Global Helium (XCNQ:HECO) Days Payable : 3,081.44 (As of Dec. 2023)

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What is Global Helium Days Payable?

Global Helium's average Accounts Payable for the three months ended in Dec. 2023 was C$0.44 Mil. Global Helium's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.01 Mil. Hence, Global Helium's Days Payable for the three months ended in Dec. 2023 was 3,081.44.

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

XCNQ:HECO' s Days Payable Range Over the Past 10 Years
Min: 1273.05 Med: 1460 Max: 7391.25
Current: 1372.96

During the past 4 years, Global Helium's highest Days Payable was 7391.25. The lowest was 1273.05. And the median was 1460.00.

XCNQ:HECO's Days Payable is ranked better than
69.85% of 1068 companies
in the Metals & Mining industry
Industry Median: 136.005 vs XCNQ:HECO: 1372.96

Global Helium's Days Payable increased from Dec. 2022 (323.18) to Dec. 2023 (3,081.44). It may suggest that Global Helium delayed paying its suppliers.

Global Helium Days Payable Historical Data

The historical data trend for Global Helium'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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Global Helium Days Payable Chart

Global Helium Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

7,391.25

1,273.05

1,460.00

Global Helium Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial											323.18	263.22	270.24	1,817.98	3,081.44

Competitive Comparison of Global Helium's Days Payable

For the Other Industrial Metals & Mining subindustry, Global Helium'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.

Global Helium's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Global Helium's Days Payable falls into.

Global Helium 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.

Global Helium'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
=	( (0.023	+	0.385)	/	2 )	/	0.051	*	365
=	0.204					/	0.051	*	365
=	1,460.00

Global Helium'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
=	( (0.493	+	0.385)	/	2 )	/	0.013	*	365 / 4
=	0.439					/	0.013	*	365 / 4
=	3,081.44

Global Helium Days Payable Related Terms

Thank you for viewing the detailed overview of Global Helium's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Global Helium (XCNQ:HECO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Global Helium Corp (XCNQ:HECO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HECOF:USA 5P0:Germany

Address

555 - 4th Avenue SW, Suite 800, Calgary, AB, CAN, T2P 3E7

Website

https://www.globalhelium.com

Global Helium Corp is focused on the exploration, acquisition, and development of helium. The company has acquired helium exploration permits located in Saskatchewan.

Executives

Darcy Spady	Director
Robert Nathan	Director