Comet Industries (TSXV:CMU) Days Payable : 0.00 (As of Oct. 2023)

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What is Comet Industries Days Payable?

Comet Industries's average Accounts Payable for the three months ended in Oct. 2023 was C$0.00 Mil. Comet Industries's Cost of Goods Sold for the three months ended in Oct. 2023 was C$0.03 Mil. Hence, Comet Industries's Days Payable for the three months ended in Oct. 2023 was 0.00.

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

During the past 13 years, Comet Industries's highest Days Payable was 839.05. The lowest was 601.93. And the median was 830.45.

TSXV:CMU's Days Payable is not ranked ^*
in the Real Estate industry.
Industry Median: 96.765
* Ranked among companies with meaningful Days Payable only.

Comet Industries's Days Payable stayed the same from Oct. 2022 (0.00) to Oct. 2023 (0.00). stayed the same

Comet Industries Days Payable Historical Data

The historical data trend for Comet Industries'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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Comet Industries Days Payable Chart

Comet Industries Annual Data

Trend

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Days Payable

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Comet Industries Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Days Payable	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Comet Industries's Days Payable

For the Real Estate Services subindustry, Comet Industries'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.

Comet Industries's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Comet Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Comet Industries's Days Payable falls into.

Comet Industries 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.

Comet Industries's Days Payable for the fiscal year that ended in Jan. 2023 is calculated as

	Days Payable (A: Jan. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2022 )	+	Accounts Payable (A: Jan. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.144	*	365
=	0					/	0.144	*	365
=	0.00

Comet Industries's Days Payable for the quarter that ended in Oct. 2023 is calculated as:

	Days Payable (Q: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2023 )	+	Accounts Payable (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.028	*	365 / 4
=	0					/	0.028	*	365 / 4
=	0.00

Comet Industries Days Payable Related Terms

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Comet Industries (TSXV:CMU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Comet Industries Ltd (TSXV:CMU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

1177 West Hastings Street, Suite 1610, Vancouver, BC, CAN, V6E 2K3

Website

Comet Industries Ltd is an exploration-stage company. Principally, it is engaged in the business of acquiring and holding mineral properties, and holding and managing real properties, in British Columbia. The company owns unimproved land in Kamloops, Terrace, Pender Harbor and a rental property in Vancouver, British Columbia on a freehold basis. Its segment includes Rental, Exploration, and General or administration. The company generates maximum revenue from the Rental segment. It owns an interest in the big onion zone on the iron mask property, which consists of approximately five crown granted mineral claims.