Ascendant Resources (STU:2D9) Days Payable : 3,492.59 (As of Mar. 2024)

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What is Ascendant Resources Days Payable?

Ascendant Resources's average Accounts Payable for the three months ended in Mar. 2024 was €0.77 Mil. Ascendant Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was €0.02 Mil. Hence, Ascendant Resources's Days Payable for the three months ended in Mar. 2024 was 3,492.59.

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

STU:2D9' s Days Payable Range Over the Past 10 Years
Min: 31.99 Med: 1133.36 Max: 13347.01
Current: 4007.28

During the past 13 years, Ascendant Resources's highest Days Payable was 13347.01. The lowest was 31.99. And the median was 1133.36.

STU:2D9's Days Payable is ranked better than
80.06% of 1068 companies
in the Metals & Mining industry
Industry Median: 136.005 vs STU:2D9: 4007.28

Ascendant Resources's Days Payable increased from Mar. 2023 (2,425.73) to Mar. 2024 (3,492.59). It may suggest that Ascendant Resources delayed paying its suppliers.

Ascendant Resources Days Payable Historical Data

The historical data trend for Ascendant Resources'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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Ascendant Resources Days Payable Chart

Ascendant Resources Annual Data

Trend

Jul14

Jul15

Jul16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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55.55

14,162.85

1,081.61

1,554.97

3,674.78

Ascendant Resources 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															2,425.73	14,463.13	3,347.89	5,920.30	3,492.59

Competitive Comparison of Ascendant Resources's Days Payable

For the Other Industrial Metals & Mining subindustry, Ascendant Resources'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.

Ascendant Resources's Days Payable Distribution in the Metals & Mining Industry

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

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

Ascendant Resources 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.

Ascendant Resources'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
=	( (0.554	+	1.077)	/	2 )	/	0.081	*	365
=	0.8155					/	0.081	*	365
=	3,674.78

Ascendant Resources'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
=	( (1.077	+	0.454)	/	2 )	/	0.02	*	365 / 4
=	0.7655					/	0.02	*	365 / 4
=	3,492.59

Ascendant Resources Days Payable Related Terms

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Ascendant Resources (STU:2D9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ascendant Resources Inc (STU:2D9) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ASDRF:USA ASND:Canada

Address

200 Bay Street, Suite 3205, Toronto, ON, CAN, M5J 2J2

Website

https://www.ascendantresources.com

Ascendant Resources Inc is a mining company. The company is engaged in evaluating resource opportunities. It is focused on its own producing El Mochito zinc, silver and lead mine. The El Mochito mine is located in northwestern Honduras. The underground operation takes advantage of selective and bulk underground mining methods to mine multiple flat-lying manto deposits and high-grade vertical chimneys, producing zinc and lead concentrates with silver credits. It also holds an interest in Lagoa Salgada Project.

Ascendant Resources (STU:2D9) Headlines

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