NRVTF (Noram Lithium) Days Payable : 1,008.31 (As of Oct. 2024)

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What is Noram Lithium Days Payable?

Noram Lithium's average Accounts Payable for the three months ended in Oct. 2024 was $0.11 Mil. Noram Lithium's Cost of Goods Sold for the three months ended in Oct. 2024 was $0.01 Mil. Hence, Noram Lithium's Days Payable for the three months ended in Oct. 2024 was 1,008.31.

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

NRVTF' s Days Payable Range Over the Past 10 Years
Min: 1152.63 Med: 1945.58 Max: 21261.25
Current: 2083.7

During the past 13 years, Noram Lithium's highest Days Payable was 21261.25. The lowest was 1152.63. And the median was 1945.58.

NRVTF's Days Payable is ranked better than
72.2% of 1043 companies
in the Metals & Mining industry
Industry Median: 129.57 vs NRVTF: 2083.70

Noram Lithium's Days Payable declined from Oct. 2023 (4,106.25) to Oct. 2024 (1,008.31). It may suggest that Noram Lithium accelerated paying its suppliers.

Noram Lithium Days Payable Historical Data

The historical data trend for Noram Lithium'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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Noram Lithium Days Payable Chart

Noram Lithium Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Payable

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1,128.18

1,173.81

1,440.99

2,472.44

2,476.79

Noram Lithium Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Days Payable	Get a 7-Day Free Trial															4,106.25	3,405.28	1,710.94	1,250.13	1,008.31

Competitive Comparison of Noram Lithium's Days Payable

For the Other Industrial Metals & Mining subindustry, Noram Lithium'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.

Noram Lithium's Days Payable Distribution in the Metals & Mining Industry

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

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

Noram Lithium 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.

Noram Lithium's Days Payable for the fiscal year that ended in Jan. 2024 is calculated as

	Days Payable (A: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2023 )	+	Accounts Payable (A: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2024 )	*	Days in Period
=	( (0.345	+	0.225)	/	2 )	/	0.042	*	365
=	0.285					/	0.042	*	365
=	2,476.79

Noram Lithium's Days Payable for the quarter that ended in Oct. 2024 is calculated as:

	Days Payable (Q: Oct. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2024 )	+	Accounts Payable (Q: Oct. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2024 )	*	Days in Period
=	( (0.124	+	0.097)	/	2 )	/	0.01	*	365 / 4
=	0.1105					/	0.01	*	365 / 4
=	1,008.31

Noram Lithium Days Payable Related Terms

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Noram Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Noram Lithium Corp (OTCPK:NRVTF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N7R:Germany NRM:Canada

Address

555 West Hastings Street, Suite 2150, Vancouver, BC, CAN, V6B 4N6

Website

https://www.noramlithiumcorp.com

Noram Lithium Corp is engaged in the acquisition and exploration of lithium properties. Its principal asset is the Zeus Lithium Project in Clayton Valley Nevada.