Norandaome Fund (TSX:NIF.UN) Days Payable : 145.15 (As of Sep. 2022)

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What is Norandaome Fund Days Payable?

Norandaome Fund's average Accounts Payable for the three months ended in Sep. 2022 was C$310 Mil. Norandaome Fund's Cost of Goods Sold for the three months ended in Sep. 2022 was C$195 Mil. Hence, Norandaome Fund's Days Payable for the three months ended in Sep. 2022 was 145.15.

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

TSX:NIF.UN's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 128.84
* Ranked among companies with meaningful Days Payable only.

Norandaome Fund's Days Payable increased from Sep. 2021 (54.76) to Sep. 2022 (145.15). It may suggest that Norandaome Fund delayed paying its suppliers.

Norandaome Fund Days Payable Historical Data

The historical data trend for Norandaome Fund'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.

Norandaome Fund Days Payable Chart

Norandaome Fund Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

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81.31

44.48

51.27

61.20

65.99

Norandaome Fund Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Days Payable	Get a 7-Day Free Trial															54.76	58.64	81.63	101.94	145.15

Competitive Comparison of Norandaome Fund's Days Payable

For the Other Industrial Metals & Mining subindustry, Norandaome Fund'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.

Norandaome Fund's Days Payable Distribution in the Metals & Mining Industry

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

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

Norandaome Fund 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.

Norandaome Fund's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (138.894	+	238.936)	/	2 )	/	1044.949	*	365
=	188.915					/	1044.949	*	365
=	65.99

Norandaome Fund's Days Payable for the quarter that ended in Sep. 2022 is calculated as:

	Days Payable (Q: Sep. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2022 )	+	Accounts Payable (Q: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
=	( (352.881	+	266.366)	/	2 )	/	194.648	*	365 / 4
=	309.6235					/	194.648	*	365 / 4
=	145.15

Norandaome Fund Days Payable Related Terms

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Norandaome Fund (TSX:NIF.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Noranda Income Fund (TSX:NIF.UN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 King Street West, First Canadian Place, Suite 6900, P.O. Box 403, Toronto, ON, CAN, M5X 1E3

Website

https://www.norandaincomefund.com

Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.

Norandaome Fund (TSX:NIF.UN) Headlines

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