Thungela Resources (Thungela Resources) Days Payable : 80.85 (As of Dec. 2023)

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What is Thungela Resources Days Payable?

Thungela Resources's average Accounts Payable for the six months ended in Dec. 2023 was $143 Mil. Thungela Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was $323 Mil. Hence, Thungela Resources's Days Payable for the six months ended in Dec. 2023 was 80.85.

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

TNGRF' s Days Payable Range Over the Past 10 Years
Min: 52.5 Med: 81.87 Max: 867.69
Current: 90.6

During the past 6 years, Thungela Resources's highest Days Payable was 867.69. The lowest was 52.50. And the median was 81.87.

TNGRF's Days Payable is ranked better than
61.9% of 126 companies
in the Other Energy Sources industry
Industry Median: 64.77 vs TNGRF: 90.60

Thungela Resources's Days Payable increased from Dec. 2022 (70.30) to Dec. 2023 (80.85). It may suggest that Thungela Resources delayed paying its suppliers.

Thungela Resources Days Payable Historical Data

The historical data trend for Thungela 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.

* Premium members only.

Thungela Resources Days Payable Chart

Thungela Resources Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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65.02

880.88

128.64

67.95

101.36

Thungela Resources Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial					112.92	69.16	70.30	99.40	80.85

Competitive Comparison of Thungela Resources's Days Payable

For the Thermal Coal subindustry, Thungela 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.

Thungela Resources's Days Payable Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Thungela Resources's Days Payable distribution charts can be found below:

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

Thungela 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.

Thungela Resources'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
=	( (120.891	+	176.409)	/	2 )	/	535.293	*	365
=	148.65					/	535.293	*	365
=	101.36

Thungela Resources'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
=	( (109.417	+	176.409)	/	2 )	/	322.603	*	365 / 2
=	142.913					/	322.603	*	365 / 2
=	80.85

Thungela Resources Days Payable Related Terms

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Thungela Resources (Thungela Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Thungela Resources Ltd (OTCPK:TNGRF) » Definitions » Days Payable

Traded in Other Exchanges

TGA:South Africa TGAl:UK TGA:UK 6UP:Germany

Address

25 Bath Avenue, Rosebank, Johannesburg, GT, ZAF, 2196

Website

https://www.thungela.com

Thungela Resources Ltd is a pure-play producer and exporter of thermal coal in South Africa. It owns interests in various mining operations, namely Goedehoop, Greenside, Isibonelo, Khwezela, AAIC, Mafube Coal Mining and Butsanani Energy which consist of both underground and open cast mines located in the Mpumalanga province of South Africa.

Thungela Resources (Thungela Resources) Headlines

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