Medaro Mining (Medaro Mining) Days Payable : 5,103.48 (As of Mar. 2024)

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What is Medaro Mining Days Payable?

Medaro Mining's average Accounts Payable for the three months ended in Mar. 2024 was $0.39 Mil. Medaro Mining's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.01 Mil. Hence, Medaro Mining's Days Payable for the three months ended in Mar. 2024 was 5,103.48.

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

MEDAF' s Days Payable Range Over the Past 10 Years
Min: 2452.26 Med: 3988.16 Max: 3988.16
Current: 2452.26

During the past 4 years, Medaro Mining's highest Days Payable was 3988.16. The lowest was 2452.26. And the median was 3988.16.

MEDAF's Days Payable is ranked better than
75.96% of 1065 companies
in the Metals & Mining industry
Industry Median: 136.2 vs MEDAF: 2452.26

Medaro Mining's Days Payable increased from Mar. 2023 (0.00) to Mar. 2024 (5,103.48). It may suggest that Medaro Mining delayed paying its suppliers.

Medaro Mining Days Payable Historical Data

The historical data trend for Medaro Mining'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.

Medaro Mining Days Payable Chart

Medaro Mining Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Days Payable

4,022.30

Medaro Mining Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial										-	539.45	2,868.67	4,406.07	5,103.48

Competitive Comparison of Medaro Mining's Days Payable

For the Other Industrial Metals & Mining subindustry, Medaro Mining'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.

Medaro Mining's Days Payable Distribution in the Metals & Mining Industry

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

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

Medaro Mining 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.

Medaro Mining's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (0.19	+	0.361)	/	2 )	/	0.025	*	365
=	0.2755					/	0.025	*	365
=	4,022.30

Medaro Mining'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
=	( (0.315	+	0.468)	/	2 )	/	0.007	*	365 / 4
=	0.3915					/	0.007	*	365 / 4
=	5,103.48

Medaro Mining Days Payable Related Terms

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Medaro Mining (Medaro Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Medaro Mining Corp (OTCPK:MEDAF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

1ZY0:Germany MEDA:Canada

Address

333 Terminal Avenue, Suite 220, Vancouver, BC, CAN, V6A 4C1

Website

https://www.medaromining.com

Medaro Mining Corp is in the business of acquiring, exploring, and evaluating mineral resource properties in Canada. The company's projects include Lac la motte; Rapide lithium; Darlin lithium; CYR south lithium; Superb lake lithium, and Yurchison uranium.