Tincorp Metals (TSXV:TIN) Days Payable : 8,093.88 (As of Sep. 2024)

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What is Tincorp Metals Days Payable?

Tincorp Metals's average Accounts Payable for the three months ended in Sep. 2024 was C$0.89 Mil. Tincorp Metals's Cost of Goods Sold for the three months ended in Sep. 2024 was C$0.01 Mil. Hence, Tincorp Metals's Days Payable for the three months ended in Sep. 2024 was 8,093.88.

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

TSXV:TIN' s Days Payable Range Over the Past 10 Years
Min: 9404.12 Med: 13662.61 Max: 15398.44
Current: 12161.34

During the past 4 years, Tincorp Metals's highest Days Payable was 15398.44. The lowest was 9404.12. And the median was 13662.61.

TSXV:TIN's Days Payable is ranked better than
88.93% of 1030 companies
in the Metals & Mining industry
Industry Median: 132.23 vs TSXV:TIN: 12161.34

Tincorp Metals's Days Payable declined from Sep. 2023 (15,910.09) to Sep. 2024 (8,093.88). It may suggest that Tincorp Metals accelerated paying its suppliers.

Tincorp Metals Days Payable Historical Data

The historical data trend for Tincorp Metals'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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Tincorp Metals Days Payable Chart

Tincorp Metals Annual Data

Trend

Jun20

Dec21

Dec22

Dec23

Days Payable

9,404.12

13,662.61

15,398.44

Tincorp Metals Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial														15,910.09	19,360.21	12,832.03	11,143.91	8,093.88

Competitive Comparison of Tincorp Metals's Days Payable

For the Gold subindustry, Tincorp Metals'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.

Tincorp Metals's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Tincorp Metals's Days Payable falls into.

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Tincorp Metals 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.

Tincorp Metals'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
=	( (0.786	+	1.239)	/	2 )	/	0.024	*	365
=	1.0125					/	0.024	*	365
=	15,398.44

Tincorp Metals's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.943	+	0.831)	/	2 )	/	0.01	*	365 / 4
=	0.887					/	0.01	*	365 / 4
=	8,093.88

Tincorp Metals Days Payable Related Terms

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Tincorp Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tincorp Metals Inc (TSXV:TIN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TINFF:USA

Address

1066 West Hastings Street, Suite 1750, Vancouver, BC, CAN, V6E 3X1

Website

https://www.tincorp.com

Tincorp Metals Inc is a mineral exploration and development company focusing on tin projects in Bolivia and a gold project near Whitehorse, Yukon, Canada. The company operates in four reportable operating segments, one being the corporate segment; the other three being the exploration and development segments based on the mineral properties in Canada and Bolivia. The project consists of SF Tin Project, Porvenir Project and Skukum Gold Project.

Executives

Rui Feng	Director
Victor Feng	Senior Officer
Gordon Neal	Director, Senior Officer

Tincorp Metals Headlines

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