Orvana Minerals (Orvana Minerals) Days Payable : 70.37 (As of Dec. 2023)

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What is Orvana Minerals Days Payable?

Orvana Minerals's average Accounts Payable for the three months ended in Dec. 2023 was $17.07 Mil. Orvana Minerals's Cost of Goods Sold for the three months ended in Dec. 2023 was $22.14 Mil. Hence, Orvana Minerals's Days Payable for the three months ended in Dec. 2023 was 70.37.

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

ORVMF' s Days Payable Range Over the Past 10 Years
Min: 50.21 Med: 69.95 Max: 107.99
Current: 86.21

During the past 13 years, Orvana Minerals's highest Days Payable was 107.99. The lowest was 50.21. And the median was 69.95.

ORVMF's Days Payable is ranked worse than
57.37% of 1065 companies
in the Metals & Mining industry
Industry Median: 128.84 vs ORVMF: 86.21

Orvana Minerals's Days Payable declined from Dec. 2022 (98.83) to Dec. 2023 (70.37). It may suggest that Orvana Minerals accelerated paying its suppliers.

Orvana Minerals Days Payable Historical Data

The historical data trend for Orvana 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.

* Premium members only.

Orvana Minerals Days Payable Chart

Orvana Minerals Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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70.21

97.80

105.61

91.42

93.13

Orvana Minerals 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															98.83	101.22	101.39	87.33	70.37

Competitive Comparison of Orvana Minerals's Days Payable

For the Other Precious Metals & Mining subindustry, Orvana 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.

Orvana Minerals's Days Payable Distribution in the Metals & Mining Industry

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

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

Orvana 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.

Orvana Minerals's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (24.658	+	22.491)	/	2 )	/	92.397	*	365
=	23.5745					/	92.397	*	365
=	93.13

Orvana Minerals'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
=	( (22.491	+	11.653)	/	2 )	/	22.139	*	365 / 4
=	17.072					/	22.139	*	365 / 4
=	70.37

Orvana Minerals Days Payable Related Terms

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Orvana Minerals (Orvana Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orvana Minerals Corp (OTCPK:ORVMF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

O6M:Germany ORV:Canada

Address

70 York Street, Suite 1710, Toronto, ON, CAN, M5J 1S9

Website

https://www.orvana.com

Orvana Minerals Corp is a Canadian mining and exploration company that is involved in the evaluation, development, and mining of precious and base metal deposits. The company predominantly operates in the gold and copper mining industry and its majority of the products are gold dore and gold/copper concentrates. Its properties include El Valle and Carles mines and the El Valle processing plant (collectively, El Valle), producer of copper concentrate and dore, Don Mario Operation and Taguas Property. The company's segments include Orovalle, which operates El Valle Mine in Spain, EMIPA which operates Don Mario Mine in Bolivia, Orvana Argentina and Corporate. Majority of the revenue for the company is generated from its Orovalle segment.