Lake Winn Resources (Lake Winn Resources) Days Payable : 12,318.75 (As of Dec. 2023)

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What is Lake Winn Resources Days Payable?

Lake Winn Resources's average Accounts Payable for the three months ended in Dec. 2023 was $0.41 Mil. Lake Winn Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.00 Mil. Hence, Lake Winn Resources's Days Payable for the three months ended in Dec. 2023 was 12,318.75.

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

EQTXF' s Days Payable Range Over the Past 10 Years
Min: 329.41 Med: 2428.91 Max: 48910
Current: 36007.25

During the past 13 years, Lake Winn Resources's highest Days Payable was 48910.00. The lowest was 329.41. And the median was 2428.91.

EQTXF's Days Payable is ranked better than
96.24% of 1064 companies
in the Metals & Mining industry
Industry Median: 130.44 vs EQTXF: 36007.25

Lake Winn Resources's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (12,318.75). It may suggest that Lake Winn Resources delayed paying its suppliers.

Lake Winn Resources Days Payable Historical Data

The historical data trend for Lake Winn 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.

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Lake Winn Resources Days Payable Chart

Lake Winn Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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3,490.31

1,338.33

5,741.73

48,423.33

Lake Winn Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															-	-	-	-	12,318.75

Competitive Comparison of Lake Winn Resources's Days Payable

For the Gold subindustry, Lake Winn 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.

Lake Winn Resources's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Lake Winn Resources's Days Payable falls into.

Lake Winn 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.

Lake Winn 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
=	( (0.3	+	0.496)	/	2 )	/	0.003	*	365
=	0.398					/	0.003	*	365
=	48,423.33

Lake Winn Resources's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.314	+	0.496)	/	2 )	/	0.003	*	365 / 4
=	0.405					/	0.003	*	365 / 4
=	12,318.75

Lake Winn Resources Days Payable Related Terms

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Lake Winn Resources (Lake Winn Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lake Winn Resources Corp (OTCPK:EQTXF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EE1A:Germany LWR:Canada

Address

1111 Melville Street, Suite 1100, 11th Floor, Vancouver, BC, CAN, V6E 3V6

Website

https://www.lakewinn.ca

Lake Winn Resources Corp is a gold company focusing on the exploration and development of gold properties in Canada. The company has a purchase agreement to acquire 100% of its flagship Cloud property located in the province of Manitoba, approximately 40 kilometers northeast of the town of Flin?Flon. Access to the property is provided by Manitoba highway 10 to the all?weather Kississing Lake Road. It operates in one reportable operating segment, which is the acquisition and development of exploration and evaluation assets in Canada.

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