Gemfields (LSE:GEMA) Days Payable: 61.93 (As of Dec. 2016) — 27% Above Median


What is Gemfields Days Payable?

Gemfields LSE:GEMA Days Payable is 61.93 as of Dec. 2016, which is 27% above its 10-year median of 48.77. The stock has 4 warning signs investors should review.

Gemfields's average Accounts Payable for the six months ended in Dec. 2016 was £11.50 Mil. Gemfields's Cost of Goods Sold for the six months ended in Dec. 2016 was £33.88 Mil. Hence, Gemfields's Days Payable for the six months ended in Dec. 2016 was 61.93.

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

LSE:GEMA' s Days Payable Range Over the Past 10 Years
Min: 29.07   Med: 48.77   Max: 274.23
Current: 91.57

During the past 13 years, Gemfields's highest Days Payable was 274.23. The lowest was 29.07. And the median was 48.77.

LSE:GEMA's Days Payable is not ranked
in the Metals & Mining industry.
Industry Median: 126.885 vs LSE:GEMA: 91.57

Gemfields's Days Payable increased from Dec. 2015 (60.53) to Dec. 2016 (61.93). It may suggest that Gemfields delayed paying its suppliers.


Gemfields Days Payable Historical Data

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The historical data trend for Gemfields'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.

Gemfields Days Payable Chart

Gemfields Annual Data
Trend Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.14 40.88 35.18 44.58 36.99

Gemfields Semi-Annual Data
Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16
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 63.99 54.23 60.53 46.14 61.93

Gemfields Days Payable Competitor Comparison

For the Other Precious Metals & Mining subindustry, Gemfields'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.


Gemfields Days Payable vs Metals & Mining Industry

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

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



Gemfields 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.

Gemfields's Days Payable for the fiscal year that ended in Jun. 2016 is calculated as

Days Payable (A: Jun. 2016 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2015 ) + Accounts Payable (A: Jun. 2016 )) / count ) / Cost of Goods Sold (A: Jun. 2016 )*Days in Period
=( (8.499 + 5.602) / 2 ) / 69.575*365
=7.0505 / 69.575*365
=36.99

Gemfields's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

Days Payable (Q: Dec. 2016 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2016 ) + Accounts Payable (Q: Dec. 2016 )) / count ) / Cost of Goods Sold (Q: Dec. 2016 )*Days in Period
=( (5.602 + 17.392) / 2 ) / 33.878*365 / 2
=11.497 / 33.878*365 / 2
=61.93

* 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 61.93 mean?
Gemfields (LSE:GEMA) has a Days Payable of 61.93 as of Dec. 2016. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Gemfields and its competitors. This is 27% above median its historical median of 48.77. Over the past decade, Gemfields' Days Payable has ranged from 29.07 to 274.23.
Is Gemfields' Days Payable too high?
Gemfields' current Days Payable of 61.93 is 27% above median its 10-year median of 48.77. Over the past 10 years, this metric has ranged from a low of 29.07 to a high of 274.23. The Metals & Mining industry median Days Payable is 126.89. Gemfields' value of 61.93 is 51.2% below this industry median.
How does Gemfields' Days Payable compare to competitors?
Gemfields' Days Payable of 61.93 can be compared against companies in the Metals & Mining industry. The industry median Days Payable is 126.89. Gemfields' value of 61.93 is 51.2% below this benchmark. Historically, Gemfields' own Days Payable has ranged from 29.07 to 274.23 over the past decade. While the company's 10-year median is 48.77 vs. the industry median of 126.89, Gemfields has consistently been below the industry average. 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. Gemfields's current Days Payable of 61.93 is 51.2% 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 Gemfields 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. Gemfields's current Days Payable is 61.93, which is 27% above median its own 10-year median of 48.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gemfields stock overvalued right now?
Gemfields (LSE:GEMA) has a current Days Payable of 61.93. The current Days Payable is 61.93, which is 27% above median its 10-year median of 48.77 and 51.2% 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 Gemfields (LSE:GEMA), the current Days Payable is 61.93 as of Dec. 2016. 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.

Gemfields Business Description

Address St Julian’s Avenue, Royal Chambers, PO Box 186, Saint Peter Port, GGY, W1S 2HR
Gemfields PLC is a supplier of colored gemstones specializing in emeralds and amethysts from Zambia and rubies from Mozambique. The company's assets include Kagem emerald mine, Montepuez ruby mine, Kariba amethyst mine, Faberge, and it also has emerald, sapphire and ruby exploration projects at Colombia, Ethiopia, Sri Lanka, and Madagascar. Its segments consist of Zambia, Mozambique, United Kingdom, Faberge, and others. The company earns the majority of the revenue from the sale of rough and cut and polished gemstones as well as wholesale and retail sales of the gemstones and jewelry in the Faberge business.