Avalon Advanced Materials (Avalon Advanced Materials) Days Payable : 1,235.21 (As of Nov. 2023)

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What is Avalon Advanced Materials Days Payable?

Avalon Advanced Materials's average Accounts Payable for the three months ended in Nov. 2023 was $0.56 Mil. Avalon Advanced Materials's Cost of Goods Sold for the three months ended in Nov. 2023 was $0.04 Mil. Hence, Avalon Advanced Materials's Days Payable for the three months ended in Nov. 2023 was 1,235.21.

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

AVLNF' s Days Payable Range Over the Past 10 Years
Min: 341.49 Med: 4049.88 Max: 7549.74
Current: 1066.92

During the past 13 years, Avalon Advanced Materials's highest Days Payable was 7549.74. The lowest was 341.49. And the median was 4049.88.

AVLNF's Days Payable is ranked better than
68.7% of 1067 companies
in the Metals & Mining industry
Industry Median: 128.84 vs AVLNF: 1066.92

Avalon Advanced Materials's Days Payable increased from May. 2022 (320.85) to Nov. 2023 (1,235.21). It may suggest that Avalon Advanced Materials delayed paying its suppliers.

Avalon Advanced Materials Days Payable Historical Data

The historical data trend for Avalon 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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Avalon Advanced Materials Days Payable Chart

Avalon Advanced Materials Annual Data

Trend

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Days Payable

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3,180.71

7,458.17

4,687.97

341.26

466.39

Avalon Advanced Materials Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Nov22	Feb23	May23	Nov23
Days Payable	Get a 7-Day Free Trial															320.85	331.32	363.94	652.10	1,235.21

Competitive Comparison of Avalon Advanced Materials's Days Payable

For the Other Industrial Metals & Mining subindustry, Avalon 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.

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

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

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

Avalon 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.

Avalon Advanced Materials's Days Payable for the fiscal year that ended in Aug. 2021 is calculated as

	Days Payable (A: Aug. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2020 )	+	Accounts Payable (A: Aug. 2021 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2021 )	*	Days in Period
=	( (0.116	+	0.114)	/	2 )	/	0.09	*	365
=	0.115					/	0.09	*	365
=	466.39

Avalon Advanced Materials'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: May. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (0.439	+	0.671)	/	2 )	/	0.041	*	365 / 4
=	0.555					/	0.041	*	365 / 4
=	1,235.21

Avalon Advanced Materials Days Payable Related Terms

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Avalon Advanced Materials (Avalon Advanced Materials) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avalon Advanced Materials Inc (OTCPK:AVLNF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

OU5A:Germany AVL:Canada

Address

130 Adelaide Street West, Suite 1901, Toronto, ON, CAN, M5H 3P5

Website

https://www.avalonadvancedmaterials.com

Avalon Advanced Materials Inc is a mineral exploration and development company. The projects of the company includes East Kemptville, Lilypad, Nechalacho, Separation Rapids, and Warren Township.