Canadian Critical Minerals (TSXV:CCMI) Days Payable : 785.37 (As of Feb. 2024)

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What is Canadian Critical Minerals Days Payable?

Canadian Critical Minerals's average Accounts Payable for the three months ended in Feb. 2024 was C$1.53 Mil. Canadian Critical Minerals's Cost of Goods Sold for the three months ended in Feb. 2024 was C$0.18 Mil. Hence, Canadian Critical Minerals's Days Payable for the three months ended in Feb. 2024 was 785.37.

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

TSXV:CCMI' s Days Payable Range Over the Past 10 Years
Min: 2707.99 Med: 81395 Max: 81395
Current: 2707.99

During the past 13 years, Canadian Critical Minerals's highest Days Payable was 81395.00. The lowest was 2707.99. And the median was 81395.00.

TSXV:CCMI's Days Payable is ranked better than
76.57% of 1067 companies
in the Metals & Mining industry
Industry Median: 129.97 vs TSXV:CCMI: 2707.99

Canadian Critical Minerals's Days Payable declined from Feb. 2023 (1,512.37) to Feb. 2024 (785.37). It may suggest that Canadian Critical Minerals accelerated paying its suppliers.

Canadian Critical Minerals Days Payable Historical Data

The historical data trend for Canadian Critical Minerals'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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Canadian Critical Minerals Days Payable Chart

Canadian Critical Minerals Annual Data

Trend

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Days Payable

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Canadian Critical Minerals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															1,512.37	-	1,668.69	1,306.53	785.37

Competitive Comparison of Canadian Critical Minerals's Days Payable

For the Other Precious Metals & Mining subindustry, Canadian Critical Minerals'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.

Canadian Critical Minerals's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Canadian Critical Minerals's Days Payable falls into.

Canadian Critical Minerals 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.

Canadian Critical Minerals's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.198	*	365
=	0					/	0.198	*	365
=	0.00

Canadian Critical Minerals's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (1.175	+	1.889)	/	2 )	/	0.178	*	365 / 4
=	1.532					/	0.178	*	365 / 4
=	785.37

Canadian Critical Minerals Days Payable Related Terms

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Canadian Critical Minerals (TSXV:CCMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canadian Critical Minerals Inc (TSXV:CCMI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RIINF:USA N6K:Germany

Address

2520 - 16 Street NW, Calgary, AB, CAN, T2M 3R2

Website

https://www.canadiancriticalmineralsinc.com

Canadian Critical Minerals Inc is a mining company primarily focused on two near-term copper production assets in Canada. The company's main asset is the 100% owned Bull River Mine project near Cranbrook, British Columbia which has a mineral resource containing copper, gold, and silver. The group's 100% owned Thierry Mine project has a mineral resource containing copper, nickel, palladium, platinum, gold, and silver.

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