Western Resources (TSX:WRX) Days Payable : 41,319.96 (As of Mar. 2024)

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What is Western Resources Days Payable?

Western Resources's average Accounts Payable for the three months ended in Mar. 2024 was C$6.34 Mil. Western Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.01 Mil. Hence, Western Resources's Days Payable for the three months ended in Mar. 2024 was 41,319.96.

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

TSX:WRX' s Days Payable Range Over the Past 10 Years
Min: 1402.21 Med: 39303.71 Max: 100581.75
Current: 38166.83

During the past 13 years, Western Resources's highest Days Payable was 100581.75. The lowest was 1402.21. And the median was 39303.71.

TSX:WRX's Days Payable is ranked better than
95.7% of 1070 companies
in the Metals & Mining industry
Industry Median: 139.86 vs TSX:WRX: 38166.83

Western Resources's Days Payable increased from Mar. 2023 (13,898.08) to Mar. 2024 (41,319.96). It may suggest that Western Resources delayed paying its suppliers.

Western Resources Days Payable Historical Data

The historical data trend for Western 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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Western Resources Days Payable Chart

Western Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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75,964.82

52,709.00

100,581.75

91,825.58

25,898.41

Western 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															13,898.08	63,601.25	29,614.77	40,234.73	41,319.96

Competitive Comparison of Western Resources's Days Payable

For the Other Industrial Metals & Mining subindustry, Western 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.

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

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

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

Western 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.

Western Resources's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (4.268	+	5.098)	/	2 )	/	0.066	*	365
=	4.683					/	0.066	*	365
=	25,898.41

Western 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
=	( (7.248	+	5.431)	/	2 )	/	0.014	*	365 / 4
=	6.3395					/	0.014	*	365 / 4
=	41,319.96

Western Resources Days Payable Related Terms

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Western Resources (TSX:WRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Resources Corp (TSX:WRX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

WTRNF:USA WR0:Germany

Address

666 Burrard Street, Suite 2500, Vancouver, BC, CAN, V6C 2X8

Website

https://www.westernresources.com

Western Resources Corp is a resource company focused on the development of its potash project in Canada owned by its wholly owned subsidiary, Western Potash Corp, located in Southern Saskatchewan. Its objectives are to complete Phase I of the Milestone Project to prove a new mining technology, which will then be applied to Phases 2 and 3 to develop potash deposits in an environmentally friendly model. The company's two reportable operating segments are the acquisition, exploration, and development of mineral properties and the investment in real estate projects in Canada.

Executives

Jian Xing

10% Security Holder, Deemed Insider - 6 Months before becoming Insider, Director or Senior Officer of 10% Security Holder

Western Resources (TSX:WRX) Headlines

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