The average time taken for RIO TINTO IRON & TITANIUM LIMITED to pay invoices has fluctuated over the past three periods, with the longest average time taken in Jul 2018 - Dec 2018, followed by a decrease in Jan 2019 - Jun 2019, and then an increase again in Jul 2019 - Dec 2019.
The volatility of RIO TINTO IRON & TITANIUM LIMITED's payment patterns can be seen in the changes between the percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. This volatility suggests potential challenges in managing cash flow and meeting payment obligations.
Between Jul 2018 - Dec 2018, the average time taken for RIO TINTO IRON & TITANIUM LIMITED to pay invoices was the longest at XXX days. During this period, the percentage of invoices paid within 30 days was XX%, the percentage paid between 31 and 60 days was XX%, and the percentage paid later than 60 days was XX%. This was also the period with the highest percentage of invoices not paid within agreed terms at XX%. The shortest (or only) standard payment period during this period was XX days.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 |
Rio Tinto Iron Titanium Limited is a UK-registered entity within the Rio Tinto group, an international mining group. The group's own description states it is "a leading global mining group that focuses on finding, mining and processing the Earth’s mineral resources", with core products including iron ore, aluminium, copper, lithium and titanium dioxide. Its Companies House record lists this entity's activity as other business support services, indicating an administrative or corporate role rather than direct mining operations. The wider group operates mines and processing sites across numerous countries, producing raw materials used in steelmaking, construction and low-carbon technologies. This entity forms part of that global corporate structure.
Generated from the company's website and Companies House records. Sources: riotinto.com