Mining Investments Resources (LSE:MIR) Days Payable: 456.25 (As of Dec. 2013)

What is Mining Investments Resources Days Payable?

Mining Investments Resources LSE:MIR Days Payable is 456.25 as of Dec. 2013. The stock has 2 warning signs investors should review.

Mining Investments Resources's average Accounts Payable for the six months ended in Dec. 2013 was £0.03 Mil. Mining Investments Resources's Cost of Goods Sold for the six months ended in Dec. 2013 was £0.01 Mil. Hence, Mining Investments Resources's Days Payable for the six months ended in Dec. 2013 was 456.25.

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

LSE:MIR's Days Payable is not ranked ^*
in the Conglomerates industry.
Industry Median: 55.71
* Ranked among companies with meaningful Days Payable only.

Mining Investments Resources's Days Payable increased from Dec. 2012 (0.00) to Dec. 2013 (456.25). It may suggest that Mining Investments Resources delayed paying its suppliers.

Mining Investments Resources Days Payable Related Terms

Mining Investments Resources Days Payable Historical Data

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The historical data trend for Mining Investments Resources'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.

Mining Investments Resources Days Payable Chart

Mining Investments Resources Annual Data

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Days Payable

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Mining Investments Resources Semi-Annual Data
	Sep03	Mar04	Sep04	Mar05	Sep05	Mar06	Sep06	Mar07	Sep07	Mar08	Sep08	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13
Days Payable	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	456.25

Mining Investments Resources Days Payable Competitor Comparison

For the Conglomerates subindustry, Mining Investments Resources'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.

Mining Investments Resources Days Payable vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Mining Investments Resources's Days Payable distribution charts can be found below:

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

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Mining Investments Resources 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.

Mining Investments Resources's Days Payable for the fiscal year that ended in Jun. 2013 is calculated as

	Days Payable (A: Jun. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2012 )	+	Accounts Payable (A: Jun. 2013 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2013 )	*	Days in Period
=	( (0.055	+	0.03)	/	2 )	/	0	*	365
=	0.0425					/	0	*	365
=	N/A

Mining Investments Resources's Days Payable for the quarter that ended in Dec. 2013 is calculated as:

	Days Payable (Q: Dec. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2013 )	+	Accounts Payable (Q: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
=	( (0.03	+	0)	/	1 )	/	0.012	*	365 / 2
=	0.03					/	0.012	*	365 / 2
=	456.25

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 456.25 mean?

Mining Investments Resources (LSE:MIR) has a Days Payable of 456.25 as of Dec. 2013. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Mining Investments Resources and its competitors.

Is Mining Investments Resources' Days Payable too high?

Mining Investments Resources' current Days Payable is 456.25. The Conglomerates industry median Days Payable is 55.71. Mining Investments Resources' value of 456.25 is 719% above this industry median.

How does Mining Investments Resources' Days Payable compare to competitors?

Mining Investments Resources' Days Payable of 456.25 can be compared against companies in the Conglomerates industry. The industry median Days Payable is 55.71. Mining Investments Resources' value of 456.25 is 719% 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 Conglomerates company?

The median Days Payable among Conglomerates companies is 55.71, based on 505 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. Mining Investments Resources's current Days Payable of 456.25 is 719% 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 Mining Investments Resources and its competitors. For the Conglomerates industry, the median Days Payable is 55.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mining Investments Resources's current Days Payable is 456.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Mining Investments Resources stock overvalued right now?

Mining Investments Resources (LSE:MIR) has a current Days Payable of 456.25. The current Days Payable is 456.25 and 719% above the Conglomerates industry median of 55.71. 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 Mining Investments Resources (LSE:MIR), the current Days Payable is 456.25 as of Dec. 2013. 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.

Mining Investments Resources Business Description

Industry Industrials Conglomerates

Comparable Companies LSE:AUCT LSE:VCBC LTS:0MBJ LSE:DERR LTS:0K9T LTS:0N7D LTS:0RKK LSE:TAT LTS:0AH7 LTS:0JWM LTS:0OPN LTS:0F89 LTS:0Q0J LSE:JAR LSE:JDS LTS:0QZQ

Website http://www.mirplc.com

Mining Investments Resources PLC is an investing company. It mainly invests in businesses which possess the opportunity for high growth, generally through exploitation of intellectual property. The Company's investing policy is to acquire a diverse portfolio of direct and indirect interests in exploration and producing projects and assets in the natural resources sector.