Avarone Metals (Avarone Metals) Days Payable : 110.80 (As of Jan. 2024)

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What is Avarone Metals Days Payable?

Avarone Metals's average Accounts Payable for the three months ended in Jan. 2024 was $0.02 Mil. Avarone Metals's Cost of Goods Sold for the three months ended in Jan. 2024 was $0.01 Mil. Hence, Avarone Metals's Days Payable for the three months ended in Jan. 2024 was 110.80.

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

AVRTF' s Days Payable Range Over the Past 10 Years
Min: 106.05 Med: 129.58 Max: 16060
Current: 119.11

During the past 13 years, Avarone Metals's highest Days Payable was 16060.00. The lowest was 106.05. And the median was 129.58.

AVRTF's Days Payable is ranked worse than
51.12% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs AVRTF: 119.11

Avarone Metals's Days Payable declined from Jan. 2023 (112.54) to Jan. 2024 (110.80). It may suggest that Avarone Metals accelerated paying its suppliers.

Avarone Metals Days Payable Historical Data

The historical data trend for Avarone 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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Avarone Metals Days Payable Chart

Avarone Metals Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Days Payable

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129.86

105.17

137.81

120.64

Avarone Metals Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															112.54	123.84	127.10	117.32	110.80

Competitive Comparison of Avarone Metals's Days Payable

For the Other Industrial Metals & Mining subindustry, Avarone 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.

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

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

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

Avarone 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.

Avarone Metals'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
=	( (0.019	+	0.02)	/	2 )	/	0.059	*	365
=	0.0195					/	0.059	*	365
=	120.64

Avarone Metals's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (0.016	+	0.018)	/	2 )	/	0.014	*	365 / 4
=	0.017					/	0.014	*	365 / 4
=	110.80

Avarone Metals Days Payable Related Terms

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Avarone Metals (Avarone Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avarone Metals Inc (OTCPK:AVRTF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

W2U1:Germany AVM.X:Canada

Address

700 West Pender Street, Suite 610, Vancouver, BC, CAN, V6C 1G8

Website

http://www.avarone.com

Avarone Metals Inc is an exploration stage company. It is engaged in the acquisition, exploration, and development of mineral properties. The company operates in one segment.

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