EMTRF (Element 29 Resources) Days Payable : 504.05 (As of Jun. 2024)

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What is Element 29 Resources Days Payable?

Element 29 Resources's average Accounts Payable for the three months ended in Jun. 2024 was $0.12 Mil. Element 29 Resources's Cost of Goods Sold for the three months ended in Jun. 2024 was $0.02 Mil. Hence, Element 29 Resources's Days Payable for the three months ended in Jun. 2024 was 504.05.

The historical rank and industry rank for Element 29 Resources's Days Payable or its related term are showing as below:

EMTRF' s Days Payable Range Over the Past 10 Years
Min: 939.77 Med: 11882.78 Max: 34748
Current: 939.77

During the past 5 years, Element 29 Resources's highest Days Payable was 34748.00. The lowest was 939.77. And the median was 11882.78.

EMTRF's Days Payable is ranked better than
66.1% of 1065 companies
in the Metals & Mining industry
Industry Median: 135.87 vs EMTRF: 939.77

Element 29 Resources's Days Payable increased from Jun. 2023 (0.00) to Jun. 2024 (504.05). It may suggest that Element 29 Resources delayed paying its suppliers.

Element 29 Resources Days Payable Historical Data

The historical data trend for Element 29 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.

* Premium members only.

Element 29 Resources Days Payable Chart

Element 29 Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

33,945.00

12,592.50

2,488.08

Element 29 Resources Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															-	-	1,290.54	2,345.13	504.05

Competitive Comparison of Element 29 Resources's Days Payable

For the Copper subindustry, Element 29 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.

Element 29 Resources's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Element 29 Resources's Days Payable distribution charts can be found below:

* The bar in red indicates where Element 29 Resources's Days Payable falls into.

Element 29 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.

Element 29 Resources's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.31	+	0.099)	/	2 )	/	0.03	*	365
=	0.2045					/	0.03	*	365
=	2,488.08

Element 29 Resources's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0.158	+	0.074)	/	2 )	/	0.021	*	365 / 4
=	0.116					/	0.021	*	365 / 4
=	504.05

Element 29 Resources Days Payable Related Terms

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Element 29 Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Element 29 Resources Inc (OTCPK:EMTRF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ECU:Canada

Address

1650 - 1066 West Hastings Street, Vancouver, BC, CAN, V6C3X1

Website

https://www.e29copper.com

Element 29 Resources Inc is a Canada-based mineral exploration company acquiring, exploring, and evaluating resource properties. Its projects include the Flor de Cobre and Elida copper projects, among others. It has one business segment, the exploration of mineral properties. The company's properties are located in Peru.

Element 29 Resources Headlines

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