EDM Resources (TSXV:EDM) Days Payable : 4,364.79 (As of Mar. 2024)

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What is EDM Resources Days Payable?

EDM Resources's average Accounts Payable for the three months ended in Mar. 2024 was C$0.14 Mil. EDM Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.00 Mil. Hence, EDM Resources's Days Payable for the three months ended in Mar. 2024 was 4,364.79.

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

TSXV:EDM' s Days Payable Range Over the Past 10 Years
Min: 59.01 Med: 757.6 Max: 173010
Current: 173010

During the past 13 years, EDM Resources's highest Days Payable was 173010.00. The lowest was 59.01. And the median was 757.60.

TSXV:EDM's Days Payable is ranked better than
98.69% of 1070 companies
in the Metals & Mining industry
Industry Median: 139.86 vs TSXV:EDM: 173010.00

EDM Resources's Days Payable stayed the same from Mar. 2023 (4,364.79) to Mar. 2024 (4,364.79). stayed the same

EDM Resources Days Payable Historical Data

The historical data trend for EDM 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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EDM Resources Days Payable Chart

EDM Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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673.92

841.28

11,375.83

2,980.83

10,167.86

EDM 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															4,364.79	12,045.00	-	9,912.03	4,364.79

Competitive Comparison of EDM Resources's Days Payable

For the Other Industrial Metals & Mining subindustry, EDM 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.

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

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

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

EDM 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.

EDM 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
=	( (0.284	+	0.106)	/	2 )	/	0.007	*	365
=	0.195					/	0.007	*	365
=	10,167.86

EDM 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
=	( (0.106	+	0.181)	/	2 )	/	0.003	*	365 / 4
=	0.1435					/	0.003	*	365 / 4
=	4,364.79

EDM Resources Days Payable Related Terms

Thank you for viewing the detailed overview of EDM Resources's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

EDM Resources (TSXV:EDM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » EDM Resources Inc (TSXV:EDM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1959 Upper Water Street, Suite 1301, Purdy's Wharf, Halifax, NS, CAN, B3J 3N2

Website

https://www.edmresources.com

EDM Resources Inc is an exploration and development company. The company is engaged in base metals mining and related activities, including the exploration and evaluation of mineral property interests that are considered to have the potential for economic mineralization and development. Its project includes Scotia Mine; Eastville Prospect; Carrolls Farm and Carrolls Corner Prospects.

Executives

Mark Stephen Richard Haywood

Senior Officer

EDM Resources (TSXV:EDM) Headlines

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