Globex Mining Enterprises (FRA:G1MN) Days Payable : 714.79 (As of Mar. 2024)

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What is Globex Mining Enterprises Days Payable?

Globex Mining Enterprises's average Accounts Payable for the three months ended in Mar. 2024 was €0.12 Mil. Globex Mining Enterprises's Cost of Goods Sold for the three months ended in Mar. 2024 was €0.02 Mil. Hence, Globex Mining Enterprises's Days Payable for the three months ended in Mar. 2024 was 714.79.

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

FRA:G1MN' s Days Payable Range Over the Past 10 Years
Min: 573.57 Med: 1483.2 Max: 2472.58
Current: 708.53

During the past 13 years, Globex Mining Enterprises's highest Days Payable was 2472.58. The lowest was 573.57. And the median was 1483.20.

FRA:G1MN's Days Payable is ranked better than
64.51% of 1068 companies
in the Metals & Mining industry
Industry Median: 135.555 vs FRA:G1MN: 708.53

Globex Mining Enterprises's Days Payable increased from Mar. 2023 (628.97) to Mar. 2024 (714.79). It may suggest that Globex Mining Enterprises delayed paying its suppliers.

Globex Mining Enterprises Days Payable Historical Data

The historical data trend for Globex Mining Enterprises'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.

Globex Mining Enterprises Days Payable Chart

Globex Mining Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1,642.50

1,335.57

1,063.53

585.92

575.82

Globex Mining Enterprises Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															628.97	571.83	804.96	713.71	714.79

Competitive Comparison of Globex Mining Enterprises's Days Payable

For the Other Industrial Metals & Mining subindustry, Globex Mining Enterprises'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.

Globex Mining Enterprises's Days Payable Distribution in the Metals & Mining Industry

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

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

Globex Mining Enterprises 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.

Globex Mining Enterprises'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
=	( (0.108	+	0.075)	/	2 )	/	0.058	*	365
=	0.0915					/	0.058	*	365
=	575.82

Globex Mining Enterprises's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.075	+	0.16)	/	2 )	/	0.015	*	365 / 4
=	0.1175					/	0.015	*	365 / 4
=	714.79

Globex Mining Enterprises Days Payable Related Terms

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Globex Mining Enterprises (FRA:G1MN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Globex Mining Enterprises Inc (FRA:G1MN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GLBXF:USA G1MN:Germany GMX:Canada

Address

89 Belsize Drive, Toronto, ON, CAN, M4S 1L3

Website

https://www.globexmining.com

Globex Mining Enterprises Inc is a Canada-based exploration company. The company is engaged in the acquisition, development, and exploration of mineral properties in North America. The company's mineral portfolio consists of early to mid-stage exploration, development and royalty properties which contain Base Metals, Specialty Metals and Minerals and Industrial Minerals.

Globex Mining Enterprises (FRA:G1MN) Headlines

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