Elemental Altus Royalties (TSXV:ELE) Days Payable : 7.57 (As of Dec. 2023)

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What is Elemental Altus Royalties Days Payable?

Elemental Altus Royalties's average Accounts Payable for the three months ended in Dec. 2023 was C$0.22 Mil. Elemental Altus Royalties's Cost of Goods Sold for the three months ended in Dec. 2023 was C$2.63 Mil. Hence, Elemental Altus Royalties's Days Payable for the three months ended in Dec. 2023 was 7.57.

The historical rank and industry rank for Elemental Altus Royalties's Days Payable or its related term are showing as below:

TSXV:ELE' s Days Payable Range Over the Past 10 Years
Min: 26.6 Med: 47.86 Max: 51.36
Current: 26.6

During the past 5 years, Elemental Altus Royalties's highest Days Payable was 51.36. The lowest was 26.60. And the median was 47.86.

TSXV:ELE's Days Payable is ranked worse than
87.51% of 1065 companies
in the Metals & Mining industry
Industry Median: 130.91 vs TSXV:ELE: 26.60

Elemental Altus Royalties's Days Payable declined from Dec. 2022 (70.85) to Dec. 2023 (7.57). It may suggest that Elemental Altus Royalties accelerated paying its suppliers.

Elemental Altus Royalties Days Payable Historical Data

The historical data trend for Elemental Altus Royalties'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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Elemental Altus Royalties Days Payable Chart

Elemental Altus Royalties Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

47.86

51.36

33.21

Elemental Altus Royalties Quarterly Data
	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														70.85	38.37	27.76	27.87	7.57

Competitive Comparison of Elemental Altus Royalties's Days Payable

For the Gold subindustry, Elemental Altus Royalties'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.

Elemental Altus Royalties's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Elemental Altus Royalties's Days Payable falls into.

Elemental Altus Royalties 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.

Elemental Altus Royalties'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
=	( (1.584	+	0.101)	/	2 )	/	9.259	*	365
=	0.8425					/	9.259	*	365
=	33.21

Elemental Altus Royalties'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
=	( (0.336	+	0.101)	/	2 )	/	2.634	*	365 / 4
=	0.2185					/	2.634	*	365 / 4
=	7.57

Elemental Altus Royalties Days Payable Related Terms

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Elemental Altus Royalties (TSXV:ELE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Elemental Altus Royalties Corp (TSXV:ELE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ELEMF:USA T8S:Germany

Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

https://www.elementalaltus.com

Elemental Altus Royalties Corp is a mining royalty company. Its asset portfolio includes Wahgnion, Kwale, MT Pleasant, Panton Sill, and Amancaya among others.

Elemental Altus Royalties (TSXV:ELE) Headlines

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