Vanadiumcorp Resource (Vanadiumcorp Resource) Days Payable : 1,541.11 (As of Jan. 2024)

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What is Vanadiumcorp Resource Days Payable?

Vanadiumcorp Resource's average Accounts Payable for the three months ended in Jan. 2024 was $0.15 Mil. Vanadiumcorp Resource's Cost of Goods Sold for the three months ended in Jan. 2024 was $0.01 Mil. Hence, Vanadiumcorp Resource's Days Payable for the three months ended in Jan. 2024 was 1,541.11.

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

VRBFF' s Days Payable Range Over the Past 10 Years
Min: 1849.75 Med: 9806.12 Max: 68072.5
Current: 2034.68

During the past 13 years, Vanadiumcorp Resource's highest Days Payable was 68072.50. The lowest was 1849.75. And the median was 9806.12.

VRBFF's Days Payable is ranked better than
73.8% of 1065 companies
in the Metals & Mining industry
Industry Median: 128.84 vs VRBFF: 2034.68

Vanadiumcorp Resource's Days Payable declined from Jan. 2023 (25,367.50) to Jan. 2024 (1,541.11). It may suggest that Vanadiumcorp Resource accelerated paying its suppliers.

Vanadiumcorp Resource Days Payable Historical Data

The historical data trend for Vanadiumcorp Resource'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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Vanadiumcorp Resource Days Payable Chart

Vanadiumcorp Resource Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Payable

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21,827.00

2,425.73

1,817.23

19,418.00

3,595.93

Vanadiumcorp Resource Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															25,367.50	26,416.88	17,702.50	652.06	1,541.11

Competitive Comparison of Vanadiumcorp Resource's Days Payable

For the Other Industrial Metals & Mining subindustry, Vanadiumcorp Resource'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.

Vanadiumcorp Resource's Days Payable Distribution in the Metals & Mining Industry

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

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

Vanadiumcorp Resource 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.

Vanadiumcorp Resource's Days Payable for the fiscal year that ended in Oct. 2023 is calculated as

	Days Payable (A: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Oct. 2022 )	+	Accounts Payable (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (0.277	+	0.255)	/	2 )	/	0.027	*	365
=	0.266					/	0.027	*	365
=	3,595.93

Vanadiumcorp Resource's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (0.255	+	0.049)	/	2 )	/	0.009	*	365 / 4
=	0.152					/	0.009	*	365 / 4
=	1,541.11

Vanadiumcorp Resource Days Payable Related Terms

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Vanadiumcorp Resource (Vanadiumcorp Resource) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vanadiumcorp Resource Inc (OTCPK:VRBFF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NWNA:Germany VRB:Canada

Address

303-5455 West Boulevard, Vancouver, BC, CAN, V6M 3W5

Website

https://www.vanadiumcorp.com

Vanadiumcorp Resource Inc is engaged in the exploration and development of mineral properties in Canada. It is also involved in the development of vanadium redox flow battery technology in Germany. The company's primary focus is on the Lac Dore and Iron-T Properties in Quebec which is prospective for vanadium, titanium, and iron.