American Lithium (TSXV:LI) Days Payable : 6,705.49 (As of Nov. 2023)

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What is American Lithium Days Payable?

American Lithium's average Accounts Payable for the three months ended in Nov. 2023 was C$2.43 Mil. American Lithium's Cost of Goods Sold for the three months ended in Nov. 2023 was C$0.03 Mil. Hence, American Lithium's Days Payable for the three months ended in Nov. 2023 was 6,705.49.

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

TSXV:LI' s Days Payable Range Over the Past 10 Years
Min: 5810.24 Med: 9586.62 Max: 131400
Current: 7355.53

During the past 13 years, American Lithium's highest Days Payable was 131400.00. The lowest was 5810.24. And the median was 9586.62.

TSXV:LI's Days Payable is ranked better than
85.43% of 1071 companies
in the Metals & Mining industry
Industry Median: 130.91 vs TSXV:LI: 7355.53

American Lithium's Days Payable declined from Nov. 2022 (12,035.08) to Nov. 2023 (6,705.49). It may suggest that American Lithium accelerated paying its suppliers.

American Lithium Days Payable Historical Data

The historical data trend for American Lithium'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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American Lithium Days Payable Chart

American Lithium Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Payable

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131,400.00

9,586.62

5,810.24

American Lithium Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Payable	Get a 7-Day Free Trial															12,035.08	6,988.23	5,187.09	6,131.41	6,705.49

Competitive Comparison of American Lithium's Days Payable

For the Other Industrial Metals & Mining subindustry, American Lithium'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.

American Lithium's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where American Lithium's Days Payable falls into.

American Lithium 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.

American Lithium's Days Payable for the fiscal year that ended in Feb. 2023 is calculated as

	Days Payable (A: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2022 )	+	Accounts Payable (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (1.373	+	1.556)	/	2 )	/	0.092	*	365
=	1.4645					/	0.092	*	365
=	5,810.24

American Lithium's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (2.425	+	0)	/	1 )	/	0.033	*	365 / 4
=	2.425					/	0.033	*	365 / 4
=	6,705.49

American Lithium Days Payable Related Terms

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American Lithium (TSXV:LI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » American Lithium Corp (TSXV:LI) » Definitions » Days Payable

Comparable Companies

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AMLI:USA 5LA1:Germany

Address

1030 West Georgia Street, Suite 710, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.americanlithiumcorp.com

American Lithium Corp is an exploration-stage company. It is engaged in the development of large-scale lithium projects within mining-friendly jurisdictions throughout the Americas. Its current focus is on developing its strategically located TLC lithium claystone project in the richly mineralized Esmeralda lithium district in Nevada, enabling the shift to a new energy paradigm. In addition, Falchani lithium and Macusani uranium development-stage projects are being advanced in southeastern Peru.

Executives

Graham Elliot Ballachey

Senior Officer