Minco Capital (TSXV:MMM) Days Payable

: 112.43 (As of Dec. 2023)

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Minco Capital's average Accounts Payable for the three months ended in Dec. 2023 was C$0.03 Mil. Minco Capital's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.03 Mil. Hence, Minco Capital's Days Payable for the three months ended in Dec. 2023 was 112.43.

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

TSXV:MMM' s Days Payable Range Over the Past 10 Years
Min: 54.48 Med: 261.97 Max: 1227.16
Current: 117.65

During the past 13 years, Minco Capital's highest Days Payable was 1227.16. The lowest was 54.48. And the median was 261.97.

TSXV:MMM's Days Payable is ranked better than
63.17% of 467 companies
in the Asset Management industry
Industry Median: 70.5 vs TSXV:MMM: 117.65

Minco Capital's Days Payable declined from Dec. 2022 (133.23) to Dec. 2023 (112.43). It may suggest that Minco Capital accelerated paying its suppliers.

Minco Capital Days Payable Historical Data

The historical data trend for Minco Capital'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.

Minco Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

54.48

74.26

251.15

272.79

160.82

Minco Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																133.23	128.73	96.95	87.28	112.43

Competitive Comparison

For the Asset Management subindustry, Minco Capital'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.

Minco Capital Days Payable Distribution

For the Asset Management industry and Financial Services sector, Minco Capital's Days Payable distribution charts can be found below:

* The bar in red indicates where Minco Capital's Days Payable falls into.

Minco Capital 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.

Minco Capital'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
=	( (0.046	+	0.043)	/	2 )	/	0.101	*	365
=	0.0445					/	0.101	*	365
=	160.82

Minco Capital'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
=	( (0.026	+	0.043)	/	2 )	/	0.028	*	365 / 4
=	0.0345					/	0.028	*	365 / 4
=	112.43

Minco Capital Days Payable Related Terms

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Minco Capital (TSXV:MMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Minco Capital Corp (TSXV:MMM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MGHCF:USA MI5:Germany

Address

No. 2060 - 1055 West Georgia Street, PO Box 11176, Vancouver, BC, CAN, V6E 3R5

Website

http://www.mincocapitalcorp.com

Minco Capital Corp is a Canadian company that is focused on utilizing its working capital position, industry contacts and internal expertise to identify, evaluate and invest in assets that have the capacity to generate returns and growth. The company invests in publicly traded and privately held corporations as well as taking indirect and direct ownership stakes in resource projects. Its types of investments may include common shares, preferred shares, warrants, royalties, convertible debentures, bridge loans, and other investment vehicles. It has one segment which is the acquisition and sale of investments in other companies.