Geomega Resources (TSXV:GMA) Days Payable : 1,007.66 (As of Feb. 2024)

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What is Geomega Resources Days Payable?

Geomega Resources's average Accounts Payable for the three months ended in Feb. 2024 was C$0.39 Mil. Geomega Resources's Cost of Goods Sold for the three months ended in Feb. 2024 was C$0.04 Mil. Hence, Geomega Resources's Days Payable for the three months ended in Feb. 2024 was 1,007.66.

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

TSXV:GMA' s Days Payable Range Over the Past 10 Years
Min: 996.91 Med: 1636.68 Max: 26123.57
Current: 1043.9

During the past 13 years, Geomega Resources's highest Days Payable was 26123.57. The lowest was 996.91. And the median was 1636.68.

TSXV:GMA's Days Payable is ranked better than
67.35% of 1066 companies
in the Metals & Mining industry
Industry Median: 137.515 vs TSXV:GMA: 1043.90

Geomega Resources's Days Payable declined from Feb. 2023 (1,268.38) to Feb. 2024 (1,007.66). It may suggest that Geomega Resources accelerated paying its suppliers.

Geomega Resources Days Payable Historical Data

The historical data trend for Geomega 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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Geomega Resources Days Payable Chart

Geomega Resources Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Payable

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3,862.92

1,183.97

996.91

1,636.68

Geomega Resources 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															1,268.38	1,680.07	919.23	966.24	1,007.66

Competitive Comparison of Geomega Resources's Days Payable

For the Other Industrial Metals & Mining subindustry, Geomega 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.

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

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

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

Geomega 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.

Geomega Resources'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
=	( (0.217	+	0.626)	/	2 )	/	0.094	*	365
=	0.4215					/	0.094	*	365
=	1,636.68

Geomega Resources'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
=	( (0.35	+	0.423)	/	2 )	/	0.035	*	365 / 4
=	0.3865					/	0.035	*	365 / 4
=	1,007.66

Geomega Resources Days Payable Related Terms

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Geomega Resources (TSXV:GMA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

GOMRF:USA

Address

75 Boulevard de Mortagne, Boucherville, QC, CAN, J4B 6Y4

Website

https://www.ressourcesgeomega.ca

Geomega Resources Inc is engaged in the acquisition, exploration, and evaluation of mining properties in Canada. It primarily explores for rare earth elements and niobium deposits. It holds an interest in Montviel property on the discovery and development of deposits of metals in Quebec. The Montviel property is located approximately 100 kilometers north of Lebel-sur-Quevillon and Buckingham property.

Executives

Mathieu Bourdeau

Senior Officer