Altius Minerals (Altius Minerals) Days Payable : 102.04 (As of Dec. 2023)

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What is Altius Minerals Days Payable?

Altius Minerals's average Accounts Payable for the three months ended in Dec. 2023 was $3.26 Mil. Altius Minerals's Cost of Goods Sold for the three months ended in Dec. 2023 was $2.91 Mil. Hence, Altius Minerals's Days Payable for the three months ended in Dec. 2023 was 102.04.

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

ATUSF' s Days Payable Range Over the Past 10 Years
Min: 60.37 Med: 89.05 Max: 36476.83
Current: 75.12

During the past 13 years, Altius Minerals's highest Days Payable was 36476.83. The lowest was 60.37. And the median was 89.05.

ATUSF's Days Payable is ranked worse than
60.85% of 1065 companies
in the Metals & Mining industry
Industry Median: 128.84 vs ATUSF: 75.12

Altius Minerals's Days Payable increased from Dec. 2022 (69.04) to Dec. 2023 (102.04). It may suggest that Altius Minerals delayed paying its suppliers.

Altius Minerals Days Payable Historical Data

The historical data trend for Altius Minerals'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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Altius Minerals Days Payable Chart

Altius Minerals Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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116.58

103.48

81.59

73.10

83.31

Altius Minerals 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															69.04	72.08	53.72	74.91	102.04

Competitive Comparison of Altius Minerals's Days Payable

For the Other Industrial Metals & Mining subindustry, Altius Minerals'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.

Altius Minerals's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Altius Minerals's Days Payable falls into.

Altius Minerals 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.

Altius Minerals'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
=	( (4.153	+	3.097)	/	2 )	/	15.882	*	365
=	3.625					/	15.882	*	365
=	83.31

Altius Minerals'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
=	( (3.42	+	3.097)	/	2 )	/	2.914	*	365 / 4
=	3.2585					/	2.914	*	365 / 4
=	102.04

Altius Minerals Days Payable Related Terms

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Altius Minerals (Altius Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Altius Minerals Corp (OTCPK:ATUSF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VTM:Germany ALS:Canada

Address

38 Duffy Place, 2nd Floor, St. John's, NL, CAN, A1B 4M5

Website

https://www.altiusminerals.com

Altius Minerals Corp is engaged in the business of obtaining diversified mining royalty. It holds interests in mining operations that produce metals and minerals such as copper, zinc, nickel, cobalt, gold, silver, and potash. The corporation also holds other pre-development stage royalty interests and various earlier stage royalties. It is engaged in the operating segments of Mineral Royalties, Renewable Royalties and Project Generation.