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Northern Graphite (TSXV:NGC) Days Payable : 143.66 (As of Sep. 2023)


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What is Northern Graphite Days Payable?

Northern Graphite's average Accounts Payable for the three months ended in Sep. 2023 was C$6.66 Mil. Northern Graphite's Cost of Goods Sold for the three months ended in Sep. 2023 was C$4.23 Mil. Hence, Northern Graphite's Days Payable for the three months ended in Sep. 2023 was 143.66.

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

TSXV:NGC' s Days Payable Range Over the Past 10 Years
Min: 112.91   Med: 112.91   Max: 154.61
Current: 154.61

During the past 13 years, Northern Graphite's highest Days Payable was 154.61. The lowest was 112.91. And the median was 112.91.

TSXV:NGC's Days Payable is ranked better than
52.62% of 1068 companies
in the Metals & Mining industry
Industry Median: 130.44 vs TSXV:NGC: 154.61

Northern Graphite's Days Payable increased from Sep. 2022 (137.28) to Sep. 2023 (143.66). It may suggest that Northern Graphite delayed paying its suppliers.

Northern Graphite Days Payable Historical Data

The historical data trend for Northern Graphite'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.

Northern Graphite Days Payable Chart

Northern Graphite Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 112.91

Northern Graphite Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 137.28 165.59 102.33 189.01 143.66

Competitive Comparison of Northern Graphite's Days Payable

For the Other Industrial Metals & Mining subindustry, Northern Graphite'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.

Northern Graphite's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Northern Graphite's Days Payable falls into.


Northern Graphite 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.

Northern Graphite's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (1.562 + 3.971) / 2 ) / 8.943*365
=2.7665 / 8.943*365
=112.91

Northern Graphite's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

Days Payable (Q: Sep. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2023 ) + Accounts Payable (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (6.939 + 6.383) / 2 ) / 4.231*365 / 4
=6.661 / 4.231*365 / 4
=143.66

* 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.

Northern Graphite Days Payable Related Terms

Thank you for viewing the detailed overview of Northern Graphite's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Northern Graphite (TSXV:NGC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Northern Graphite Corp (TSXV:NGC) » Definitions » Days Payable
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Address
1000 Innovation Drive, Suite 500, Ottawa, ON, CAN, K2K 3E7
Website
https://www.northerngraphite.com
Northern Graphite Corp is a Canada-based exploration stage company engaged in the exploration and development of mineral resource properties. The company is focused on producing natural graphite and upgrading it into high-value products critical to the green economy including anode material for lithium-ion batteries/EVs, fuel cells, and graphene, as well as advanced industrial technologies. Its exploration and development activities are focused on the Bissett Creek Property in Ontario, Canada, and Okanjande in Namibia.