Eastfield Resources (Eastfield Resources) Days Payable : 121.67 (As of Nov. 2023)

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What is Eastfield Resources Days Payable?

Eastfield Resources's average Accounts Payable for the three months ended in Nov. 2023 was $0.01 Mil. Eastfield Resources's Cost of Goods Sold for the three months ended in Nov. 2023 was $0.01 Mil. Hence, Eastfield Resources's Days Payable for the three months ended in Nov. 2023 was 121.67.

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

ETFLF' s Days Payable Range Over the Past 10 Years
Min: 566.82 Med: 7673.56 Max: 19345
Current: 566.82

During the past 13 years, Eastfield Resources's highest Days Payable was 19345.00. The lowest was 566.82. And the median was 7673.56.

ETFLF's Days Payable is ranked better than
63.66% of 1065 companies
in the Metals & Mining industry
Industry Median: 130.91 vs ETFLF: 566.82

Eastfield Resources's Days Payable declined from Nov. 2022 (1,315.52) to Nov. 2023 (121.67). It may suggest that Eastfield Resources accelerated paying its suppliers.

Eastfield Resources Days Payable Historical Data

The historical data trend for Eastfield 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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Eastfield Resources Days Payable Chart

Eastfield Resources Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Payable

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1,053.52

942.92

1,124.20

1,007.40

Eastfield Resources Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Payable	Get a 7-Day Free Trial															1,315.52	971.16	631.15	311.77	121.67

Competitive Comparison of Eastfield Resources's Days Payable

For the Other Precious Metals & Mining subindustry, Eastfield 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.

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

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

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

Eastfield 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.

Eastfield Resources's Days Payable for the fiscal year that ended in Feb. 2023 is calculated as

	Days Payable (A: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2022 )	+	Accounts Payable (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (0.086	+	0.052)	/	2 )	/	0.025	*	365
=	0.069					/	0.025	*	365
=	1,007.40

Eastfield Resources's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (0.01	+	0.006)	/	2 )	/	0.006	*	365 / 4
=	0.008					/	0.006	*	365 / 4
=	121.67

Eastfield Resources Days Payable Related Terms

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Eastfield Resources (Eastfield Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eastfield Resources Ltd (OTCPK:ETFLF) » Definitions » Days Payable

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Traded in Other Exchanges

ETF:Canada

Address

325 Howe Street, Suite 110, Vancouver, BC, CAN, V6C 1Z7

Website

https://www.eastfieldresources.com

Eastfield Resources Ltd is a Canadian mineral exploration company focused on the discovery of precious metal and copper deposits. Its principal business activities are the acquisition and exploration of gold, copper and other precious and base metal properties in Canada. The company projects includes Zymo, Indata, Iron leg, Hegde Hog and CR projects.

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