African Copper accelerated paying its suppliers.

African Copper Days Payable Historical Data

* Premium members only.

The historical data trend for African Copper'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.

African Copper Days Payable Chart

African Copper Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Mar11 Mar12 Mar13 Mar14
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 599.99 213.36 169.86 121.70 129.42

African Copper Semi-Annual Data
Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14
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 144.43 109.07 147.25 145.59 120.32

African Copper Days Payable Competitor Comparison

For the Copper subindustry, African Copper'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.

African Copper Days Payable vs Metals & Mining Industry

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

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


African Copper 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.

African Copper's Days Payable for the fiscal year that ended in Mar. 2014 is calculated as

Days Payable (A: Mar. 2014 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2013 ) + Accounts Payable (A: Mar. 2014 )) / count ) / Cost of Goods Sold (A: Mar. 2014 )*Days in Period
=( (8.709 + 8.627) / 2 ) / 24.446*365
=8.668 / 24.446*365
=129.42

African Copper's Days Payable for the quarter that ended in Sep. 2014 is calculated as:

Days Payable (Q: Sep. 2014 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2014 ) + Accounts Payable (Q: Sep. 2014 )) / count ) / Cost of Goods Sold (Q: Sep. 2014 )*Days in Period
=( (8.627 + 0) / 1 ) / 13.085*365 / 2
=8.627 / 13.085*365 / 2
=120.32

* 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 120.32 mean?
African Copper (LSE:ACU) has a Days Payable of 120.32 as of Sep. 2014. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on African Copper and its competitors.
Is African Copper's Days Payable too high?
African Copper's current Days Payable is 120.32. The Metals & Mining industry median Days Payable is 126.89. African Copper's value of 120.32 is 5.2% below this industry median.
How does African Copper's Days Payable compare to competitors?
African Copper's Days Payable of 120.32 can be compared against companies in the Metals & Mining industry. The industry median Days Payable is 126.89. African Copper's value of 120.32 is 5.2% below 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. African Copper's current Days Payable of 120.32 is 5.2% below 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 African Copper 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. African Copper's current Days Payable is 120.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is African Copper stock overvalued right now?
African Copper (LSE:ACU) has a current Days Payable of 120.32. The current Days Payable is 120.32 and 5.2% below 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 African Copper (LSE:ACU), the current Days Payable is 120.32 as of Sep. 2014. 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.

African Copper Business Description

African Copper PLC was incorporated on February 11, 2004 in England and Wales. The Company is engaged in the exploration for, development and mining of, copper deposits in the Republic of Botswana. Its main activity is that of a holding company. Its main project is the copper producing open pit Mowana mine. The Company's wholly-owned subsidiary Messina holds the Dukwe Project comprising exploration licence PL 33/2005, with an area of 139.6 km2. The Dukwe Project with its associated licences encompasses the Mowana Mine and all current estimated mineral resources and reserves associated with the mine; together with north and south extensions of mineralization that lie outside of the Mowana Mine licence area. It also owns the rights to the adjacent Thakadu-Makala deposits and holds permits in exploration properties at the Matsitama Project which is contiguous to the southern boundary of the Mowana Mine.