Ecora Resources (Ecora Resources) Days Payable : 16.46 (As of Dec. 2023)

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What is Ecora Resources Days Payable?

Ecora Resources's average Accounts Payable for the six months ended in Dec. 2023 was $0.31 Mil. Ecora Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was $3.42 Mil. Hence, Ecora Resources's Days Payable for the six months ended in Dec. 2023 was 16.46.

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

ECRAF' s Days Payable Range Over the Past 10 Years
Min: 1.53 Med: 8.92 Max: 36.26
Current: 15.75

During the past 13 years, Ecora Resources's highest Days Payable was 36.26. The lowest was 1.53. And the median was 8.92.

ECRAF's Days Payable is ranked worse than
94.74% of 1065 companies
in the Metals & Mining industry
Industry Median: 128.84 vs ECRAF: 15.75

Ecora Resources's Days Payable increased from Dec. 2022 (14.09) to Dec. 2023 (16.46). It may suggest that Ecora Resources delayed paying its suppliers.

Ecora Resources Days Payable Historical Data

The historical data trend for Ecora 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.

Ecora Resources Days Payable Chart

Ecora Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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6.52

5.07

1.54

8.06

19.05

Ecora Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															107.44	3.23	14.09	11.97	16.46

Competitive Comparison of Ecora Resources's Days Payable

For the Other Industrial Metals & Mining subindustry, Ecora 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.

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

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

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

Ecora 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.

Ecora 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
=	( (0.505	+	0.414)	/	2 )	/	8.805	*	365
=	0.4595					/	8.805	*	365
=	19.05

Ecora 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.202	+	0.414)	/	2 )	/	3.415	*	365 / 2
=	0.308					/	3.415	*	365 / 2
=	16.46

Ecora Resources Days Payable Related Terms

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Ecora Resources (Ecora Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ecora Resources PLC (OTCPK:ECRAF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ECORl:UK ECOR:UK HGR:Germany ECOR:Canada

Address

Kent House, 14–17 Market Place, 3rd Floor North, London, GBR, W1W 8AJ

Website

https://www.ecora-resources.com

Ecora Resources PLC is engaged in obtaining royalties from a diversified portfolio focusing primarily on base metals and bulk materials. It focuses on commodities such as Copper; Nickel; Iron Ore; Gold; Cobalt; Vanadium; Met Coal and Uranium. Some of its assets include Voisey's Bay; Mantos Blancos; Maracas Menchen and others.