Nouveau Monde Graphite (Nouveau Monde Graphite) Days Payable : 202.83 (As of Dec. 2023)

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What is Nouveau Monde Graphite Days Payable?

Nouveau Monde Graphite's average Accounts Payable for the three months ended in Dec. 2023 was $5.16 Mil. Nouveau Monde Graphite's Cost of Goods Sold for the three months ended in Dec. 2023 was $2.32 Mil. Hence, Nouveau Monde Graphite's Days Payable for the three months ended in Dec. 2023 was 202.83.

The historical rank and industry rank for Nouveau Monde Graphite's Days Payable or its related term are showing as below:

NMG' s Days Payable Range Over the Past 10 Years
Min: 260.86 Med: 2699.38 Max: 25438.91
Current: 260.86

During the past 13 years, Nouveau Monde Graphite's highest Days Payable was 25438.91. The lowest was 260.86. And the median was 2699.38.

NMG's Days Payable is ranked better than
57.58% of 1068 companies
in the Metals & Mining industry
Industry Median: 130.44 vs NMG: 260.86

Nouveau Monde Graphite's Days Payable declined from Dec. 2022 (807.40) to Dec. 2023 (202.83). It may suggest that Nouveau Monde Graphite accelerated paying its suppliers.

Nouveau Monde Graphite Days Payable Historical Data

The historical data trend for Nouveau Monde Graphite'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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Nouveau Monde Graphite Days Payable Chart

Nouveau Monde Graphite Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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2,670.35

1,875.93

3,661.47

946.11

357.99

Nouveau Monde Graphite Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															807.40	234.23	-	-	202.83

Competitive Comparison of Nouveau Monde Graphite's Days Payable

For the Other Industrial Metals & Mining subindustry, Nouveau Monde Graphite'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.

Nouveau Monde Graphite's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Nouveau Monde Graphite's Days Payable falls into.

Nouveau Monde Graphite 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.

Nouveau Monde Graphite'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
=	( (9.441	+	5.157)	/	2 )	/	7.442	*	365
=	7.299					/	7.442	*	365
=	357.99

Nouveau Monde Graphite's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	5.157)	/	1 )	/	2.32	*	365 / 4
=	5.157					/	2.32	*	365 / 4
=	202.83

Nouveau Monde Graphite Days Payable Related Terms

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Nouveau Monde Graphite (Nouveau Monde Graphite) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nouveau Monde Graphite Inc (NYSE:NMG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NM9A:Germany NM9A:Germany NOU:Canada

Address

481 Brassard Street, Saint-Michel-des-Saints, QC, CAN, J0K 3B0

Website

https://www.nmg.com

Nouveau Monde Graphite Inc is a mineral exploration company. The company specializes in the exploration, evaluation, and development of mineral properties located in Quebec and is developing a natural graphite-based anode material that would qualify as battery-grade material to supply the lithium-ion industry. The company currently operates in two segments: the Matawinie Mine Project and the Battery Material Plant project.