XXIX Metal (TSXV:XXIX) Days Payable : 3,056.88 (As of Jul. 2024)

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What is XXIX Metal Days Payable?

XXIX Metal's average Accounts Payable for the three months ended in Jul. 2024 was C$0.20 Mil. XXIX Metal's Cost of Goods Sold for the three months ended in Jul. 2024 was C$0.01 Mil. Hence, XXIX Metal's Days Payable for the three months ended in Jul. 2024 was 3,056.88.

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

TSXV:XXIX' s Days Payable Range Over the Past 10 Years
Min: 5362.69 Med: 12260.68 Max: 14980.21
Current: 5362.69

During the past 6 years, XXIX Metal's highest Days Payable was 14980.21. The lowest was 5362.69. And the median was 12260.68.

TSXV:XXIX's Days Payable is ranked better than
83.59% of 1042 companies
in the Metals & Mining industry
Industry Median: 129.5 vs TSXV:XXIX: 5362.69

XXIX Metal's Days Payable declined from Jul. 2023 (3,954.17) to Jul. 2024 (3,056.88). It may suggest that XXIX Metal accelerated paying its suppliers.

XXIX Metal Days Payable Historical Data

The historical data trend for XXIX Metal'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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XXIX Metal Days Payable Chart

XXIX Metal Annual Data

Trend

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Payable

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8,395.00

14,980.21

14,965.00

9,556.36

XXIX Metal Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Days Payable	Get a 7-Day Free Trial															3,954.17	6,083.33	9,695.31	7,436.88	3,056.88

Competitive Comparison of XXIX Metal's Days Payable

For the Copper subindustry, XXIX Metal'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.

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

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

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

XXIX Metal 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.

XXIX Metal's Days Payable for the fiscal year that ended in Oct. 2023 is calculated as

	Days Payable (A: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Oct. 2022 )	+	Accounts Payable (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (0.314	+	0.262)	/	2 )	/	0.011	*	365
=	0.288					/	0.011	*	365
=	9,556.36

XXIX Metal's Days Payable for the quarter that ended in Jul. 2024 is calculated as:

	Days Payable (Q: Jul. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Apr. 2024 )	+	Accounts Payable (Q: Jul. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jul. 2024 )	*	Days in Period
=	( (0	+	0.201)	/	1 )	/	0.006	*	365 / 4
=	0.201					/	0.006	*	365 / 4
=	3,056.88

XXIX Metal Days Payable Related Terms

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XXIX Metal Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

QCCUF:USA

Address

55 University Avenue, Suite 1805, Toronto, ON, CAN, M5J 2H7

Website

https://www.qccopper.com

QC Copper and Gold Inc are engaged in the business activity is the exploration, development and production of exploration and evaluation assets in Canada. The company is involved in the project namely Cooke Robitaille, Roger and Opemiska.

Executives

Stephen Alexander Nelson Stewart	Director, Senior Officer
Charles Beaudry	Director, Senior Officer
Philippe Cloutier	Director

XXIX Metal Headlines

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