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New Age Metals (New Age Metals) Days Payable : 3,358.00 (As of Jan. 2024)


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What is New Age Metals Days Payable?

New Age Metals's average Accounts Payable for the three months ended in Jan. 2024 was $0.37 Mil. New Age Metals's Cost of Goods Sold for the three months ended in Jan. 2024 was $0.01 Mil. Hence, New Age Metals's Days Payable for the three months ended in Jan. 2024 was 3,358.00.

The historical rank and industry rank for New Age Metals's Days Payable or its related term are showing as below:

NMTLF' s Days Payable Range Over the Past 10 Years
Min: 357.23   Med: 1238.15   Max: 38872.5
Current: 2608.72

During the past 13 years, New Age Metals's highest Days Payable was 38872.50. The lowest was 357.23. And the median was 1238.15.

NMTLF's Days Payable is ranked better than
75.66% of 1064 companies
in the Metals & Mining industry
Industry Median: 130.44 vs NMTLF: 2608.72

New Age Metals's Days Payable increased from Jan. 2023 (1,560.38) to Jan. 2024 (3,358.00). It may suggest that New Age Metals delayed paying its suppliers.


New Age Metals Days Payable Historical Data

The historical data trend for New Age Metals'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.

New Age Metals Days Payable Chart

New Age Metals Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13,048.75 1,301.30 336.18 1,253.95 1,120.47

New Age Metals Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,560.38 1,126.94 2,140.23 3,477.64 3,358.00

Competitive Comparison of New Age Metals's Days Payable

For the Other Industrial Metals & Mining subindustry, New Age Metals'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.


New Age Metals's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where New Age Metals's Days Payable falls into.



New Age Metals 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.

New Age Metals's Days Payable for the fiscal year that ended in Apr. 2023 is calculated as

Days Payable (A: Apr. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Apr. 2022 ) + Accounts Payable (A: Apr. 2023 )) / count ) / Cost of Goods Sold (A: Apr. 2023 )*Days in Period
=( (0.176 + 0.088) / 2 ) / 0.043*365
=0.132 / 0.043*365
=1,120.47

New Age Metals's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

Days Payable (Q: Jan. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Oct. 2023 ) + Accounts Payable (Q: Jan. 2024 )) / count ) / Cost of Goods Sold (Q: Jan. 2024 )*Days in Period
=( (0.258 + 0.478) / 2 ) / 0.01*365 / 4
=0.368 / 0.01*365 / 4
=3,358.00

* 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.


New Age Metals Days Payable Related Terms

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New Age Metals (New Age Metals) Business Description

Traded in Other Exchanges
Address
2148 West 38th Avenue, Suite 101, Vancouver, BC, CAN, V6M 1R9
New Age Metals Inc is a green metal, mineral exploration and development company. The company has two divisions, each engaged in the process of acquiring, exploring and developing Platinum Group Metal (PGM) and Lithium projects. Geographically, it operates in Canada and USA, out of which the majority of its revenue is from Canada. Its project includes the palladium projects in North America - its flagship River Valley PGM Project (near Sudbury, Ontario), Genesis PGM-Cu-Ni Project (Alaska) and seven Lithium projects (Manitoba).

New Age Metals (New Age Metals) Headlines

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