United Lithium (XCNQ:ULTH) Days Payable : 1,368.75 (As of Oct. 2023)

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What is United Lithium Days Payable?

United Lithium's average Accounts Payable for the three months ended in Oct. 2023 was C$0.24 Mil. United Lithium's Cost of Goods Sold for the three months ended in Oct. 2023 was C$0.02 Mil. Hence, United Lithium's Days Payable for the three months ended in Oct. 2023 was 1,368.75.

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

XCNQ:ULTH' s Days Payable Range Over the Past 10 Years
Min: 3629.86 Med: 45539.46 Max: 85318.75
Current: 3629.86

During the past 7 years, United Lithium's highest Days Payable was 85318.75. The lowest was 3629.86. And the median was 45539.46.

XCNQ:ULTH's Days Payable is ranked better than
78.97% of 1065 companies
in the Metals & Mining industry
Industry Median: 129.97 vs XCNQ:ULTH: 3629.86

United Lithium's Days Payable declined from Oct. 2022 (16,356.56) to Oct. 2023 (1,368.75). It may suggest that United Lithium accelerated paying its suppliers.

United Lithium Days Payable Historical Data

The historical data trend for United Lithium'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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United Lithium Days Payable Chart

United Lithium Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Days Payable

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85,318.75

5,760.16

United Lithium 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															16,356.56	-	-	1,410.87	1,368.75

Competitive Comparison of United Lithium's Days Payable

For the Other Industrial Metals & Mining subindustry, United Lithium'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.

United Lithium's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where United Lithium's Days Payable falls into.

United Lithium 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.

United Lithium's Days Payable for the fiscal year that ended in Jul. 2023 is calculated as

	Days Payable (A: Jul. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jul. 2022 )	+	Accounts Payable (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (0.38	+	0.125)	/	2 )	/	0.016	*	365
=	0.2525					/	0.016	*	365
=	5,760.16

United Lithium'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
=	( (0.125	+	0.355)	/	2 )	/	0.016	*	365 / 4
=	0.24					/	0.016	*	365 / 4
=	1,368.75

United Lithium Days Payable Related Terms

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United Lithium (XCNQ:ULTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » United Lithium Corp (XCNQ:ULTH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ULTHF:USA 0UL:Germany

Address

1030 West Georgia Street, Suite 710, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.unitedlithiumcorp.com

United Lithium Corp is engaged in the acquisition and exploration of mineral properties. It holds an interest in the Bergby Lithium Project located in Sweden, the Liberty Lithium Project, Patriot Lithium Project and Freedom Lithium Project located in USA and the Kietyonmaki Lithium Project located in Finland.

United Lithium (XCNQ:ULTH) Headlines

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