ADMG (Adamant DRI Processing and Minerals Group) Days Payable: 0.00 (As of Sep. 2023)

What is Adamant DRI Processing and Minerals Group Days Payable?

Adamant DRI Processing and Minerals Group ADMG 20 Days Payable is 0.00 as of Sep. 2023. GuruFocus rates ADMG with a GF Score™ of 20/100.

Adamant DRI Processing and Minerals Group's average Accounts Payable for the three months ended in Sep. 2023 was $0.00 Mil. Adamant DRI Processing and Minerals Group's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.00 Mil.

The historical rank and industry rank for Adamant DRI Processing and Minerals Group's Days Payable or its related term are showing as below:

ADMG's Days Payable is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 71.76
* Ranked among companies with meaningful Days Payable only.

Adamant DRI Processing and Minerals Group's Days Payable stayed the same from Sep. 2022 (0.00) to Sep. 2023 (0.00). stayed the same

Adamant DRI Processing and Minerals Group Days Payable Related Terms

Adamant DRI Processing and Minerals Group Days Payable Historical Data

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The historical data trend for Adamant DRI Processing and Minerals Group'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.

Adamant DRI Processing and Minerals Group Days Payable Chart

Adamant DRI Processing and Minerals Group Annual Data

Trend

Dec12

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Dec22

Days Payable

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0.00

21,212.94

0.00

Adamant DRI Processing and Minerals Group Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

ADMG vs NFTN, FORW, BUUZ: Days Payable Comparison

For the Shell Companies subindustry, Adamant DRI Processing and Minerals Group'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.

Adamant DRI Processing and Minerals Group Days Payable vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Adamant DRI Processing and Minerals Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Adamant DRI Processing and Minerals Group's Days Payable falls into.

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20GF Score

Adamant DRI Processing and Minerals Group ADMG

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Adamant DRI Processing and Minerals Group 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.

Adamant DRI Processing and Minerals Group'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
=	( (0	+	0)	/	1 )	/	0	*	365
=	0					/	0	*	365
=	N/A

Adamant DRI Processing and Minerals Group's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365 / 4
=	0					/	0	*	365 / 4
=	N/A

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 0.00 mean?

Adamant DRI Processing and Minerals Group (ADMG) has a Days Payable of 0.00 as of Sep. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Adamant DRI Processing and Minerals Group and its competitors.

Is Adamant DRI Processing and Minerals Group's Days Payable too high?

Adamant DRI Processing and Minerals Group's current Days Payable is 0.00. Overall, Adamant DRI Processing and Minerals Group has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.

How does Adamant DRI Processing and Minerals Group's Days Payable compare to NFTN and FORW?

Adamant DRI Processing and Minerals Group's Days Payable of 0.00 can be compared against companies in the Diversified Financial Services industry. The industry median Days Payable is 71.76. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Days Payable for a Diversified Financial Services company?

The median Days Payable among Diversified Financial Services companies is 71.76, based on 82 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Days Payable mean?

A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Adamant DRI Processing and Minerals Group and its competitors. For the Diversified Financial Services industry, the median Days Payable is 71.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adamant DRI Processing and Minerals Group's current Days Payable is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Adamant DRI Processing and Minerals Group stock overvalued right now?

Adamant DRI Processing and Minerals Group (ADMG) has a current Days Payable of 0.00. The current Days Payable is 0.00. Adamant DRI Processing and Minerals Group's overall GF Score™ is 20/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Days Payable calculated?

Days Payable is calculated from a company's financial statements. For Adamant DRI Processing and Minerals Group (ADMG), the current Days Payable is 0.00 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Adamant DRI Processing and Minerals Group Business Description

Industry Financial Services Diversified Financial Services

Comparable Companies NFTN FORW BUUZ STLY HNRA XITO BLYQ LOGQ TCRI BRLI PBAJ BOM:543385 SCRM CVII SVMB GHIX AACT DWAC SAGA LSE:ADMR

Address Clonmullen, Co Wexford, Bunclody, COL, WX Y21X9C8

Website https://www.adamantglobalcapital.com

Adamant DRI Processing and Minerals Group is a shell company.

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