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HNCUF (Horizon Copper) Days Payable : 12.07 (As of Dec. 2024)


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What is Horizon Copper Days Payable?

Horizon Copper's average Accounts Payable for the three months ended in Dec. 2024 was $0.22 Mil. Horizon Copper's Cost of Goods Sold for the three months ended in Dec. 2024 was $1.66 Mil. Hence, Horizon Copper's Days Payable for the three months ended in Dec. 2024 was 12.07.

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

HNCUF' s Days Payable Range Over the Past 10 Years
Min: 5.71   Med: 7.37   Max: 9.03
Current: 6.94

During the past 5 years, Horizon Copper's highest Days Payable was 9.03. The lowest was 5.71. And the median was 7.37.

HNCUF's Days Payable is ranked worse than
98.45% of 1029 companies
in the Metals & Mining industry
Industry Median: 135.14 vs HNCUF: 6.94

Horizon Copper's Days Payable increased from Dec. 2023 (2.92) to Dec. 2024 (12.07). It may suggest that Horizon Copper delayed paying its suppliers.

Horizon Copper Days Payable Historical Data

The historical data trend for Horizon Copper'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.

Horizon Copper Days Payable Chart

Horizon Copper Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Days Payable
- - - 8.93 5.81

Horizon Copper Quarterly Data
Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 2.92 3.90 4.36 9.45 12.07

Competitive Comparison of Horizon Copper's Days Payable

For the Copper subindustry, Horizon Copper'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.

Horizon Copper's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Horizon Copper's Days Payable falls into.


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Horizon Copper 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.

Horizon Copper's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

Days Payable (A: Dec. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2023 ) + Accounts Payable (A: Dec. 2024 )) / count ) / Cost of Goods Sold (A: Dec. 2024 )*Days in Period
=( (0.081 + 0.164) / 2 ) / 7.699*365
=0.1225 / 7.699*365
=5.81

Horizon Copper'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
=( (0.276 + 0.164) / 2 ) / 1.663*365 / 4
=0.22 / 1.663*365 / 4
=12.07

* 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.

Horizon Copper Days Payable Related Terms

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Horizon Copper Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Horizon Copper Corp (OTCPK:HNCUF) » Definitions » Days Payable
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TSX:GCU TSXV:HI TSXV:ECU TSX:ATCU TSXV:CUU XCNQ:BFG TSXV:XXIX TSX:FDY TSXV:TRBC XCNQ:CCI SCCO FCX LSE:ANTO LIM:CVERDEC1 TSX:FM SHSE:600362 TSX:LUN WAR:KGH SZSE:000630 HKSE:01208
Traded in Other Exchanges
HCU:Canada
Address
733 Seymour Street, Suite 3200, Vancouver, BC, CAN, V6B 0S6
Website
https://www.horizoncopper.com
Horizon Copper Corp is a copper company holding non-operating interests in high-grade, low-cost copper assets. It holds a portfolio of copper assets including Antamina, 30% interest in the copper-gold Hod Maden project, and exposure to the Oyu Tolgoi copper mine through nearly 25% equity ownership.