Grangex AB (NGM:GRANGX) Days Payable : 261.02 (As of Dec. 2023)

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What is Grangex AB Days Payable?

Grangex AB's average Accounts Payable for the three months ended in Dec. 2023 was kr18.06 Mil. Grangex AB's Cost of Goods Sold for the three months ended in Dec. 2023 was kr6.32 Mil. Hence, Grangex AB's Days Payable for the three months ended in Dec. 2023 was 261.02.

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

NGM:GRANGX' s Days Payable Range Over the Past 10 Years
Min: 47.97 Med: 137.17 Max: 249.79
Current: 236.17

During the past 13 years, Grangex AB's highest Days Payable was 249.79. The lowest was 47.97. And the median was 137.17.

NGM:GRANGX's Days Payable is ranked better than
57.32% of 1066 companies
in the Metals & Mining industry
Industry Median: 137.515 vs NGM:GRANGX: 236.17

Grangex AB's Days Payable increased from Dec. 2022 (239.96) to Dec. 2023 (261.02). It may suggest that Grangex AB delayed paying its suppliers.

Grangex AB Days Payable Historical Data

The historical data trend for Grangex AB'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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Grangex AB Days Payable Chart

Grangex AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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111.70

121.22

135.86

138.47

203.31

Grangex AB Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															239.96	123.22	192.56	481.91	261.02

Competitive Comparison of Grangex AB's Days Payable

For the Other Precious Metals & Mining subindustry, Grangex AB'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.

Grangex AB's Days Payable Distribution in the Metals & Mining Industry

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

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

Grangex AB 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.

Grangex AB's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (6.457	+	17.001)	/	2 )	/	21.057	*	365
=	11.729					/	21.057	*	365
=	203.31

Grangex AB'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (19.127	+	17.001)	/	2 )	/	6.315	*	365 / 4
=	18.064					/	6.315	*	365 / 4
=	261.02

Grangex AB Days Payable Related Terms

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Grangex AB (NGM:GRANGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grangex AB (NGM:GRANGX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sandhamnsgatan 48A, Stockholm, SWE, 115 60

Website

https://www.grangesbergexploration.se

Grangex AB is a European mineral development company that develops and engages in the responsible extraction and recycling of minerals that contribute to society and climate. Its operations include Grangex Dannemora: Grangex Apatite: and Sala Bly.

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