Mink Ventures (TSXV:MINK) Days Payable : 147.40 (As of Dec. 2023)

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What is Mink Ventures Days Payable?

Mink Ventures's average Accounts Payable for the three months ended in Dec. 2023 was C$0.04 Mil. Mink Ventures's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.03 Mil. Hence, Mink Ventures's Days Payable for the three months ended in Dec. 2023 was 147.40.

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

TSXV:MINK' s Days Payable Range Over the Past 10 Years
Min: 365 Med: 365 Max: 368.02
Current: 368.02

During the past 3 years, Mink Ventures's highest Days Payable was 368.02. The lowest was 365.00. And the median was 365.00.

TSXV:MINK's Days Payable is ranked better than
75% of 76 companies
in the Diversified Financial Services industry
Industry Median: 84.53 vs TSXV:MINK: 368.02

Mink Ventures's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (147.40). It may suggest that Mink Ventures delayed paying its suppliers.

Mink Ventures Days Payable Historical Data

The historical data trend for Mink Ventures'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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Mink Ventures Days Payable Chart

Mink Ventures Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

365.00

Mink Ventures Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial						-	837.84	-	-	147.40

Competitive Comparison of Mink Ventures's Days Payable

For the Shell Companies subindustry, Mink Ventures'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.

Mink Ventures's Days Payable Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Mink Ventures's Days Payable distribution charts can be found below:

* The bar in red indicates where Mink Ventures's Days Payable falls into.

Mink Ventures 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.

Mink Ventures'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
=	( (0.202	+	0.042)	/	2 )	/	0.122	*	365
=	0.122					/	0.122	*	365
=	365.00

Mink Ventures's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	0.042)	/	1 )	/	0.026	*	365 / 4
=	0.042					/	0.026	*	365 / 4
=	147.40

Mink Ventures Days Payable Related Terms

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Mink Ventures (TSXV:MINK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Mink Ventures Corp (TSXV:MINK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

66 Wellington Street West, Suite 4100, Toronto, ON, CAN, M5K 1B7

Website

https://www.minkventures.com

Mink Ventures Corp is a Canadian mineral exploration company exploring battery metals (nickel, copper, cobalt) at its Montcalm project. The principal business of the company is the acquisition, exploration and development of mineral property interests in Canada.

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