Ironveld (LSE:IRON) Days Payable : 3,365.58 (As of Dec. 2023)

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What is Ironveld Days Payable?

Ironveld's average Accounts Payable for the six months ended in Dec. 2023 was £2.84 Mil. Ironveld's Cost of Goods Sold for the six months ended in Dec. 2023 was £0.15 Mil. Hence, Ironveld's Days Payable for the six months ended in Dec. 2023 was 3,365.58.

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

LSE:IRON' s Days Payable Range Over the Past 10 Years
Min: 4114.06 Med: 12548.45 Max: 12548.45
Current: 4114.06

During the past 13 years, Ironveld's highest Days Payable was 12548.45. The lowest was 4114.06. And the median was 12548.45.

LSE:IRON's Days Payable is ranked better than
80.41% of 1067 companies
in the Metals & Mining industry
Industry Median: 128.35 vs LSE:IRON: 4114.06

Ironveld's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (3,365.58). It may suggest that Ironveld delayed paying its suppliers.

Ironveld Days Payable Historical Data

The historical data trend for Ironveld'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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Ironveld Days Payable Chart

Ironveld Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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12,548.45

Ironveld Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															-	-	-	7,457.33	3,365.58

Competitive Comparison of Ironveld's Days Payable

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

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

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

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

Ironveld 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.

Ironveld's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.132	+	1.862)	/	2 )	/	0.029	*	365
=	0.997					/	0.029	*	365
=	12,548.45

Ironveld's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.862	+	3.818)	/	2 )	/	0.154	*	365 / 2
=	2.84					/	0.154	*	365 / 2
=	3,365.58

Ironveld Days Payable Related Terms

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Ironveld (LSE:IRON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ironveld PLC (LSE:IRON) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NYJ:Germany

Address

Sir Alfred Owen Way, Unit D, De Clare House, Pontygwindy Industrial Estate, Caerphilly, GBR, CF83 3HU

Website

https://www.ironveld.com

Ironveld PLC is a UK-based exploration and development company, which is engaged in the exploration and mining of heavy minerals, iron, and vanadium. It focuses on the development of a new integrated Vanadiferous, Titaniferous-Magnetite VTM Project on the Northern Limb of the Bushveld Complex north of Mokopane in the Limpopo province of South Africa. The company owns and operates 15MW DC Smelter project, which produces iron products, vanadium, and titanium.