Monarch Mining (TSX:GBAR) Days Payable : 0.00 (As of Sep. 2023)

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What is Monarch Mining Days Payable?

Monarch Mining's average Accounts Payable for the three months ended in Sep. 2023 was C$0.00 Mil. Monarch Mining's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.09 Mil. Hence, Monarch Mining's Days Payable for the three months ended in Sep. 2023 was 0.00.

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

TSX:GBAR' s Days Payable Range Over the Past 10 Years
Min: 257.48 Med: 257.48 Max: 3451.6
Current: 3451.6

During the past 3 years, Monarch Mining's highest Days Payable was 3451.60. The lowest was 257.48. And the median was 257.48.

TSX:GBAR's Days Payable is not ranked
in the Metals & Mining industry.
Industry Median: 136.225 vs TSX:GBAR: 3451.60

Monarch Mining's Days Payable declined from Sep. 2022 (96.21) to Sep. 2023 (0.00). It may suggest that Monarch Mining accelerated paying its suppliers.

Monarch Mining Days Payable Historical Data

The historical data trend for Monarch 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.

* Premium members only.

Monarch Mining Days Payable Chart

Monarch Mining Annual Data

Trend

Jun21

Jun22

Jun23

Days Payable

257.48

Monarch Mining Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial								96.21	2,105.33	-	1,631.04	-

Competitive Comparison of Monarch Mining's Days Payable

For the Gold subindustry, Monarch 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.

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

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

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

Monarch 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.

Monarch Mining'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
=	( (12.973	+	0)	/	1 )	/	18.39	*	365
=	12.973					/	18.39	*	365
=	257.48

Monarch Mining's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.09	*	365 / 4
=	0					/	0.09	*	365 / 4
=	0.00

Monarch Mining Days Payable Related Terms

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Monarch Mining (TSX:GBAR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

68, Avenue de la Gare, Bureau 205, Saint-Saveur, QC, CAN, J0R 1R0

Website

https://www.monarchmining.com

Monarch Mining Corp is a fully integrated mining company that owns around four projects, including the Beaufor Mine. Its other assets include the Croinor Gold, Beacon property and mill, McKenzie Break and Swanson properties, all located near Monarch's wholly-owned 750 tpd Mill. The company is mainly focused on gold projects.

Monarch Mining (TSX:GBAR) Headlines

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