Eloro Resources (Eloro Resources) Days Payable : 12,649.53 (As of Dec. 2023)

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What is Eloro Resources Days Payable?

Eloro Resources's average Accounts Payable for the three months ended in Dec. 2023 was $1.11 Mil. Eloro Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.01 Mil. Hence, Eloro Resources's Days Payable for the three months ended in Dec. 2023 was 12,649.53.

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

ELRRF' s Days Payable Range Over the Past 10 Years
Min: 3369.88 Med: 9774.36 Max: 12351.93
Current: 12351.93

During the past 13 years, Eloro Resources's highest Days Payable was 12351.93. The lowest was 3369.88. And the median was 9774.36.

ELRRF's Days Payable is ranked better than
89.77% of 1065 companies
in the Metals & Mining industry
Industry Median: 128.84 vs ELRRF: 12351.93

Eloro Resources's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (12,649.53). It may suggest that Eloro Resources delayed paying its suppliers.

Eloro Resources Days Payable Historical Data

The historical data trend for Eloro 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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Eloro Resources Days Payable Chart

Eloro Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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3,414.52

8,400.37

11,051.99

11,674.30

Eloro Resources 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															-	14,155.16	12,524.06	11,771.25	12,649.53

Competitive Comparison of Eloro Resources's Days Payable

For the Gold subindustry, Eloro 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.

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

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

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

Eloro 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.

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

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.806	+	1.241)	/	2 )	/	0.032	*	365
=	1.0235					/	0.032	*	365
=	11,674.30

Eloro 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.109	+	0)	/	1 )	/	0.008	*	365 / 4
=	1.109					/	0.008	*	365 / 4
=	12,649.53

Eloro Resources Days Payable Related Terms

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Eloro Resources (Eloro Resources) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

P2QM:Germany ELO:Canada

Address

20 Adelaide Street East, Suite 200, Toronto, ON, CAN, M5C 2T6

Website

https://elororesources.com

Eloro Resources Ltd is an exploration and mine development company with a portfolio of gold-silver property in Peru, a polymetallic property in Bolivia, and base metal properties in Quebec. The company has an option to acquire a 99% interest in the Iska Iska Property, located in southern Bolivia, and owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru. It has one reportable segment being mineral exploration.