Fortress Minerals (SGX:OAJ) Days Payable : 10.10 (As of Aug. 2023)

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What is Fortress Minerals Days Payable?

Fortress Minerals's average Accounts Payable for the three months ended in Aug. 2023 was S$0.88 Mil. Fortress Minerals's Cost of Goods Sold for the three months ended in Aug. 2023 was S$7.93 Mil. Hence, Fortress Minerals's Days Payable for the three months ended in Aug. 2023 was 10.10.

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

SGX:OAJ' s Days Payable Range Over the Past 10 Years
Min: 12.35 Med: 17.31 Max: 25.97
Current: 18.81

During the past 9 years, Fortress Minerals's highest Days Payable was 25.97. The lowest was 12.35. And the median was 17.31.

SGX:OAJ's Days Payable is ranked worse than
81.06% of 586 companies
in the Steel industry
Industry Median: 41.43 vs SGX:OAJ: 18.81

Fortress Minerals's Days Payable declined from Aug. 2022 (33.28) to Aug. 2023 (10.10). It may suggest that Fortress Minerals accelerated paying its suppliers.

Fortress Minerals Days Payable Historical Data

The historical data trend for Fortress Minerals'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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Fortress Minerals Days Payable Chart

Fortress Minerals Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Days Payable

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13.26

13.23

25.60

25.97

21.36

Fortress Minerals Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Feb24
Days Payable	Get a 7-Day Free Trial															27.22	24.14	18.29	10.10	-

Competitive Comparison of Fortress Minerals's Days Payable

For the Steel subindustry, Fortress Minerals'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.

Fortress Minerals's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Fortress Minerals's Days Payable distribution charts can be found below:

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

Fortress Minerals 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.

Fortress Minerals's Days Payable for the fiscal year that ended in Feb. 2024 is calculated as

	Days Payable (A: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2023 )	+	Accounts Payable (A: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2024 )	*	Days in Period
=	( (1.666	+	1.587)	/	2 )	/	27.797	*	365
=	1.6265					/	27.797	*	365
=	21.36

Fortress Minerals's Days Payable for the quarter that ended in Aug. 2023 is calculated as:

	Days Payable (Q: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2023 )	+	Accounts Payable (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (1.003	+	0.752)	/	2 )	/	7.928	*	365 / 4
=	0.8775					/	7.928	*	365 / 4
=	10.10

Fortress Minerals Days Payable Related Terms

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Fortress Minerals (SGX:OAJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Fortress Minerals Ltd (SGX:OAJ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9-1, Jalan PJS 8/18, Dataran Mentari, Petaling Jaya, SGR, MYS, 46150

Website

https://www.fortress.sg

Fortress Minerals Ltd is an iron ore concentrate miner and exporter in Malaysia. The company engages in exploration, mining, production, and sale of iron ore with low level of impurities. It mines the iron ore from its East, Valley and West Deposits of Bukit Besi Mine situated in the district of Dungun, state of Terengganu in Malaysia. It derives revenue from sale of iron ore.

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