Argentum Silver (Argentum Silver) Days Payable : 2,920.00 (As of Dec. 2023)

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What is Argentum Silver Days Payable?

Argentum Silver's average Accounts Payable for the three months ended in Dec. 2023 was $0.03 Mil. Argentum Silver's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.00 Mil. Hence, Argentum Silver's Days Payable for the three months ended in Dec. 2023 was 2,920.00.

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

AGSVF' s Days Payable Range Over the Past 10 Years
Min: 1729.78 Med: 2615.84 Max: 7117.5
Current: 3996.75

During the past 13 years, Argentum Silver's highest Days Payable was 7117.50. The lowest was 1729.78. And the median was 2615.84.

AGSVF's Days Payable is ranked better than
79.96% of 1068 companies
in the Metals & Mining industry
Industry Median: 136.005 vs AGSVF: 3996.75

Argentum Silver's Days Payable declined from Dec. 2022 (3,148.13) to Dec. 2023 (2,920.00). It may suggest that Argentum Silver accelerated paying its suppliers.

Argentum Silver Days Payable Historical Data

The historical data trend for Argentum Silver'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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Argentum Silver Days Payable Chart

Argentum Silver Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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2,156.82

1,632.89

7,665.00

2,965.63

Argentum Silver 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															3,148.13	3,011.25	2,874.38	2,920.00	2,920.00

Competitive Comparison of Argentum Silver's Days Payable

For the Other Industrial Metals & Mining subindustry, Argentum Silver'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.

Argentum Silver's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Argentum Silver's Days Payable falls into.

Argentum Silver 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.

Argentum Silver's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.033	+	0.032)	/	2 )	/	0.004	*	365
=	0.0325					/	0.004	*	365
=	2,965.63

Argentum Silver'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
=	( (0.032	+	0.032)	/	2 )	/	0.001	*	365 / 4
=	0.032					/	0.001	*	365 / 4
=	2,920.00

Argentum Silver Days Payable Related Terms

Thank you for viewing the detailed overview of Argentum Silver's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Argentum Silver (Argentum Silver) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Argentum Silver Corp (OTCPK:AGSVF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

26A1:Germany ASL:Canada

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

http://www.argentumsilvercorp.com

Argentum Silver Corp is an exploration stage company, engaged in the acquisition, exploration, and development of mineral properties. The company projects include Vanadium Ridge and Cochavara.

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