Mineral Road Discovery (XCNQ:ROAD) Days Payable : 47,358.75 (As of Feb. 2024)

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What is Mineral Road Discovery Days Payable?

Mineral Road Discovery's average Accounts Payable for the three months ended in Feb. 2024 was C$1.04 Mil. Mineral Road Discovery's Cost of Goods Sold for the three months ended in Feb. 2024 was C$0.00 Mil. Hence, Mineral Road Discovery's Days Payable for the three months ended in Feb. 2024 was 47,358.75.

The historical rank and industry rank for Mineral Road Discovery's Days Payable or its related term are showing as below:

XCNQ:ROAD' s Days Payable Range Over the Past 10 Years
Min: 28768.08 Med: 48526.75 Max: 53344.75
Current: 28768.08

During the past 6 years, Mineral Road Discovery's highest Days Payable was 53344.75. The lowest was 28768.08. And the median was 48526.75.

XCNQ:ROAD's Days Payable is ranked better than
94.55% of 1064 companies
in the Metals & Mining industry
Industry Median: 136.525 vs XCNQ:ROAD: 28768.08

Mineral Road Discovery's Days Payable increased from Feb. 2023 (26,660.21) to Feb. 2024 (47,358.75). It may suggest that Mineral Road Discovery delayed paying its suppliers.

Mineral Road Discovery Days Payable Historical Data

The historical data trend for Mineral Road Discovery'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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Mineral Road Discovery Days Payable Chart

Mineral Road Discovery Annual Data

Trend

May18

May19

May20

May21

May22

May23

Days Payable

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53,344.75

43,708.75

Mineral Road Discovery Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															26,660.21	26,812.29	28,956.67	22,903.75	47,358.75

Competitive Comparison of Mineral Road Discovery's Days Payable

For the Other Industrial Metals & Mining subindustry, Mineral Road Discovery'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.

Mineral Road Discovery's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Mineral Road Discovery's Days Payable falls into.

Mineral Road Discovery 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.

Mineral Road Discovery's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (1.381	+	1.014)	/	2 )	/	0.01	*	365
=	1.1975					/	0.01	*	365
=	43,708.75

Mineral Road Discovery's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (1.118	+	0.958)	/	2 )	/	0.002	*	365 / 4
=	1.038					/	0.002	*	365 / 4
=	47,358.75

Mineral Road Discovery Days Payable Related Terms

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Mineral Road Discovery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mineral Road Discovery Inc (XCNQ:ROAD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CRSTF:USA

Address

733 Seymour Street, Suite 2900, P. O. Box 1, Vancouver Centre II, Vancouver, BC, CAN, V6B 0S6

Website

https://www.crestresourcesinc.com

Crest Resources Inc is engaged in the acquisition and exploration of mineral property assets in Canada, Australia and Peru and the investment in mineral exploration and mining technology companies. Some of the properties of the company are Red Metal Ridge, Split Dome Copper, Chala Copper property, Arizona Project, Cleghorn, Mt. Peyton Extension, Jonathan's Pond, and Mount Peyton.

Executives

Damien Edward Reynolds

10% Security Holder