Electrum Discovery (TSXV:ELY) Days Payable : 34,903.13 (As of Sep. 2024)

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What is Electrum Discovery Days Payable?

Electrum Discovery's average Accounts Payable for the three months ended in Sep. 2024 was C$0.38 Mil. Electrum Discovery's Cost of Goods Sold for the three months ended in Sep. 2024 was C$0.00 Mil. Hence, Electrum Discovery's Days Payable for the three months ended in Sep. 2024 was 34,903.13.

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

TSXV:ELY' s Days Payable Range Over the Past 10 Years
Min: 2041.3 Med: 5537.53 Max: 12908.83
Current: 12908.83

During the past 2 years, Electrum Discovery's highest Days Payable was 12908.83. The lowest was 2041.30. And the median was 5537.53.

TSXV:ELY's Days Payable is ranked better than
90.18% of 1039 companies
in the Metals & Mining industry
Industry Median: 130.99 vs TSXV:ELY: 12908.83

Electrum Discovery's Days Payable increased from Sep. 2023 (0.00) to Sep. 2024 (34,903.13). It may suggest that Electrum Discovery delayed paying its suppliers.

Electrum Discovery Days Payable Historical Data

The historical data trend for Electrum Discovery'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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Electrum Discovery Days Payable Chart

Electrum Discovery Annual Data

Trend

Dec22

Dec23

Days Payable

2,041.30

9,033.75

Electrum Discovery Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial			-	3,368.65	61,913.13	57,806.88	34,903.13

Competitive Comparison of Electrum Discovery's Days Payable

For the Other Precious Metals & Mining subindustry, Electrum Discovery'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.

Electrum Discovery's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Electrum Discovery's Days Payable falls into.

Electrum Discovery 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.

Electrum Discovery'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
=	( (0.151	+	0.443)	/	2 )	/	0.012	*	365
=	0.297					/	0.012	*	365
=	9,033.75

Electrum Discovery's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.353	+	0.412)	/	2 )	/	0.001	*	365 / 4
=	0.3825					/	0.001	*	365 / 4
=	34,903.13

Electrum Discovery Days Payable Related Terms

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Electrum Discovery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Electrum Discovery Corp (TSXV:ELY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ELDCF:USA R8N:Germany

Address

200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6

Website

https://www.medgoldresources.com

Electrum Discovery Corp is a Canadian-based mineral exploration and development company focused on the Western Tethyan Belt with activities in the Republic of Serbia. The current focus of the company is its copper-gold Timok East Project and Novo Tlamino Project.

Executives

Richard Michael Jones	Director
Janet Lynn O'donnell	Senior Officer
Ralph Rushton	Director

Electrum Discovery Headlines

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