NorZinc (NorZinc) Days Payable : 157,543.13 (As of Sep. 2022)

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What is NorZinc Days Payable?

NorZinc's average Accounts Payable for the three months ended in Sep. 2022 was $1.73 Mil. NorZinc's Cost of Goods Sold for the three months ended in Sep. 2022 was $0.00 Mil. Hence, NorZinc's Days Payable for the three months ended in Sep. 2022 was 157,543.13.

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

NORZF' s Days Payable Range Over the Past 10 Years
Min: 3494.54 Med: 9520.42 Max: 49353.21
Current: 14809.05

During the past 13 years, NorZinc's highest Days Payable was 49353.21. The lowest was 3494.54. And the median was 9520.42.

NORZF's Days Payable is not ranked
in the Metals & Mining industry.
Industry Median: 129.525 vs NORZF: 14809.05

NorZinc's Days Payable increased from Sep. 2021 (4,471.25) to Sep. 2022 (157,543.13). It may suggest that NorZinc delayed paying its suppliers.

NorZinc Days Payable Historical Data

The historical data trend for NorZinc'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.

NorZinc Days Payable Chart

NorZinc Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

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22,465.75

53,217.00

3,441.01

4,216.71

7,144.05

NorZinc Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Days Payable	Get a 7-Day Free Trial															4,471.25	8,510.82	8,907.40	9,413.96	157,543.13

Competitive Comparison of NorZinc's Days Payable

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

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

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

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

NorZinc 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.

NorZinc's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (0.621	+	1.532)	/	2 )	/	0.055	*	365
=	1.0765					/	0.055	*	365
=	7,144.05

NorZinc's Days Payable for the quarter that ended in Sep. 2022 is calculated as:

	Days Payable (Q: Sep. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2022 )	+	Accounts Payable (Q: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
=	( (0.851	+	2.602)	/	2 )	/	0.001	*	365 / 4
=	1.7265					/	0.001	*	365 / 4
=	157,543.13

NorZinc Days Payable Related Terms

Thank you for viewing the detailed overview of NorZinc's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

NorZinc (NorZinc) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NorZinc Ltd (OTCPK:NORZF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

650 West Georgia Street, Suite 1710, PO Box 11644, Vancouver, BC, CAN, V6B 4N9

Website

https://www.norzinc.com

NorZinc Ltd is a Canadian exploration and development company. It is engaged in the business of exploring and developing natural resource properties. Its key project includes Prairie Creek Project, advanced-staged zinc-lead-silver property, located in the Northwest Territories. It also owns an extensive land package in central Newfoundland.

NorZinc (NorZinc) Headlines

From GuruFocus

NorZinc Announces Intention to Terminate SEC Reporting Obligations

By PRNewswire PRNewswire • 02-26-2020

The Power Play by The Market Herald Releases New Interviews with NorZinc and Brascan

By ACCESSWIRE ACCESSWIRE • 08-25-2022