Euromax Resources (TSXV:EOX) Days Payable : 2,418.13 (As of Dec. 2023)

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What is Euromax Resources Days Payable?

Euromax Resources's average Accounts Payable for the three months ended in Dec. 2023 was C$0.29 Mil. Euromax Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.01 Mil. Hence, Euromax Resources's Days Payable for the three months ended in Dec. 2023 was 2,418.13.

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

TSXV:EOX' s Days Payable Range Over the Past 10 Years
Min: 144.31 Med: 2468.66 Max: 5243.83
Current: 3903.07

During the past 13 years, Euromax Resources's highest Days Payable was 5243.83. The lowest was 144.31. And the median was 2468.66.

TSXV:EOX's Days Payable is ranked better than
79.57% of 1067 companies
in the Metals & Mining industry
Industry Median: 131.81 vs TSXV:EOX: 3903.07

Euromax Resources's Days Payable declined from Dec. 2022 (5,578.69) to Dec. 2023 (2,418.13). It may suggest that Euromax Resources accelerated paying its suppliers.

Euromax Resources Days Payable Historical Data

The historical data trend for Euromax 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.

* Premium members only.

Euromax Resources Days Payable Chart

Euromax Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1,699.28

1,992.13

2,033.91

5,243.83

4,590.89

Euromax 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															5,578.69	6,341.88	3,661.41	2,509.38	2,418.13

Competitive Comparison of Euromax Resources's Days Payable

For the Other Industrial Metals & Mining subindustry, Euromax 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.

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

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

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

Euromax 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.

Euromax 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
=	( (0.86	+	0.272)	/	2 )	/	0.045	*	365
=	0.566					/	0.045	*	365
=	4,590.89

Euromax 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
=	( (0.311	+	0.272)	/	2 )	/	0.011	*	365 / 4
=	0.2915					/	0.011	*	365 / 4
=	2,418.13

Euromax Resources Days Payable Related Terms

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Euromax Resources (TSXV:EOX) Business Description

Industry

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

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Traded in Other Exchanges

EOXFF:USA

Address

Boulevard Partizanski Odredi No. 14, 1/2-3 Skopje, Skopje, MKD, 1000

Website

https://www.euromaxresources.com

Euromax Resources Ltd is a Canadian-based firm focused on developing the Ilovica-Shtuka copper and gold project in Macedonia, the mining project in the country and the greenfield development in the Balkans for many years. The group operates in one sector in the mining industry, i.e. the exploration and development of mineral rights interests.

Euromax Resources (TSXV:EOX) Headlines

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