Opawica Explorations (Opawica Explorations) Days Payable : 6,205.00 (As of Nov. 2023)

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What is Opawica Explorations Days Payable?

Opawica Explorations's average Accounts Payable for the three months ended in Nov. 2023 was $0.27 Mil. Opawica Explorations's Cost of Goods Sold for the three months ended in Nov. 2023 was $0.00 Mil. Hence, Opawica Explorations's Days Payable for the three months ended in Nov. 2023 was 6,205.00.

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

OPWEF' s Days Payable Range Over the Past 10 Years
Min: 3771.67 Med: 21352.5 Max: 125377.5
Current: 23710.4

During the past 13 years, Opawica Explorations's highest Days Payable was 125377.50. The lowest was 3771.67. And the median was 21352.50.

OPWEF's Days Payable is ranked better than
94.19% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs OPWEF: 23710.40

Opawica Explorations's Days Payable increased from Nov. 2022 (0.00) to Nov. 2023 (6,205.00). It may suggest that Opawica Explorations delayed paying its suppliers.

Opawica Explorations Days Payable Historical Data

The historical data trend for Opawica Explorations'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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Opawica Explorations Days Payable Chart

Opawica Explorations Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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25,732.50

26,462.50

29,656.25

94,900.00

Opawica Explorations Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Payable	Get a 7-Day Free Trial															-	-	-	-	6,205.00

Competitive Comparison of Opawica Explorations's Days Payable

For the Gold subindustry, Opawica Explorations'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.

Opawica Explorations's Days Payable Distribution in the Metals & Mining Industry

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

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

Opawica Explorations 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.

Opawica Explorations's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (0.246	+	0.274)	/	2 )	/	0.001	*	365
=	0.26					/	0.001	*	365
=	94,900.00

Opawica Explorations's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (0.274	+	0.27)	/	2 )	/	0.004	*	365 / 4
=	0.272					/	0.004	*	365 / 4
=	6,205.00

Opawica Explorations Days Payable Related Terms

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Opawica Explorations (Opawica Explorations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Opawica Explorations Inc (OTCPK:OPWEF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

OE5:Germany OPW:Canada

Address

625 Howe Street, Suite 488, Vancouver, BC, CAN, V6C 2T6

Website

https://www.opawica.com

Opawica Explorations Inc is a Canadian-based company engaged in the business of exploration and evaluation of mineral properties. The company owns an interest in several properties including, Arrowhead Gold Property, Bazooka East Gold Property, Bazooka West Gold Property, and others.

Opawica Explorations (Opawica Explorations) Headlines

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