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Fjordland Exploration (TSXV:FEX) Days Payable : 177.94 (As of Sep. 2023)


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What is Fjordland Exploration Days Payable?

Fjordland Exploration's average Accounts Payable for the three months ended in Sep. 2023 was C$0.02 Mil. Fjordland Exploration's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.01 Mil. Hence, Fjordland Exploration's Days Payable for the three months ended in Sep. 2023 was 177.94.

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

TSXV:FEX' s Days Payable Range Over the Past 10 Years
Min: 33.8   Med: 861.03   Max: 36135
Current: 1783.03

During the past 13 years, Fjordland Exploration's highest Days Payable was 36135.00. The lowest was 33.80. And the median was 861.03.

TSXV:FEX's Days Payable is ranked better than
72.21% of 1065 companies
in the Metals & Mining industry
Industry Median: 130.91 vs TSXV:FEX: 1783.03

Fjordland Exploration's Days Payable declined from Sep. 2022 (3,718.44) to Sep. 2023 (177.94). It may suggest that Fjordland Exploration accelerated paying its suppliers.

Fjordland Exploration Days Payable Historical Data

The historical data trend for Fjordland Exploration'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.

* Premium members only.

Fjordland Exploration Days Payable Chart

Fjordland Exploration Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36,135.00 58.07 33.80 861.03 1,843.72

Fjordland Exploration Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,718.44 4,046.94 1,209.06 241.81 177.94

Competitive Comparison of Fjordland Exploration's Days Payable

For the Other Industrial Metals & Mining subindustry, Fjordland Exploration'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.

Fjordland Exploration's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Fjordland Exploration's Days Payable falls into.


Fjordland Exploration 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.

Fjordland Exploration's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (0.18 + 0.214) / 2 ) / 0.039*365
=0.197 / 0.039*365
=1,843.72

Fjordland Exploration's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

Days Payable (Q: Sep. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2023 ) + Accounts Payable (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (0.002 + 0.037) / 2 ) / 0.01*365 / 4
=0.0195 / 0.01*365 / 4
=177.94

* 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.

Fjordland Exploration Days Payable Related Terms

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Fjordland Exploration (TSXV:FEX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fjordland Exploration Inc (TSXV:FEX) » Definitions » Days Payable
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Traded in Other Exchanges
FEXXF:USA
Address
1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6
Website
https://www.fjordlandex.com
Fjordland Exploration Inc is a Canada-based exploration-stage company. It is engaged in the exploration of mineral properties. The company's projects include South Voisey's Bay Project, Renzy Nickel-Copper Project, Witch Project, and Milligan West Project. The Company has one operating segment, mineral acquisition, and exploration, and operates in one geographical segment, Canada.