Alphamin Resources (TSXV:AFM) Days Payable : 42.77 (As of Mar. 2024)

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What is Alphamin Resources Days Payable?

Alphamin Resources's average Accounts Payable for the three months ended in Mar. 2024 was C$39.3 Mil. Alphamin Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was C$83.8 Mil. Hence, Alphamin Resources's Days Payable for the three months ended in Mar. 2024 was 42.77.

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

TSXV:AFM' s Days Payable Range Over the Past 10 Years
Min: 15.61 Med: 88.45 Max: 262.3
Current: 32.59

During the past 13 years, Alphamin Resources's highest Days Payable was 262.30. The lowest was 15.61. And the median was 88.45.

TSXV:AFM's Days Payable is ranked worse than
83.32% of 1067 companies
in the Metals & Mining industry
Industry Median: 129.97 vs TSXV:AFM: 32.59

Alphamin Resources's Days Payable declined from Mar. 2023 (88.04) to Mar. 2024 (42.77). It may suggest that Alphamin Resources accelerated paying its suppliers.

Alphamin Resources Days Payable Historical Data

The historical data trend for Alphamin 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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Alphamin Resources Days Payable Chart

Alphamin Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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262.30

38.11

15.61

88.45

137.80

Alphamin Resources 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															88.04	13.19	17.54	74.41	42.77

Competitive Comparison of Alphamin Resources's Days Payable

For the Other Industrial Metals & Mining subindustry, Alphamin 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.

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

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

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

Alphamin 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.

Alphamin Resources's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (111.574	+	51.559)	/	2 )	/	216.056	*	365
=	81.5665					/	216.056	*	365
=	137.80

Alphamin Resources'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
=	( (51.559	+	26.976)	/	2 )	/	83.776	*	365 / 4
=	39.2675					/	83.776	*	365 / 4
=	42.77

Alphamin Resources Days Payable Related Terms

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Alphamin Resources (TSXV:AFM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alphamin Resources Corp (TSXV:AFM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

APH:South Africa AFMJF:USA 21L:Germany

Address

C/o Adansonia Management Services Limited, Suite 1, Perrieri Office Suites, C2-302, Level 3, La Croisette, Office Block C, Grand Baie, MUS, 30517

Website

https://www.alphaminresources.com

Alphamin Resources Corp is engaged in the business of production and sale of tin concentrate from the Bisie Tin mine in the Democratic Republic of the Congo (DRC). The company considers its business to consist of one reportable operating segment, the production and sale of tin from its Bisie tin mine.

Alphamin Resources (TSXV:AFM) Headlines

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