Horizon Minerals (Horizon Minerals) Days Payable : 0.00 (As of Mar. 2017)

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What is Horizon Minerals Days Payable?

Horizon Minerals's average Accounts Payable for the three months ended in Mar. 2017 was $0.02 Mil. Horizon Minerals's Cost of Goods Sold for the three months ended in Mar. 2017 was $0.00 Mil.

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

HZNM's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 135.555
* Ranked among companies with meaningful Days Payable only.

Horizon Minerals's Days Payable stayed the same from Mar. 2016 (0.00) to Mar. 2017 (0.00). stayed the same

Horizon Minerals Days Payable Historical Data

The historical data trend for Horizon 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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Horizon Minerals Days Payable Chart

Horizon Minerals Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Days Payable

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Horizon Minerals Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Days Payable	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Horizon Minerals's Days Payable

For the Other Industrial Metals & Mining subindustry, Horizon 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.

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

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

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

Horizon 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.

Horizon Minerals's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

	Days Payable (A: Dec. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2015 )	+	Accounts Payable (A: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2016 )	*	Days in Period
=	( (0.074	+	0.03)	/	2 )	/	0	*	365
=	0.052					/	0	*	365
=	N/A

Horizon Minerals's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

	Days Payable (Q: Mar. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2016 )	+	Accounts Payable (Q: Mar. 2017 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2017 )	*	Days in Period
=	( (0.03	+	0.01)	/	2 )	/	0	*	365 / 4
=	0.02					/	0	*	365 / 4
=	N/A

Horizon Minerals Days Payable Related Terms

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

Horizon Minerals (Horizon Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Horizon Minerals Corp (OTCPK:HZNM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9101 West Sahara Avenue, Suite 105 - 197, Las Vegas, NV, USA, 89117

Website

http://www.horizonmineralscorp.com

Horizon Minerals Corp is a US-based exploration stage company. It owns domestic lithium assets and is currently evaluating additional lithium opportunities in Nevada and California. The company has acquired several claims in the Great Basin and is ongoingly looking for additional lithium asset acquisitions.

Horizon Minerals (Horizon Minerals) Headlines

From GuruFocus

Germany, Hillary and Horizon Minerals

By $$$ Christopher Malcolm • 10-13-2016