NextSource Materials (TSX:NEXT) Days Payable : 0.00 (As of Mar. 2024)

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What is NextSource Materials Days Payable?

NextSource Materials's average Accounts Payable for the three months ended in Mar. 2024 was C$0.00 Mil. NextSource Materials's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.41 Mil. Hence, NextSource Materials's Days Payable for the three months ended in Mar. 2024 was 0.00.

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

TSX:NEXT' s Days Payable Range Over the Past 10 Years
Min: 385.11 Med: 2030.52 Max: 10630.63
Current: 385.11

During the past 13 years, NextSource Materials's highest Days Payable was 10630.63. The lowest was 385.11. And the median was 2030.52.

TSX:NEXT's Days Payable is ranked better than
61.24% of 1068 companies
in the Metals & Mining industry
Industry Median: 131.36 vs TSX:NEXT: 385.11

NextSource Materials's Days Payable declined from Mar. 2023 (952.74) to Mar. 2024 (0.00). It may suggest that NextSource Materials accelerated paying its suppliers.

NextSource Materials Days Payable Historical Data

The historical data trend for NextSource Materials'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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NextSource Materials Days Payable Chart

NextSource Materials Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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424.62

410.74

6,140.11

730.00

NextSource Materials 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															952.74	671.24	-	-	-

Competitive Comparison of NextSource Materials's Days Payable

For the Other Industrial Metals & Mining subindustry, NextSource Materials'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.

NextSource Materials's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where NextSource Materials's Days Payable falls into.

NextSource Materials 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.

NextSource Materials'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
=	( (1.046	+	0)	/	1 )	/	0.523	*	365
=	1.046					/	0.523	*	365
=	730.00

NextSource Materials'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
=	( (0	+	0)	/	1 )	/	0.411	*	365 / 4
=	0					/	0.411	*	365 / 4
=	0.00

NextSource Materials Days Payable Related Terms

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NextSource Materials (TSX:NEXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NextSource Materials Inc (TSX:NEXT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NSRCF:USA 1JWA:Germany

Address

130 King Street West, Exchange Tower, Suite 1940, Toronto, ON, CAN, M5X 2A2

Website

https://www.nextsourcematerials.com

NextSource Materials Inc is a strategic materials development company based in Toronto, Canada. The company's Molo graphite project in Madagascar is one of the largest known and highest-quality graphite deposits globally, and contains SuperFlake graphite. The company also holds an interest in Green Giant Vanadium Project.