Norseman Gold (LSE:NGL) Days Payable : 76.94 (As of Jun. 2014)

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What is Norseman Gold Days Payable?

Norseman Gold's average Accounts Payable for the six months ended in Jun. 2014 was £2.32 Mil. Norseman Gold's Cost of Goods Sold for the six months ended in Jun. 2014 was £11.02 Mil. Hence, Norseman Gold's Days Payable for the six months ended in Jun. 2014 was 38.47.

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

LSE:NGL' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 111.11
Current: 111.11

During the past 6 years, Norseman Gold's highest Days Payable was 111.11. The lowest was 0.00. And the median was 0.00.

LSE:NGL's Days Payable is not ranked
in the Metals & Mining industry.
Industry Median: 139.86 vs LSE:NGL: 111.11

Norseman Gold's Days Payable declined from Jun. 2012 (112.38) to Jun. 2014 (76.94). It may suggest that Norseman Gold accelerated paying its suppliers.

Norseman Gold Days Payable Historical Data

The historical data trend for Norseman Gold'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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Norseman Gold Days Payable Chart

Norseman Gold Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Days Payable

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40.66

51.17

88.18

94.57

76.94

Norseman Gold Semi-Annual Data
	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14
Days Payable	Get a 7-Day Free Trial			40.66	66.51	112.38	94.57	76.94

Competitive Comparison of Norseman Gold's Days Payable

For the Gold subindustry, Norseman Gold'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.

Norseman Gold's Days Payable Distribution in the Metals & Mining Industry

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

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

Norseman Gold 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.

Norseman Gold's Days Payable for the fiscal year that ended in Jun. 2014 is calculated as

	Days Payable (A: Jun. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2013 )	+	Accounts Payable (A: Jun. 2014 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2014 )	*	Days in Period
=	( (1.292	+	3.355)	/	2 )	/	11.022	*	365
=	2.3235					/	11.022	*	365
=	76.94

Norseman Gold's Days Payable for the quarter that ended in Jun. 2014 is calculated as:

	Days Payable (Q: Jun. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2013 )	+	Accounts Payable (Q: Jun. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2014 )	*	Days in Period
=	( (1.292	+	3.355)	/	2 )	/	11.022	*	365 / 2
=	2.3235					/	11.022	*	365 / 2
=	38.47

Norseman Gold Days Payable Related Terms

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Norseman Gold (LSE:NGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norseman Gold PLC (LSE:NGL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.norsemangoldplc.com

Norseman Gold PLC is engaged in the production, exploration, evaluation and development of mineral resources. It is involved in the operation of Central Norseman Gold Corporation Ltd (the Norseman Project). The Norseman Project is located adjacent to the Norseman township, approximately 725 kilometres east of Perth, Western Australia. Current operations source ore from the Bullen underground mine and the Harlequin underground mine using underground mining methods of airleg up dip room and pillar stoping and long-hole stoping.