Stinger Resources (TSXV:STNG) Days Payable : 105.77 (As of Dec. 2023)

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What is Stinger Resources Days Payable?

Stinger Resources's average Accounts Payable for the three months ended in Dec. 2023 was C$0.03 Mil. Stinger Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.02 Mil. Hence, Stinger Resources's Days Payable for the three months ended in Dec. 2023 was 105.77.

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

TSXV:STNG' s Days Payable Range Over the Past 10 Years
Min: 57.75 Med: 126.96 Max: 293.9
Current: 67.46

During the past 4 years, Stinger Resources's highest Days Payable was 293.90. The lowest was 57.75. And the median was 126.96.

TSXV:STNG's Days Payable is ranked worse than
65.32% of 1067 companies
in the Metals & Mining industry
Industry Median: 131.81 vs TSXV:STNG: 67.46

Stinger Resources's Days Payable increased from Dec. 2022 (19.01) to Dec. 2023 (105.77). It may suggest that Stinger Resources delayed paying its suppliers.

Stinger Resources Days Payable Historical Data

The historical data trend for Stinger Resources'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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Stinger Resources Days Payable Chart

Stinger Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

293.90

126.96

57.75

Stinger Resources Quarterly Data
	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial										19.01	17.74	48.03	98.09	105.77

Competitive Comparison of Stinger Resources's Days Payable

For the Other Precious Metals & Mining subindustry, Stinger Resources'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.

Stinger Resources's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Stinger Resources's Days Payable falls into.

Stinger Resources 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.

Stinger Resources'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
=	( (0.002	+	0.023)	/	2 )	/	0.079	*	365
=	0.0125					/	0.079	*	365
=	57.75

Stinger Resources'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
=	( (0.028	+	0.023)	/	2 )	/	0.022	*	365 / 4
=	0.0255					/	0.022	*	365 / 4
=	105.77

Stinger Resources Days Payable Related Terms

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Stinger Resources (TSXV:STNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Stinger Resources Inc (TSXV:STNG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

STNRF:USA

Address

92-2nd Avenue West, PO Box 70, Cardston, AB, CAN, T0K 0K0

Website

https://www.stingerresources.com

Stinger Resources Inc is engaged in the exploration and development of mineral properties in Canada. It holds interests in the properties of the Dunwell Mine, the Ample Goldmax, D1 McBride and the Gold Hill project, among others.