AXMIN (AXMIF) Days Payable : 3,757.84 (As of Sep. 2023)

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What is AXMIN Days Payable?

AXMIN's average Accounts Payable for the three months ended in Sep. 2023 was $0.45 Mil. AXMIN's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.01 Mil. Hence, AXMIN's Days Payable for the three months ended in Sep. 2023 was 3,757.84.

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

AXMIF' s Days Payable Range Over the Past 10 Years
Min: 1891.63 Med: 2082.86 Max: 3325.56
Current: 2898.97

During the past 13 years, AXMIN's highest Days Payable was 3325.56. The lowest was 1891.63. And the median was 2082.86.

AXMIF's Days Payable is ranked better than
76.9% of 1065 companies
in the Metals & Mining industry
Industry Median: 129.97 vs AXMIF: 2898.97

AXMIN's Days Payable increased from Sep. 2022 (2,148.94) to Sep. 2023 (3,757.84). It may suggest that AXMIN delayed paying its suppliers.

AXMIN Days Payable Historical Data

The historical data trend for AXMIN'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.

AXMIN Days Payable Chart

AXMIN Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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3,213.30

2,003.53

1,899.49

2,181.51

AXMIN Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															2,148.94	2,249.31	2,550.85	3,127.39	3,757.84

Competitive Comparison of AXMIN's Days Payable

For the Gold subindustry, AXMIN'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.

AXMIN's Days Payable Distribution in the Metals & Mining Industry

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

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

AXMIN 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.

AXMIN's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.238	+	0.276)	/	2 )	/	0.043	*	365
=	0.257					/	0.043	*	365
=	2,181.51

AXMIN's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.415	+	0.491)	/	2 )	/	0.011	*	365 / 4
=	0.453					/	0.011	*	365 / 4
=	3,757.84

AXMIN Days Payable Related Terms

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AXMIN (AXMIF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AXMIN Inc (OTCPK:AXMIF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AXM:Canada

Address

1111 Alberni Street, Suite 2209, Vancouver, BC, CAN, V6E 4V2

Website

http://www.axmininc.com

AXMIN Inc a development stage exploration company. It is engaged in the exploration of mineral properties in Central, East, and West Africa. The company explores gold. Its projects include the Passendro gold project, which is situated on a portion of the Bambari property in the Central African Republic; and the Senegal project located in the Birimian belt of eastern Senegal. It has one reportable operating segment being Mineral Exploration and Development.

AXMIN (AXMIF) Headlines

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