Noble Metal Group (TSXV:NMG.H) Days Payable : 705,043.13 (As of Mar. 2024)

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What is Noble Metal Group Days Payable?

Noble Metal Group's average Accounts Payable for the three months ended in Mar. 2024 was C$7.73 Mil. Noble Metal Group's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.00 Mil. Hence, Noble Metal Group's Days Payable for the three months ended in Mar. 2024 was 705,043.13.

The historical rank and industry rank for Noble Metal Group's Days Payable or its related term are showing as below:

TSXV:NMG.H' s Days Payable Range Over the Past 10 Years
Min: 279285.83 Med: 1049922.5 Max: 1374772.5
Current: 554946

During the past 13 years, Noble Metal Group's highest Days Payable was 1374772.50. The lowest was 279285.83. And the median was 1049922.50.

TSXV:NMG.H's Days Payable is ranked better than
99.81% of 1065 companies
in the Metals & Mining industry
Industry Median: 136.2 vs TSXV:NMG.H: 554946.00

Noble Metal Group's Days Payable increased from Mar. 2023 (224,885.63) to Mar. 2024 (705,043.13). It may suggest that Noble Metal Group delayed paying its suppliers.

Noble Metal Group Days Payable Historical Data

The historical data trend for Noble Metal Group'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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Noble Metal Group Days Payable Chart

Noble Metal Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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279,285.83

887,771.25

Noble Metal Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															224,885.63	227,166.88	218,361.25	-	705,043.13

Competitive Comparison of Noble Metal Group's Days Payable

For the Other Industrial Metals & Mining subindustry, Noble Metal Group'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.

Noble Metal Group's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Noble Metal Group's Days Payable falls into.

Noble Metal Group 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.

Noble Metal Group'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
=	( (2.362	+	7.367)	/	2 )	/	0.002	*	365
=	4.8645					/	0.002	*	365
=	887,771.25

Noble Metal Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (7.367	+	8.086)	/	2 )	/	0.001	*	365 / 4
=	7.7265					/	0.001	*	365 / 4
=	705,043.13

Noble Metal Group Days Payable Related Terms

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Noble Metal Group (TSXV:NMG.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Noble Metal Group Inc (TSXV:NMG.H) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vedder Crossing 1, P.O Box 1145, Chilliwack, BC, CAN, V2R 3N7

Website

http://www.noblemetalgroup.com

Noble Metal Group Inc is a junior mineral exploration company. It engages in the exploration and development of its mineral properties for precious and base metals located in the Placer Mining Properties and Cariboo Mining Division.

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