Snow Lake Resources (Snow Lake Resources) Days Payable : 5,110.00 (As of Dec. 2023)

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What is Snow Lake Resources Days Payable?

Snow Lake Resources's average Accounts Payable for the six months ended in Dec. 2023 was $0.34 Mil. Snow Lake Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was $0.01 Mil. Hence, Snow Lake Resources's Days Payable for the six months ended in Dec. 2023 was 5,110.00.

The historical rank and industry rank for Snow Lake Resources's Days Payable or its related term are showing as below:

LITM' s Days Payable Range Over the Past 10 Years
Min: 7986.55 Med: 90063.75 Max: 90063.75
Current: 7986.55

During the past 5 years, Snow Lake Resources's highest Days Payable was 90063.75. The lowest was 7986.55. And the median was 90063.75.

LITM's Days Payable is ranked better than
86.69% of 1067 companies
in the Metals & Mining industry
Industry Median: 128.84 vs LITM: 7986.55

Snow Lake Resources's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (5,110.00). It may suggest that Snow Lake Resources delayed paying its suppliers.

Snow Lake Resources Days Payable Historical Data

The historical data trend for Snow Lake Resources'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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Snow Lake Resources Days Payable Chart

Snow Lake Resources Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

90,063.75

Snow Lake Resources Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial					-	-	-	36,043.75	5,110.00

Competitive Comparison of Snow Lake Resources's Days Payable

For the Other Industrial Metals & Mining subindustry, Snow Lake Resources'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.

Snow Lake Resources's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Snow Lake Resources's Days Payable falls into.

Snow Lake Resources 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.

Snow Lake Resources's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.444	+	0.543)	/	2 )	/	0.002	*	365
=	0.4935					/	0.002	*	365
=	90,063.75

Snow Lake Resources'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.543	+	0.129)	/	2 )	/	0.012	*	365 / 2
=	0.336					/	0.012	*	365 / 2
=	5,110.00

Snow Lake Resources Days Payable Related Terms

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Snow Lake Resources (Snow Lake Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Snow Lake Resources Ltd (NAS:LITM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

360 Main Street, 30th Floor, Winnipeg, MB, CAN, R3C 4G1

Website

https://www.snowlakelithium.com

Snow Lake Resources Ltd is an exploration stage mining company engaged in lithium exploration in the province of Manitoba, Canada. Its primary focus is currently conducting exploration for lithium at Thompson Brothers Lithium Project.