Metalore Resources (Metalore Resources) Days Payable : 40.93 (As of Dec. 2023)

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What is Metalore Resources Days Payable?

Metalore Resources's average Accounts Payable for the three months ended in Dec. 2023 was $0.05 Mil. Metalore Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.11 Mil. Hence, Metalore Resources's Days Payable for the three months ended in Dec. 2023 was 40.93.

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

MTLRF' s Days Payable Range Over the Past 10 Years
Min: 31.78 Med: 60.84 Max: 72.82
Current: 41.59

During the past 13 years, Metalore Resources's highest Days Payable was 72.82. The lowest was 31.78. And the median was 60.84.

MTLRF's Days Payable is ranked worse than
65.44% of 900 companies
in the Oil & Gas industry
Industry Median: 59.43 vs MTLRF: 41.59

Metalore Resources's Days Payable declined from Dec. 2022 (97.83) to Dec. 2023 (40.93). It may suggest that Metalore Resources accelerated paying its suppliers.

Metalore Resources Days Payable Historical Data

The historical data trend for Metalore 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.

Metalore Resources Days Payable Chart

Metalore Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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39.33

36.81

53.70

59.68

33.27

Metalore Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															97.83	33.38	46.05	37.69	40.93

Competitive Comparison of Metalore Resources's Days Payable

For the Oil & Gas E&P subindustry, Metalore 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.

Metalore Resources's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Metalore Resources's Days Payable distribution charts can be found below:

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

Metalore 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.

Metalore Resources's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.054	+	0.053)	/	2 )	/	0.587	*	365
=	0.0535					/	0.587	*	365
=	33.27

Metalore 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.039	+	0.057)	/	2 )	/	0.107	*	365 / 4
=	0.048					/	0.107	*	365 / 4
=	40.93

Metalore Resources Days Payable Related Terms

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Metalore Resources (Metalore Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Metalore Resources Ltd (OTCPK:MTLRF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MET:Canada

Address

124 Norfolk Street North, P.O. Box 422, Simcoe, ON, CAN, N3Y 3N8

Website

https://www.metaloreresources.ca

Metalore Resources Ltd is a Canada-based resource company focused on natural gas production and gold exploration. It owns and controls petroleum, natural gas, and mineral leases in Charlotteville, Walsingham, and Houghton townships in Norfolk County, Ontario. The company's properties for gold exploration include Paint LakeProperty and Brookbank Jv Properties. It generates the majority of revenue from the sale of natural gas.