M3 Metals (M3 Metals) Days Payable : 0.00 (As of Feb. 2024)

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What is M3 Metals Days Payable?

M3 Metals's average Accounts Payable for the three months ended in Feb. 2024 was $0.04 Mil. M3 Metals's Cost of Goods Sold for the three months ended in Feb. 2024 was $0.00 Mil.

The historical rank and industry rank for M3 Metals's Days Payable or its related term are showing as below:

MLGCF' s Days Payable Range Over the Past 10 Years
Min: 5064.38 Med: 26416.88 Max: 42978.75
Current: 17812

During the past 13 years, M3 Metals's highest Days Payable was 42978.75. The lowest was 5064.38. And the median was 26416.88.

MLGCF's Days Payable is ranked better than
92.89% of 1069 companies
in the Metals & Mining industry
Industry Median: 136.25 vs MLGCF: 17812.00

M3 Metals's Days Payable declined from Feb. 2023 (21,078.75) to Feb. 2024 (0.00). It may suggest that M3 Metals accelerated paying its suppliers.

M3 Metals Days Payable Historical Data

The historical data trend for M3 Metals'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.

* Premium members only.

M3 Metals Days Payable Chart

M3 Metals Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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27,010.00

5,110.00

17,793.75

33,488.75

47,450.00

M3 Metals 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															21,078.75	12,546.88	2,372.50	-	-

Competitive Comparison of M3 Metals's Days Payable

For the Other Industrial Metals & Mining subindustry, M3 Metals'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.

M3 Metals's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, M3 Metals's Days Payable distribution charts can be found below:

* The bar in red indicates where M3 Metals's Days Payable falls into.

M3 Metals 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.

M3 Metals's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (0.25	+	0.01)	/	2 )	/	0.001	*	365
=	0.13					/	0.001	*	365
=	47,450.00

M3 Metals'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
=	( (0.02	+	0.056)	/	2 )	/	0	*	365 / 4
=	0.038					/	0	*	365 / 4
=	N/A

M3 Metals Days Payable Related Terms

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M3 Metals (M3 Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » M3 Metals Corp (OTCPK:MLGCF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

X0V:Germany MT:Canada

Address

1455 Bellevue Avenue, Suite 300, Vancouver, BC, CAN, V7T 1C3

Website

https://www.m3metalscorp.com

M3 Metals Corp is a Canadian listed company. The company's business is to acquire, explore, and develop interests in mineral properties located in North America. Its only operating segment, being the acquisition and exploration of assets. The company's projects include Texas Spring project, G-South property and Lakshmi-Daggett Ridge project.

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