MAX Resource (TSXV:MAX) Days Payable : 4,028.25 (As of Sep. 2024)

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What is MAX Resource Days Payable?

MAX Resource's average Accounts Payable for the three months ended in Sep. 2024 was C$1.37 Mil. MAX Resource's Cost of Goods Sold for the three months ended in Sep. 2024 was C$0.03 Mil. Hence, MAX Resource's Days Payable for the three months ended in Sep. 2024 was 4,028.25.

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

TSXV:MAX' s Days Payable Range Over the Past 10 Years
Min: 3268.85 Med: 9864.13 Max: 30416.67
Current: 3268.85

During the past 13 years, MAX Resource's highest Days Payable was 30416.67. The lowest was 3268.85. And the median was 9864.13.

TSXV:MAX's Days Payable is ranked better than
78.02% of 1042 companies
in the Metals & Mining industry
Industry Median: 129.235 vs TSXV:MAX: 3268.85

MAX Resource's Days Payable increased from Sep. 2023 (3,175.50) to Sep. 2024 (4,028.25). It may suggest that MAX Resource delayed paying its suppliers.

MAX Resource Days Payable Historical Data

The historical data trend for MAX Resource'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.

MAX Resource Days Payable Chart

MAX Resource Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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30,416.67

24,290.75

9,864.13

6,962.18

3,526.32

MAX Resource Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															3,175.50	2,518.50	2,700.32	4,429.28	4,028.25

Competitive Comparison of MAX Resource's Days Payable

For the Other Precious Metals & Mining subindustry, MAX Resource'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.

MAX Resource's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where MAX Resource's Days Payable falls into.

MAX Resource 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.

MAX Resource'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
=	( (1.407	+	0.931)	/	2 )	/	0.121	*	365
=	1.169					/	0.121	*	365
=	3,526.32

MAX Resource'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
=	( (1.76	+	0.977)	/	2 )	/	0.031	*	365 / 4
=	1.3685					/	0.031	*	365 / 4
=	4,028.25

MAX Resource Days Payable Related Terms

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MAX Resource Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MAX Resource Corp (TSXV:MAX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MXROF:USA M1D2:Germany M1D2:Germany

Address

1095 West Pender Street, Suite 1188, Vancouver, BC, CAN, V6E 2M6

Website

https://www.maxresource.com

MAX Resource Corp is a mineral exploration company advancing the newly discovered district-scale Cesar copper-silver project. Its Cesar project sits along with the Colombian portion of the largest producing copper belt (Andean belt), with infrastructure and the presence of global majors (Glencore and Chevron). The company holds a 100% interest in the RT Gold project in Peru. It has one operating segment which is the exploration of resource properties.