Lovitt Resources (TSXV:LRC.H) Days Payable : 949.00 (As of Mar. 2023)

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What is Lovitt Resources Days Payable?

Lovitt Resources's average Accounts Payable for the three months ended in Mar. 2023 was C$0.05 Mil. Lovitt Resources's Cost of Goods Sold for the three months ended in Mar. 2023 was C$0.01 Mil. Hence, Lovitt Resources's Days Payable for the three months ended in Mar. 2023 was 949.00.

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

TSXV:LRC.H's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 138.82
* Ranked among companies with meaningful Days Payable only.

Lovitt Resources's Days Payable declined from Mar. 2022 (1,231.88) to Mar. 2023 (949.00). It may suggest that Lovitt Resources accelerated paying its suppliers.

Lovitt Resources Days Payable Historical Data

The historical data trend for Lovitt 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.

* Premium members only.

Lovitt Resources Days Payable Chart

Lovitt Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Mar16

Mar17

Mar18

Mar19

Jun21

Jun22

Days Payable

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2,600.63

4,562.50

4,988.33

5,018.75

1,297.78

Lovitt Resources Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Payable	Get a 7-Day Free Trial															1,231.88	722.40	1,171.04	1,429.58	949.00

Competitive Comparison of Lovitt Resources's Days Payable

For the Gold subindustry, Lovitt 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.

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

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

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

Lovitt 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.

Lovitt Resources's Days Payable for the fiscal year that ended in Jun. 2022 is calculated as

	Days Payable (A: Jun. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2021 )	+	Accounts Payable (A: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2022 )	*	Days in Period
=	( (0.032	+	0.032)	/	2 )	/	0.009	*	365
=	0.032					/	0.009	*	365
=	1,297.78

Lovitt Resources's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (0.049	+	0.055)	/	2 )	/	0.005	*	365 / 4
=	0.052					/	0.005	*	365 / 4
=	949.00

Lovitt Resources Days Payable Related Terms

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Lovitt Resources (TSXV:LRC.H) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1942 167 Street, Surrey, British Columbia, BC, CAN, V3Z 9R4

Website

https://www.lovittresources.com

Lovitt Resources Inc is engaged in the development of gold resources in North America. It holds land and mineral interests located in Wenatchee, Washington, U.S.A. The company finances its operations by selling land. The geopraphical segments include United States and Canada.

Lovitt Resources (TSXV:LRC.H) Headlines

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