Rackla Metals (Rackla Metals) Days Payable

: 10,220.00 (As of Sep. 2023)

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Rackla Metals's average Accounts Payable for the three months ended in Sep. 2023 was $0.45 Mil. Rackla Metals's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.00 Mil. Hence, Rackla Metals's Days Payable for the three months ended in Sep. 2023 was 10,220.00.

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

RMETF' s Days Payable Range Over the Past 10 Years
Min: 19.75 Med: 3193.75 Max: 11817.89
Current: 11817.89

During the past 12 years, Rackla Metals's highest Days Payable was 11817.89. The lowest was 19.75. And the median was 3193.75.

RMETF's Days Payable is ranked better than
89.38% of 1064 companies
in the Metals & Mining industry
Industry Median: 128.935 vs RMETF: 11817.89

Rackla Metals's Days Payable increased from Sep. 2022 (0.00) to Sep. 2023 (10,220.00). It may suggest that Rackla Metals delayed paying its suppliers.

Rackla Metals Days Payable Historical Data

The historical data trend for Rackla Metals'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.

Rackla Metals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

4,745.00

3,923.75

Rackla Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable																-	-	-	4,897.08	10,220.00

Competitive Comparison

For the Gold subindustry, Rackla Metals'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.

Rackla Metals Days Payable Distribution

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

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

Rackla Metals 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.

Rackla Metals'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
=	( (0.055	+	0.093)	/	2 )	/	0	*	365
=	0.074					/	0	*	365
=	N/A

Rackla Metals'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
=	( (0.269	+	0.627)	/	2 )	/	0.004	*	365 / 4
=	0.448					/	0.004	*	365 / 4
=	10,220.00

Rackla Metals Days Payable Related Terms

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Rackla Metals (Rackla Metals) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

RAK:Canada

Address

200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6

Website

https://www.racklametals.com

Rackla Metals Inc is a Canada-based mineral exploration company engaged in the acquisition and exploration and evaluation activities. All of the company's operations are in Canada. It has an interest in the Rivier Property located in the Yukon Territory, Canada. Other projects include Tombstone Gold Belt Projects, Expo Property and Misisi Gold Project.

Rackla Metals (Rackla Metals) Headlines

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