Arizona Sonoran Copper Co (FRA:H6F) Days Payable : 6,466.58 (As of Mar. 2024)

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What is Arizona Sonoran Copper Co Days Payable?

Arizona Sonoran Copper Co's average Accounts Payable for the three months ended in Mar. 2024 was €1.06 Mil. Arizona Sonoran Copper Co's Cost of Goods Sold for the three months ended in Mar. 2024 was €0.02 Mil. Hence, Arizona Sonoran Copper Co's Days Payable for the three months ended in Mar. 2024 was 6,466.58.

The historical rank and industry rank for Arizona Sonoran Copper Co's Days Payable or its related term are showing as below:

FRA:H6F' s Days Payable Range Over the Past 10 Years
Min: 3754.06 Med: 5654.06 Max: 17735.68
Current: 10721.48

During the past 5 years, Arizona Sonoran Copper Co's highest Days Payable was 17735.68. The lowest was 3754.06. And the median was 5654.06.

FRA:H6F's Days Payable is ranked better than
88.88% of 1070 companies
in the Metals & Mining industry
Industry Median: 139.86 vs FRA:H6F: 10721.48

Arizona Sonoran Copper Co's Days Payable increased from Mar. 2023 (3,672.81) to Mar. 2024 (6,466.58). It may suggest that Arizona Sonoran Copper Co delayed paying its suppliers.

Arizona Sonoran Copper Co Days Payable Historical Data

The historical data trend for Arizona Sonoran Copper Co'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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Arizona Sonoran Copper Co Days Payable Chart

Arizona Sonoran Copper Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

18,158.75

4,786.48

3,756.27

6,384.35

Arizona Sonoran Copper Co Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												3,672.81	39,572.08	11,226.79	10,137.88	6,466.58

Competitive Comparison of Arizona Sonoran Copper Co's Days Payable

For the Copper subindustry, Arizona Sonoran Copper Co'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.

Arizona Sonoran Copper Co's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Arizona Sonoran Copper Co's Days Payable falls into.

Arizona Sonoran Copper Co 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.

Arizona Sonoran Copper Co'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
=	( (0.939	+	1.09)	/	2 )	/	0.058	*	365
=	1.0145					/	0.058	*	365
=	6,384.35

Arizona Sonoran Copper Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1.09	+	1.036)	/	2 )	/	0.015	*	365 / 4
=	1.063					/	0.015	*	365 / 4
=	6,466.58

Arizona Sonoran Copper Co Days Payable Related Terms

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Arizona Sonoran Copper Co (FRA:H6F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arizona Sonoran Copper Co Inc (FRA:H6F) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ASCUF:USA ASCU:Canada

Address

Simpson Tower, 401 Bay Street, Suite 2704, Box Number 4, Toronto, ON, CAN, M5H 2Y4

Website

https://www.arizonasonoran.com

Arizona Sonoran Copper Co Inc is a mineral exploration company. It owns interests in the Cactus Project, located to the southeast of the Phoenix metropolitan area, on private land in Pinal County, Arizona.

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