Metals Exploration (LSE:MTL) Days Payable : 25.12 (As of Jun. 2024)

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What is Metals Exploration Days Payable?

Metals Exploration's average Accounts Payable for the six months ended in Jun. 2024 was £7.9 Mil. Metals Exploration's Cost of Goods Sold for the six months ended in Jun. 2024 was £57.7 Mil. Hence, Metals Exploration's Days Payable for the six months ended in Jun. 2024 was 25.12.

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

LSE:MTL' s Days Payable Range Over the Past 10 Years
Min: 19.06 Med: 50.23 Max: 257.97
Current: 27.27

During the past 13 years, Metals Exploration's highest Days Payable was 257.97. The lowest was 19.06. And the median was 50.23.

LSE:MTL's Days Payable is ranked worse than
87.96% of 1055 companies
in the Metals & Mining industry
Industry Median: 137.46 vs LSE:MTL: 27.27

Metals Exploration's Days Payable declined from Jun. 2023 (37.81) to Jun. 2024 (25.12). It may suggest that Metals Exploration accelerated paying its suppliers.

Metals Exploration Days Payable Historical Data

The historical data trend for Metals Exploration'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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Metals Exploration Days Payable Chart

Metals Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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62.62

44.53

19.06

24.77

25.27

Metals Exploration Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															35.56	39.64	37.81	26.63	25.12

Competitive Comparison of Metals Exploration's Days Payable

For the Gold subindustry, Metals Exploration'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.

Metals Exploration's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Metals Exploration's Days Payable falls into.

Metals Exploration 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.

Metals Exploration'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
=	( (7.153	+	7.003)	/	2 )	/	102.245	*	365
=	7.078					/	102.245	*	365
=	25.27

Metals Exploration's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (7.003	+	8.87)	/	2 )	/	57.656	*	365 / 2
=	7.9365					/	57.656	*	365 / 2
=	25.12

Metals Exploration Days Payable Related Terms

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Metals Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Metals Exploration PLC (LSE:MTL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MJ4:Germany MJ4:Germany

Address

22a St James Square, 3rd Floor, London, GBR, SW1Y 4JH

Website

https://www.metalsexploration.com

Metals Exploration PLC is a natural resource exploration and development company. The company identifies, acquires, and develops mining and processing projects, mining companies, and businesses with a focus on base and precious metals mining opportunities. The main asset of the company is a Runruno gold-molybdenum project in Northern Philippines. The company operates in geographic areas of the UK, Philippines and Singapore.