Velocity Minerals (TSXV:VLC) Days Payable : 3,944.49 (As of Dec. 2023)

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What is Velocity Minerals Days Payable?

Velocity Minerals's average Accounts Payable for the three months ended in Dec. 2023 was C$0.48 Mil. Velocity Minerals's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.01 Mil. Hence, Velocity Minerals's Days Payable for the three months ended in Dec. 2023 was 3,944.49.

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

TSXV:VLC' s Days Payable Range Over the Past 10 Years
Min: 2871.97 Med: 3289.56 Max: 21103.64
Current: 3311.96

During the past 13 years, Velocity Minerals's highest Days Payable was 21103.64. The lowest was 2871.97. And the median was 3289.56.

TSXV:VLC's Days Payable is ranked better than
78% of 1068 companies
in the Metals & Mining industry
Industry Median: 135.555 vs TSXV:VLC: 3311.96

Velocity Minerals's Days Payable increased from Sep. 2022 (3,081.76) to Dec. 2023 (3,944.49). It may suggest that Velocity Minerals delayed paying its suppliers.

Velocity Minerals Days Payable Historical Data

The historical data trend for Velocity Minerals'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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Velocity Minerals Days Payable Chart

Velocity Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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21,103.64

3,289.56

2,871.97

Velocity Minerals 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															3,081.76	986.85	1,551.25	2,281.25	3,944.49

Competitive Comparison of Velocity Minerals's Days Payable

For the Gold subindustry, Velocity Minerals'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.

Velocity Minerals's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Velocity Minerals's Days Payable falls into.

Velocity Minerals 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.

Velocity Minerals'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
=	( (0.353	+	0.544)	/	2 )	/	0.057	*	365
=	0.4485					/	0.057	*	365
=	2,871.97

Velocity Minerals'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
=	( (0.407	+	0.544)	/	2 )	/	0.011	*	365 / 4
=	0.4755					/	0.011	*	365 / 4
=	3,944.49

Velocity Minerals Days Payable Related Terms

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Velocity Minerals (TSXV:VLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Velocity Minerals Ltd (TSXV:VLC) » Definitions » Days Payable

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VLCJF:USA

Address

999 West Hastings Street, Suite 890, Vancouver, BC, CAN, V6C 2W2

Website

https://www.velocityminerals.com

Velocity Minerals Ltd is a gold exploration and development company focused on eastern Europe. It is engaged in gold exploration in Bulgaria. It is focused on Tintyava Property, Nadezhda Property, Momchil Property, and Iglika Property in Bulgaria.

Executives

Robert Charles Kopple

10 percent owner

Velocity Minerals (TSXV:VLC) Headlines

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