Irving Resources (XCNQ:IRV) Days Payable : 0.00 (As of Nov. 2023)

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What is Irving Resources Days Payable?

Irving Resources's average Accounts Payable for the three months ended in Nov. 2023 was C$0.00 Mil. Irving Resources's Cost of Goods Sold for the three months ended in Nov. 2023 was C$0.04 Mil. Hence, Irving Resources's Days Payable for the three months ended in Nov. 2023 was 0.00.

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

XCNQ:IRV' s Days Payable Range Over the Past 10 Years
Min: 650.27 Med: 2770.99 Max: 8111.81
Current: 650.27

During the past 8 years, Irving Resources's highest Days Payable was 8111.81. The lowest was 650.27. And the median was 2770.99.

XCNQ:IRV's Days Payable is ranked better than
64.57% of 1067 companies
in the Metals & Mining industry
Industry Median: 128.35 vs XCNQ:IRV: 650.27

Irving Resources's Days Payable stayed the same from Nov. 2022 (0.00) to Nov. 2023 (0.00). stayed the same

Irving Resources Days Payable Historical Data

The historical data trend for Irving Resources'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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Irving Resources Days Payable Chart

Irving Resources Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Payable

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8,111.81

3,328.61

2,213.36

930.08

Irving Resources Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Payable	Get a 7-Day Free Trial															-	403.48	881.28	-	-

Competitive Comparison of Irving Resources's Days Payable

For the Gold subindustry, Irving Resources'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.

Irving Resources's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Irving Resources's Days Payable falls into.

Irving Resources 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.

Irving Resources's Days Payable for the fiscal year that ended in Feb. 2023 is calculated as

	Days Payable (A: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2022 )	+	Accounts Payable (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (0.744	+	0.367)	/	2 )	/	0.218	*	365
=	0.5555					/	0.218	*	365
=	930.08

Irving Resources's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.044	*	365 / 4
=	0					/	0.044	*	365 / 4
=	0.00

Irving Resources Days Payable Related Terms

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Irving Resources (XCNQ:IRV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Irving Resources Inc (XCNQ:IRV) » Definitions » Days Payable

Comparable Companies

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IRVRF:USA

Address

999 Canada Place, Suite 404, Vancouver, BC, CAN, V6C 3E2

Website

https://www.irvresources.com

Irving Resources Inc is a Canadian-based mineral exploration company with precious metal projects in Japan and joint venture interests with Japan Oil, Gas and Metals National Corporation (JOGMEC) in a rare earth element project in Africa and Canada. Its projects include Omu Project, Yamagano Project and Others.

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