Almadex Minerals (TSXV:DEX) Days Payable : 452.55 (As of Dec. 2023)

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What is Almadex Minerals Days Payable?

Almadex Minerals's average Accounts Payable for the three months ended in Dec. 2023 was C$0.37 Mil. Almadex Minerals's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.07 Mil. Hence, Almadex Minerals's Days Payable for the three months ended in Dec. 2023 was 452.55.

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

TSXV:DEX' s Days Payable Range Over the Past 10 Years
Min: 100.9 Med: 186.68 Max: 665.83
Current: 370.01

During the past 6 years, Almadex Minerals's highest Days Payable was 665.83. The lowest was 100.90. And the median was 186.68.

TSXV:DEX's Days Payable is ranked better than
60.58% of 1068 companies
in the Metals & Mining industry
Industry Median: 136.005 vs TSXV:DEX: 370.01

Almadex Minerals's Days Payable increased from Dec. 2022 (403.12) to Dec. 2023 (452.55). It may suggest that Almadex Minerals delayed paying its suppliers.

Almadex Minerals Days Payable Historical Data

The historical data trend for Almadex 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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Almadex Minerals Days Payable Chart

Almadex Minerals Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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665.83

183.25

100.90

186.68

539.16

Almadex Minerals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															403.12	595.26	274.67	140.91	452.55

Competitive Comparison of Almadex Minerals's Days Payable

For the Gold subindustry, Almadex 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.

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

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

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

Almadex 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.

Almadex Minerals'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
=	( (0.444	+	0.59)	/	2 )	/	0.35	*	365
=	0.517					/	0.35	*	365
=	539.16

Almadex Minerals's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.144	+	0.59)	/	2 )	/	0.074	*	365 / 4
=	0.367					/	0.074	*	365 / 4
=	452.55

Almadex Minerals Days Payable Related Terms

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Almadex Minerals (TSXV:DEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Almadex Minerals Ltd (TSXV:DEX) » Definitions » Days Payable

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Traded in Other Exchanges

AAMMF:USA

Address

1333 Johnston Street, Suite 210, Vancouver, BC, CAN, V6H 3R9

Website

http://www.almadexminerals.com

Almadex Minerals Ltd is an exploration company specializing in the discovery of new mineral prospects. The company's projects are located in Mexico, Canada and the United States. It has one reportable operating segment being, the acquisition and exploration of mineral resource properties in Canada, the United States, and Mexico.