Titan Mining (TSX:TI) Days Payable : 18.89 (As of Mar. 2024)

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What is Titan Mining Days Payable?

Titan Mining's average Accounts Payable for the three months ended in Mar. 2024 was C$3.71 Mil. Titan Mining's Cost of Goods Sold for the three months ended in Mar. 2024 was C$17.92 Mil. Hence, Titan Mining's Days Payable for the three months ended in Mar. 2024 was 18.89.

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

TSX:TI' s Days Payable Range Over the Past 10 Years
Min: 23.03 Med: 38.7 Max: 14503.49
Current: 24.38

During the past 10 years, Titan Mining's highest Days Payable was 14503.49. The lowest was 23.03. And the median was 38.70.

TSX:TI's Days Payable is ranked worse than
88.86% of 1068 companies
in the Metals & Mining industry
Industry Median: 136.225 vs TSX:TI: 24.38

Titan Mining's Days Payable declined from Mar. 2023 (28.75) to Mar. 2024 (18.89). It may suggest that Titan Mining accelerated paying its suppliers.

Titan Mining Days Payable Historical Data

The historical data trend for Titan Mining'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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Titan Mining Days Payable Chart

Titan Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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14,503.49

43.87

33.52

28.07

23.03

Titan Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															28.75	33.57	23.79	16.67	18.89

Competitive Comparison of Titan Mining's Days Payable

For the Other Industrial Metals & Mining subindustry, Titan Mining'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.

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

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

* The bar in red indicates where Titan Mining's Days Payable falls into.

Titan Mining 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.

Titan Mining'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
=	( (6.255	+	3.861)	/	2 )	/	80.148	*	365
=	5.058					/	80.148	*	365
=	23.03

Titan Mining's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (3.861	+	3.559)	/	2 )	/	17.919	*	365 / 4
=	3.71					/	17.919	*	365 / 4
=	18.89

Titan Mining Days Payable Related Terms

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Titan Mining (TSX:TI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Titan Mining Corp (TSX:TI) » Definitions » Days Payable

Comparable Companies

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TIMCF:USA

Address

999 Canada Place, Suite 555, Vancouver, BC, CAN, V6C 3E1

Website

https://www.titanminingcorp.com

Titan Mining Corp is a Canadian natural resources company. It is engaged in the acquisition, exploration, and development of mineral properties. The company owns an interest in the Empire State Mine in Northern New York State, United States. The Company operates one reportable segment, mineral production and exploration in the United States.

Executives

Richard William Warke

Director

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