Consolidated Lithium Metals (Consolidated Lithium Metals) Days Payable : 1,257.95 (As of Dec. 2023)

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What is Consolidated Lithium Metals Days Payable?

Consolidated Lithium Metals's average Accounts Payable for the three months ended in Dec. 2023 was $0.19 Mil. Consolidated Lithium Metals's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.01 Mil. Hence, Consolidated Lithium Metals's Days Payable for the three months ended in Dec. 2023 was 1,257.95.

The historical rank and industry rank for Consolidated Lithium Metals's Days Payable or its related term are showing as below:

JORFF' s Days Payable Range Over the Past 10 Years
Min: 2135.49 Med: 5307.36 Max: 8479.23
Current: 2183.28

During the past 13 years, Consolidated Lithium Metals's highest Days Payable was 8479.23. The lowest was 2135.49. And the median was 5307.36.

JORFF's Days Payable is ranked better than
73.68% of 1064 companies
in the Metals & Mining industry
Industry Median: 130.44 vs JORFF: 2183.28

Consolidated Lithium Metals's Days Payable declined from Dec. 2022 (3,357.04) to Dec. 2023 (1,257.95). It may suggest that Consolidated Lithium Metals accelerated paying its suppliers.

Consolidated Lithium Metals Days Payable Historical Data

The historical data trend for Consolidated Lithium Metals'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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Consolidated Lithium Metals Days Payable Chart

Consolidated Lithium Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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8,740.79

2,125.96

Consolidated Lithium Metals 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															3,357.04	2,942.81	2,457.23	2,128.08	1,257.95

Competitive Comparison of Consolidated Lithium Metals's Days Payable

For the Other Industrial Metals & Mining subindustry, Consolidated Lithium Metals'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.

Consolidated Lithium Metals's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Consolidated Lithium Metals's Days Payable falls into.

Consolidated Lithium Metals 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.

Consolidated Lithium Metals'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
=	( (0.54	+	0.124)	/	2 )	/	0.057	*	365
=	0.332					/	0.057	*	365
=	2,125.96

Consolidated Lithium Metals'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
=	( (0.262	+	0.124)	/	2 )	/	0.014	*	365 / 4
=	0.193					/	0.014	*	365 / 4
=	1,257.95

Consolidated Lithium Metals Days Payable Related Terms

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Consolidated Lithium Metals (Consolidated Lithium Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Consolidated Lithium Metals Inc (OTCPK:JORFF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

Z36:Germany CLM:Canada

Address

Fourth floor of 5 Hazelton Avenue, Toronto, ON, CAN, M5R 2E1

Website

https://www.jourdaninc.com

Consolidated Lithium Metals Inc is a Canadian junior mining exploration company. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company's properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium's Quebec lithium mine.