Minto Metals (TSXV:MNTO) Days Payable : 58.58 (As of Dec. 2022)

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What is Minto Metals Days Payable?

Minto Metals's average Accounts Payable for the three months ended in Dec. 2022 was C$26.3 Mil. Minto Metals's Cost of Goods Sold for the three months ended in Dec. 2022 was C$41.0 Mil. Hence, Minto Metals's Days Payable for the three months ended in Dec. 2022 was 58.58.

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

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

Minto Metals's Days Payable increased from Dec. 2021 (27.61) to Dec. 2022 (58.58). It may suggest that Minto Metals delayed paying its suppliers.

Minto Metals Days Payable Historical Data

The historical data trend for Minto Metals'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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Minto Metals Days Payable Chart

Minto Metals Annual Data

Trend

Dec20

Dec21

Dec22

Days Payable

82.19

62.85

62.14

Minto Metals Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Days Payable	Get a 7-Day Free Trial				27.61	76.95	70.03	44.27	58.58

Competitive Comparison of Minto Metals's Days Payable

For the Copper subindustry, Minto Metals'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.

Minto Metals's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Minto Metals's Days Payable falls into.

Minto Metals 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.

Minto Metals's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (22.538	+	29.746)	/	2 )	/	153.559	*	365
=	26.142					/	153.559	*	365
=	62.14

Minto Metals's Days Payable for the quarter that ended in Dec. 2022 is calculated as:

	Days Payable (Q: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2022 )	+	Accounts Payable (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (22.919	+	29.746)	/	2 )	/	41.015	*	365 / 4
=	26.3325					/	41.015	*	365 / 4
=	58.58

Minto Metals Days Payable Related Terms

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Minto Metals (TSXV:MNTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minto Metals Corp (TSXV:MNTO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

61 Wasson Place, Whitehorse, YT, CAN, Y1A 0H7

Website

https://www.mintometals.com

Minto Metals Corp operates in the mining industry. The company's current mine operations are based on underground mining, a process plant to produce high-grade copper, gold and silver concentrate. The group is performing its mining and milling activities from the Copper Keel ore body. It has one segment for reporting which is the operations at the Company's Canadian Mine location.

Minto Metals (TSXV:MNTO) Headlines

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