Thor Explorations (LSE:THX) Days Payable : 379.98 (As of Mar. 2024)

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What is Thor Explorations Days Payable?

Thor Explorations's average Accounts Payable for the three months ended in Mar. 2024 was £48.4 Mil. Thor Explorations's Cost of Goods Sold for the three months ended in Mar. 2024 was £11.6 Mil. Hence, Thor Explorations's Days Payable for the three months ended in Mar. 2024 was 379.98.

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

LSE:THX' s Days Payable Range Over the Past 10 Years
Min: 181.15 Med: 4146.29 Max: 69167.5
Current: 240.37

During the past 13 years, Thor Explorations's highest Days Payable was 69167.50. The lowest was 181.15. And the median was 4146.29.

LSE:THX's Days Payable is ranked better than
57.46% of 1065 companies
in the Metals & Mining industry
Industry Median: 136.2 vs LSE:THX: 240.37

Thor Explorations's Days Payable increased from Mar. 2023 (152.26) to Mar. 2024 (379.98). It may suggest that Thor Explorations delayed paying its suppliers.

Thor Explorations Days Payable Historical Data

The historical data trend for Thor Explorations'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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Thor Explorations Days Payable Chart

Thor Explorations Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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2,249.19

17,767.08

714.06

181.14

191.22

Thor Explorations 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															152.26	177.87	-	304.51	379.98

Competitive Comparison of Thor Explorations's Days Payable

For the Gold subindustry, Thor Explorations'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.

Thor Explorations's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Thor Explorations's Days Payable falls into.

Thor Explorations 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.

Thor Explorations'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
=	( (38.516	+	46.383)	/	2 )	/	81.027	*	365
=	42.4495					/	81.027	*	365
=	191.22

Thor Explorations'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
=	( (46.383	+	50.401)	/	2 )	/	11.621	*	365 / 4
=	48.392					/	11.621	*	365 / 4
=	379.98

Thor Explorations Days Payable Related Terms

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Thor Explorations (LSE:THX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Thor Explorations Ltd (LSE:THX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

THXPF:USA T2X:Germany THX:Canada

Address

1075 West Georgia Street, Suite 220, Vancouver, BC, CAN, V6EC9

Website

https://www.thorexpl.com

Thor Explorations Ltd is a Canadian mineral exploration company engaged in the acquisition, exploration and development of mineral properties located in Nigeria, Senegal and Burkina Faso. It holds a 100% interest in the Segilola Gold Project located in Osun State of Nigeria and a 70% interest in the Douta Gold Project located in south-eastern Senegal. It also holds a 100% interest in the Bongui and Legue gold permits located in Hounde greenstone belt, southwest Burkina Faso. It has three reportable segments, the Segilola Mine Project, Exploration Projects, and Corporate.

Thor Explorations (LSE:THX) Headlines

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