QMC Quantum Minerals (QMC Quantum Minerals) Days Payable : 15,466.88 (As of Feb. 2024)

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What is QMC Quantum Minerals Days Payable?

QMC Quantum Minerals's average Accounts Payable for the three months ended in Feb. 2024 was $0.68 Mil. QMC Quantum Minerals's Cost of Goods Sold for the three months ended in Feb. 2024 was $0.00 Mil. Hence, QMC Quantum Minerals's Days Payable for the three months ended in Feb. 2024 was 15,466.88.

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

QMCQF's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 139.86
* Ranked among companies with meaningful Days Payable only.

QMC Quantum Minerals's Days Payable declined from Feb. 2023 (52,012.50) to Feb. 2024 (15,466.88). It may suggest that QMC Quantum Minerals accelerated paying its suppliers.

QMC Quantum Minerals Days Payable Historical Data

The historical data trend for QMC Quantum 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.

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QMC Quantum Minerals Days Payable Chart

QMC Quantum Minerals Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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QMC Quantum Minerals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															52,012.50	4,396.59	-	-	15,466.88

Competitive Comparison of QMC Quantum Minerals's Days Payable

For the Other Industrial Metals & Mining subindustry, QMC Quantum 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.

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

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

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

QMC Quantum 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.

QMC Quantum Minerals's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.007	*	365
=	0					/	0.007	*	365
=	0.00

QMC Quantum Minerals's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (0	+	0.678)	/	1 )	/	0.004	*	365 / 4
=	0.678					/	0.004	*	365 / 4
=	15,466.88

QMC Quantum Minerals Days Payable Related Terms

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QMC Quantum Minerals (QMC Quantum Minerals) Business Description

Industry

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

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QMC:Canada

Address

755 Burrard Street, Suite 440, Vancouver, BC, CAN, V6Z 1X6

Website

https://www.qmcminerals.com

QMC Quantum Minerals Corp is a company engaged in the acquisition, exploration and development of resource properties. Its objective is to acquire, locate and develop economic deposits within the company's precious, base, rare metal resource properties of merit. The company's properties include the Irgon Lithium Mine Project, the Rocky Lake property, Rocky-Namew and Namew Lake properties.