Trigon Metals (TSXV:TM) Days Payable : 43.58 (As of Dec. 2023)

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What is Trigon Metals Days Payable?

Trigon Metals's average Accounts Payable for the three months ended in Dec. 2023 was C$3.28 Mil. Trigon Metals's Cost of Goods Sold for the three months ended in Dec. 2023 was C$6.86 Mil. Hence, Trigon Metals's Days Payable for the three months ended in Dec. 2023 was 43.58.

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

TSXV:TM' s Days Payable Range Over the Past 10 Years
Min: 85.39 Med: 4911.24 Max: 17337.5
Current: 85.39

During the past 13 years, Trigon Metals's highest Days Payable was 17337.50. The lowest was 85.39. And the median was 4911.24.

TSXV:TM's Days Payable is ranked worse than
58.05% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs TSXV:TM: 85.39

Trigon Metals's Days Payable declined from Sep. 2022 (696.30) to Dec. 2023 (43.58). It may suggest that Trigon Metals accelerated paying its suppliers.

Trigon Metals Days Payable Historical Data

The historical data trend for Trigon 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.

* Premium members only.

Trigon Metals Days Payable Chart

Trigon Metals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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17,337.50

6,935.00

5,446.18

4,376.29

387.19

Trigon Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															696.30	1,251.27	37.04	-	43.58

Competitive Comparison of Trigon Metals's Days Payable

For the Copper subindustry, Trigon 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.

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

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

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

Trigon 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.

Trigon Metals's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (5.462	+	0.209)	/	2 )	/	2.673	*	365
=	2.8355					/	2.673	*	365
=	387.19

Trigon Metals'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
=	( (3.26	+	3.296)	/	2 )	/	6.863	*	365 / 4
=	3.278					/	6.863	*	365 / 4
=	43.58

Trigon Metals Days Payable Related Terms

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Trigon Metals (TSXV:TM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PNTZF:USA TZU2:Germany

Address

130 Queens Quay East, Suite 1224, Toronto, ON, CAN, M5A 0P6

Website

https://www.trigonmetals.com

Trigon Metals Inc is an emerging copper and silver producer in the African continent. Trigon operates through the development of its Namibian mining and exploration permits. The company's projects include Kombat Mine and Gross Otavi in Namibia and the newly Silver Hill copper-silver exploration project in Morocco.