Delta Resources (TSXV:DLTA) Days Payable : 69,943.13 (As of Dec. 2023)

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What is Delta Resources Days Payable?

Delta Resources's average Accounts Payable for the three months ended in Dec. 2023 was C$0.77 Mil. Delta Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.00 Mil. Hence, Delta Resources's Days Payable for the three months ended in Dec. 2023 was 69,943.13.

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

TSXV:DLTA' s Days Payable Range Over the Past 10 Years
Min: 32941.25 Med: 72954.38 Max: 141620
Current: 45941.33

During the past 13 years, Delta Resources's highest Days Payable was 141620.00. The lowest was 32941.25. And the median was 72954.38.

TSXV:DLTA's Days Payable is ranked better than
97.18% of 1064 companies
in the Metals & Mining industry
Industry Median: 130.44 vs TSXV:DLTA: 45941.33

Delta Resources's Days Payable increased from Dec. 2022 (36,910.63) to Dec. 2023 (69,943.13). It may suggest that Delta Resources delayed paying its suppliers.

Delta Resources Days Payable Historical Data

The historical data trend for Delta Resources'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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Delta Resources Days Payable Chart

Delta Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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95,082.50

106,580.00

141,620.00

76,741.25

43,222.08

Delta Resources 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															36,910.63	-	78,794.38	18,991.41	69,943.13

Competitive Comparison of Delta Resources's Days Payable

For the Gold subindustry, Delta Resources'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.

Delta Resources's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Delta Resources's Days Payable falls into.

Delta Resources 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.

Delta Resources'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
=	( (0.516	+	0.905)	/	2 )	/	0.006	*	365
=	0.7105					/	0.006	*	365
=	43,222.08

Delta Resources'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
=	( (0.628	+	0.905)	/	2 )	/	0.001	*	365 / 4
=	0.7665					/	0.001	*	365 / 4
=	69,943.13

Delta Resources Days Payable Related Terms

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Delta Resources (TSXV:DLTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Delta Resources Ltd (TSXV:DLTA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

DTARF:USA 6GO1:Germany

Address

1718 Christine Street, Kingston, ON, CAN, K7L 4V4

Website

https://www.deltaresources.ca

Delta Resources Ltd is a Canadian mineral exploration company focused on growing shareholder value through the exploration of two high-potential gold and base-metal projects. It has a single operating segment which is the acquisition, exploration and development of exploration properties. The company has 100% ownership in the DELTA-1 Gold project in Thunder Bay, Ontario, DELTA-2 Gold polymetallic project in Chibougamau, Quebec and the Bellechasse-Timmins Gold project located in southeastern Quebec.

Executives

André Tessier

Director, Senior Officer

Delta Resources (TSXV:DLTA) Headlines

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