Millennial Lithium (TSXV:ML) Days Payable : 1,503.64 (As of Aug. 2021)

View and export this data going back to 2006. Start your Free Trial

What is Millennial Lithium Days Payable?

Millennial Lithium's average Accounts Payable for the three months ended in Aug. 2021 was C$0.38 Mil. Millennial Lithium's Cost of Goods Sold for the three months ended in Aug. 2021 was C$0.02 Mil. Hence, Millennial Lithium's Days Payable for the three months ended in Aug. 2021 was 1,503.64.

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

TSXV:ML' s Days Payable Range Over the Past 10 Years
Min: 233.19 Med: 1654.67 Max: 28348.33
Current: 1150.3

During the past 13 years, Millennial Lithium's highest Days Payable was 28348.33. The lowest was 233.19. And the median was 1654.67.

TSXV:ML's Days Payable is not ranked
in the Metals & Mining industry.
Industry Median: 135.555 vs TSXV:ML: 1150.30

Millennial Lithium's Days Payable increased from Aug. 2020 (896.71) to Aug. 2021 (1,503.64). It may suggest that Millennial Lithium delayed paying its suppliers.

Millennial Lithium Days Payable Historical Data

The historical data trend for Millennial Lithium'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.

Millennial Lithium Days Payable Chart

Millennial Lithium Annual Data

Trend

Feb12

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Days Payable

Get a 7-Day Free Trial

4,562.50

13,664.69

28,348.33

2,344.69

2,250.83

Millennial Lithium Quarterly Data
	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21
Days Payable	Get a 7-Day Free Trial															896.71	587.17	1,354.23	1,203.91	1,503.64

Competitive Comparison of Millennial Lithium's Days Payable

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

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

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

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

Millennial Lithium 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.

Millennial Lithium's Days Payable for the fiscal year that ended in Feb. 2021 is calculated as

	Days Payable (A: Feb. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2020 )	+	Accounts Payable (A: Feb. 2021 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2021 )	*	Days in Period
=	( (0.382	+	0.506)	/	2 )	/	0.072	*	365
=	0.444					/	0.072	*	365
=	2,250.83

Millennial Lithium's Days Payable for the quarter that ended in Aug. 2021 is calculated as:

	Days Payable (Q: Aug. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2021 )	+	Accounts Payable (Q: Aug. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2021 )	*	Days in Period
=	( (0.312	+	0.446)	/	2 )	/	0.023	*	365 / 4
=	0.379					/	0.023	*	365 / 4
=	1,503.64

Millennial Lithium Days Payable Related Terms

Thank you for viewing the detailed overview of Millennial Lithium's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Millennial Lithium (TSXV:ML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Millennial Lithium Corp (TSXV:ML) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

350 Bay Street, Suite 400, Toronto, ON, CAN, M5H 2S6

Website

http://www.millenniallithium.com

Millennial Lithium Corp is engaged in the business of acquisition, exploration and development of lithium mineral properties. The company's projects include the Pastos Grandes Lithium Project and Cauchari East Lithium Project. It has one operating segment, being the exploration of resource properties.