Elcora Advanced Materials (TSXV:ERA) Days Payable : 39,055.00 (As of Dec. 2023)

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What is Elcora Advanced Materials Days Payable?

Elcora Advanced Materials's average Accounts Payable for the three months ended in Dec. 2023 was C$0.43 Mil. Elcora Advanced Materials's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.00 Mil. Hence, Elcora Advanced Materials's Days Payable for the three months ended in Dec. 2023 was 39,055.00.

The historical rank and industry rank for Elcora Advanced Materials's Days Payable or its related term are showing as below:

TSXV:ERA' s Days Payable Range Over the Past 10 Years
Min: 408.72 Med: 862.73 Max: 1647.64
Current: 590.39

During the past 12 years, Elcora Advanced Materials's highest Days Payable was 1647.64. The lowest was 408.72. And the median was 862.73.

TSXV:ERA's Days Payable is ranked better than
63.13% of 1066 companies
in the Metals & Mining industry
Industry Median: 137.515 vs TSXV:ERA: 590.39

Elcora Advanced Materials's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (39,055.00). It may suggest that Elcora Advanced Materials delayed paying its suppliers.

Elcora Advanced Materials Days Payable Historical Data

The historical data trend for Elcora Advanced Materials'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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Elcora Advanced Materials Days Payable Chart

Elcora Advanced Materials Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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486.67

697.22

875.76

1,116.82

1,647.64

Elcora Advanced Materials 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															-	487.10	2,013.20	235.63	39,055.00

Competitive Comparison of Elcora Advanced Materials's Days Payable

For the Other Industrial Metals & Mining subindustry, Elcora Advanced Materials'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.

Elcora Advanced Materials's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Elcora Advanced Materials's Days Payable falls into.

Elcora Advanced Materials 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.

Elcora Advanced Materials's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.262	+	0.379)	/	2 )	/	0.071	*	365
=	0.3205					/	0.071	*	365
=	1,647.64

Elcora Advanced Materials'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
=	( (0.458	+	0.398)	/	2 )	/	0.001	*	365 / 4
=	0.428					/	0.001	*	365 / 4
=	39,055.00

Elcora Advanced Materials Days Payable Related Terms

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Elcora Advanced Materials (TSXV:ERA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Elcora Advanced Materials Corp (TSXV:ERA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ECORF:USA ELM:Germany

Address

111 Ahmadi Crescent, Bedford, Halifax, NS, CAN, B4E 4E5

Website

https://www.elcoracorp.com

Elcora Advanced Materials Corp is a vertically integrated graphite and graphene company. The company mines, processes, refines graphite and produces both graphene and end graphene applications. Its products include EL-I-C6 Graphite and Anode Powders; EL-2D Few-Layer Graphene; EL-MG/5 Micro Graphite and EL-NP Graphite Nano-Platelets. The company's operating segment includes the development of graphite mineral properties and graphene-related research and development activities.

Executives

Denis Choquette

Director