Meridian Mining UK Societas (TSX:MNO) Days Payable : 1,956.88 (As of Dec. 2023)

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What is Meridian Mining UK Societas Days Payable?

Meridian Mining UK Societas's average Accounts Payable for the three months ended in Dec. 2023 was C$1.37 Mil. Meridian Mining UK Societas's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.06 Mil. Hence, Meridian Mining UK Societas's Days Payable for the three months ended in Dec. 2023 was 1,956.88.

The historical rank and industry rank for Meridian Mining UK Societas's Days Payable or its related term are showing as below:

TSX:MNO' s Days Payable Range Over the Past 10 Years
Min: 44.45 Med: 175.12 Max: 3742.75
Current: 1933.41

During the past 13 years, Meridian Mining UK Societas's highest Days Payable was 3742.75. The lowest was 44.45. And the median was 175.12.

TSX:MNO's Days Payable is ranked better than
72.86% of 1065 companies
in the Metals & Mining industry
Industry Median: 129.97 vs TSX:MNO: 1933.41

Meridian Mining UK Societas's Days Payable increased from Dec. 2022 (1,805.70) to Dec. 2023 (1,956.88). It may suggest that Meridian Mining UK Societas delayed paying its suppliers.

Meridian Mining UK Societas Days Payable Historical Data

The historical data trend for Meridian Mining UK Societas'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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Meridian Mining UK Societas Days Payable Chart

Meridian Mining UK Societas Annual Data

Trend

Jan14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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44.66

592.91

3,742.75

1,964.14

1,811.02

Meridian Mining UK Societas 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															1,805.70	2,002.33	1,886.92	2,008.24	1,956.88

Competitive Comparison of Meridian Mining UK Societas's Days Payable

For the Other Industrial Metals & Mining subindustry, Meridian Mining UK Societas'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.

Meridian Mining UK Societas's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Meridian Mining UK Societas's Days Payable falls into.

Meridian Mining UK Societas 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.

Meridian Mining UK Societas's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1.163	+	1.169)	/	2 )	/	0.235	*	365
=	1.166					/	0.235	*	365
=	1,811.02

Meridian Mining UK Societas'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
=	( (1.576	+	1.169)	/	2 )	/	0.064	*	365 / 4
=	1.3725					/	0.064	*	365 / 4
=	1,956.88

Meridian Mining UK Societas Days Payable Related Terms

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Meridian Mining UK Societas (TSX:MNO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Meridian Mining UK Societas (TSX:MNO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MRRDF:USA N2E:Germany

Address

65 Gresham Street, 6th Floor, London, GBR, EC2V 7NQ

Website

https://www.meridianmining.co

Meridian Mining UK Societas along with its subsidiaries engages in the acquisition, exploration, development, and mining activities in Brazil. It focuses on exploring and developing the Espigao manganese project, the Ariquemes tin JV area, and adjacent areas in the state of Rondonia. It also undertakes the Cabacal Project, Mato Grosso.

Meridian Mining UK Societas (TSX:MNO) Headlines

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