DMIFF (Diamcor Mining) Days Payable: 590.61 (As of Dec. 2024)

What is Diamcor Mining Days Payable?

Diamcor Mining DMIFF 18 Days Payable is 590.61 as of Dec. 2024. GuruFocus rates DMIFF with a GF Score™ of 18/100.

Diamcor Mining's average Accounts Payable for the three months ended in Dec. 2024 was $1.06 Mil. Diamcor Mining's Cost of Goods Sold for the three months ended in Dec. 2024 was $0.16 Mil. Hence, Diamcor Mining's Days Payable for the three months ended in Dec. 2024 was 590.61.

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

DMIFF's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 126.885
* Ranked among companies with meaningful Days Payable only.

Diamcor Mining's Days Payable increased from Dec. 2023 (227.48) to Dec. 2024 (590.61). It may suggest that Diamcor Mining delayed paying its suppliers.

Diamcor Mining Days Payable Related Terms

Diamcor Mining Days Payable Historical Data

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The historical data trend for Diamcor Mining'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.

Diamcor Mining Days Payable Chart

Diamcor Mining Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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114.44

207.37

76.16

95.63

138.42

Diamcor Mining Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															227.48	414.64	553.87	531.97	590.61

DMIFF vs AUMN, HL: Days Payable Comparison

For the Other Precious Metals & Mining subindustry, Diamcor Mining'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.

Diamcor Mining Days Payable vs Metals & Mining Industry

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

* The bar in red indicates where Diamcor Mining's Days Payable falls into.

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Diamcor Mining Inc DMIFF

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Diamcor Mining 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.

Diamcor Mining's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (0.42	+	1.012)	/	2 )	/	1.888	*	365
=	0.716					/	1.888	*	365
=	138.42

Diamcor Mining's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (1.005	+	1.105)	/	2 )	/	0.163	*	365 / 4
=	1.055					/	0.163	*	365 / 4
=	590.61

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 590.61 mean?

Diamcor Mining (DMIFF) has a Days Payable of 590.61 as of Dec. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Diamcor Mining and its competitors.

Is Diamcor Mining's Days Payable too high?

Diamcor Mining's current Days Payable is 590.61. The Metals & Mining industry median Days Payable is 126.89. Diamcor Mining's value of 590.61 is 365.5% above this industry median. Overall, Diamcor Mining has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.

How does Diamcor Mining's Days Payable compare to AUMN and HL?

Diamcor Mining's Days Payable of 590.61 can be compared against companies in the Metals & Mining industry. The industry median Days Payable is 126.89. Diamcor Mining's value of 590.61 is 365.5% above this benchmark. 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 Metals & Mining company?

The median Days Payable among Metals & Mining companies is 126.89, based on 1,064 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. Diamcor Mining's current Days Payable of 590.61 is 365.5% above the industry median. 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 Diamcor Mining and its competitors. For the Metals & Mining industry, the median Days Payable is 126.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Diamcor Mining's current Days Payable is 590.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Diamcor Mining stock overvalued right now?

Diamcor Mining (DMIFF) has a current Days Payable of 590.61. The current Days Payable is 590.61 and 365.5% above the Metals & Mining industry median of 126.89. Diamcor Mining's overall GF Score™ is 18/100. 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 Diamcor Mining (DMIFF), the current Days Payable is 590.61 as of Dec. 2024. 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.

Diamcor Mining Business Description

Industry Basic Materials Metals & Mining

Comparable Companies AUMN LSE:FRES ISX:AMMN JSE:VAL JSE:IMP HL JSE:SSW SZSE:000975 TSX:CGG JSE:NPH TSX:TFPM TSX:GMIN LIM:BUENAVC1 TSXV:ARTG ISX:MBMA TSX:PPTA LIM:PODERC1 SHSE:600459 SAU:1322 SZSE:000506

Address 1620 Dickson Avenue, Suite 630, Kelowna, BC, CAN, V1Y 9Y2

Website https://www.diamcormining.com

Diamcor Mining Inc is a mining and exploration company. It is engaged in the identification, acquisition, exploration, evaluation, operation, and advancement of diamond-based resource properties with a specific focus on the mining segment of the diamond industry through its subsidiaries. Some of its projects include the Krone-Endora at Venetia project. Geographically, it operates in Canada and South Africa.

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