Palamina (Palamina) Days Payable : 1,368.75 (As of Mar. 2024)

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What is Palamina Days Payable?

Palamina's average Accounts Payable for the three months ended in Mar. 2024 was $0.02 Mil. Palamina's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.00 Mil. Hence, Palamina's Days Payable for the three months ended in Mar. 2024 was 1,368.75.

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

PLMNF' s Days Payable Range Over the Past 10 Years
Min: 1231.88 Med: 12752.19 Max: 34565.5
Current: 13379.53

During the past 10 years, Palamina's highest Days Payable was 34565.50. The lowest was 1231.88. And the median was 12752.19.

PLMNF's Days Payable is ranked better than
90.61% of 1065 companies
in the Metals & Mining industry
Industry Median: 136.2 vs PLMNF: 13379.53

Palamina's Days Payable declined from Mar. 2023 (21,717.50) to Mar. 2024 (1,368.75). It may suggest that Palamina accelerated paying its suppliers.

Palamina Days Payable Historical Data

The historical data trend for Palamina'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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Palamina Days Payable Chart

Palamina Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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33,762.50

13,231.25

1,216.67

Palamina Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															21,717.50	20,485.63	34,948.75	18,067.50	1,368.75

Competitive Comparison of Palamina's Days Payable

For the Gold subindustry, Palamina'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.

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

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

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

Palamina 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.

Palamina'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
=	( (0.027	+	0.013)	/	2 )	/	0.006	*	365
=	0.02					/	0.006	*	365
=	1,216.67

Palamina's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.013	+	0.017)	/	2 )	/	0.001	*	365 / 4
=	0.015					/	0.001	*	365 / 4
=	1,368.75

Palamina Days Payable Related Terms

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Palamina (Palamina) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Palamina Corp (OTCPK:PLMNF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PA:Canada

Address

145 King Street West, Suite 2870, Toronto, ON, CAN, M5H 1J8

Website

https://www.palamina.com

Palamina Corp is a Canada-based exploration stage company focused on the exploration of economic mineral deposits in Peru, and to a lesser extent in Mexico. The company's properties include the Peru Properties and El Santuario Property. Some of its projects include Coasa Gold Project, Bendi Gold Project, and Lagos Silver Copper Project, among others. It operates in a single segment. Geographically, it operates in Canada, Peru, and Mexico, out of which the majority is from Canada.

Palamina (Palamina) Headlines

From GuruFocus

Palamina Announces Grant of Options

By GlobeNewswire GlobeNewswire • 04-06-2018