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ERDCF (Erdene Resource Development) Days Payable : 366.85 (As of Sep. 2024)


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What is Erdene Resource Development Days Payable?

Erdene Resource Development's average Accounts Payable for the three months ended in Sep. 2024 was $0.30 Mil. Erdene Resource Development's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.07 Mil. Hence, Erdene Resource Development's Days Payable for the three months ended in Sep. 2024 was 366.85.

The historical rank and industry rank for Erdene Resource Development's Days Payable or its related term are showing as below:

ERDCF' s Days Payable Range Over the Past 10 Years
Min: 100.59   Med: 6323.16   Max: 12653.33
Current: 2026.29

During the past 13 years, Erdene Resource Development's highest Days Payable was 12653.33. The lowest was 100.59. And the median was 6323.16.

ERDCF's Days Payable is ranked better than
72.46% of 1042 companies
in the Metals & Mining industry
Industry Median: 129.235 vs ERDCF: 2026.29

Erdene Resource Development's Days Payable declined from Sep. 2023 (10,003.00) to Sep. 2024 (366.85). It may suggest that Erdene Resource Development accelerated paying its suppliers.

Erdene Resource Development Days Payable Historical Data

The historical data trend for Erdene Resource Development'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.

Erdene Resource Development Days Payable Chart

Erdene Resource Development Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8,043.04 5,688.97 6,104.31 103.34 1,209.48

Erdene Resource Development Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10,003.00 10,318.27 114.56 231.89 366.85

Competitive Comparison of Erdene Resource Development's Days Payable

For the Other Industrial Metals & Mining subindustry, Erdene Resource Development'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.

Erdene Resource Development's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Erdene Resource Development's Days Payable falls into.


Erdene Resource Development 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.

Erdene Resource Development'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
=( (0.608 + 0.121) / 2 ) / 0.11*365
=0.3645 / 0.11*365
=1,209.48

Erdene Resource Development's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

Days Payable (Q: Sep. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2024 ) + Accounts Payable (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (0.27 + 0.325) / 2 ) / 0.074*365 / 4
=0.2975 / 0.074*365 / 4
=366.85

* 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.

Erdene Resource Development Days Payable Related Terms

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Erdene Resource Development Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Erdene Resource Development Corp (OTCPK:ERDCF) » Definitions » Days Payable
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Traded in Other Exchanges
E8KA:Germany E8KA:Germany ERD:Canada
Address
99 Wyse Road, Metropolitan Place, Suite 1480, Dartmouth, NS, CAN, B3A 4S5
Website
https://www.erdene.com
Erdene Resource Development Corp is a Canadian-based resource exploration company. It is primarily engaged in the exploration and development of precious metals and mineral deposits in Mongolia. The company's project consists of Bayan Khundii, Altan Nar, Zuun Mod, and Khuvyn Khar. The Bayan Khundii and Altan Nar project is located within the Tian-Shan copper-gold belt in southwest Mongolia from the Chinese border city of Ceke. The Zuun Mod project is located within 200 kilometers of China's border in Mongolia's Bayankhongor Province. The Khuvyn Khar copper-silver project is located on the Zuun Mod property.