Colonial Coal International (TSXV:CAD) Days Payable : 235.33 (As of Jan. 2024)

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What is Colonial Coal International Days Payable?

Colonial Coal International's average Accounts Payable for the three months ended in Jan. 2024 was C$0.05 Mil. Colonial Coal International's Cost of Goods Sold for the three months ended in Jan. 2024 was C$0.02 Mil. Hence, Colonial Coal International's Days Payable for the three months ended in Jan. 2024 was 235.33.

The historical rank and industry rank for Colonial Coal International's Days Payable or its related term are showing as below:

TSXV:CAD' s Days Payable Range Over the Past 10 Years
Min: 358.24 Med: 15877.5 Max: 45625
Current: 383.93

During the past 13 years, Colonial Coal International's highest Days Payable was 45625.00. The lowest was 358.24. And the median was 15877.50.

TSXV:CAD's Days Payable is ranked better than
97.96% of 588 companies
in the Steel industry
Industry Median: 39.865 vs TSXV:CAD: 383.93

Colonial Coal International's Days Payable declined from Jan. 2023 (707.19) to Jan. 2024 (235.33). It may suggest that Colonial Coal International accelerated paying its suppliers.

Colonial Coal International Days Payable Historical Data

The historical data trend for Colonial Coal International'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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Colonial Coal International Days Payable Chart

Colonial Coal International Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Days Payable

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14,660.83

16,790.00

441.27

358.24

588.47

Colonial Coal International Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															707.19	425.83	585.52	622.16	235.33

Competitive Comparison of Colonial Coal International's Days Payable

For the Coking Coal subindustry, Colonial Coal International'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.

Colonial Coal International's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Colonial Coal International's Days Payable distribution charts can be found below:

* The bar in red indicates where Colonial Coal International's Days Payable falls into.

Colonial Coal International 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.

Colonial Coal International's Days Payable for the fiscal year that ended in Jul. 2023 is calculated as

	Days Payable (A: Jul. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jul. 2022 )	+	Accounts Payable (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (0.084	+	0.074)	/	2 )	/	0.049	*	365
=	0.079					/	0.049	*	365
=	588.47

Colonial Coal International's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (0.076	+	0.022)	/	2 )	/	0.019	*	365 / 4
=	0.049					/	0.019	*	365 / 4
=	235.33

Colonial Coal International Days Payable Related Terms

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Colonial Coal International (TSXV:CAD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Colonial Coal International Corp (TSXV:CAD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CCARF:USA COX:Germany

Address

595 Howe Street, Suite 200, Vancouver, BC, CAN, V6C 2T5

Website

https://www.ccoal.ca

Colonial Coal International Corp is an pure-play metallurgical coal development company. Principally, it is engaged in the acquisition, exploration, and development of coal properties located in Canada. Its projects include the Flatbed project; Huguenot project as well as Watson Island. It holds interests in two resource-stage coal properties in the Peace River Coalfield of northeastern British Columbia, Canada: namely, the Huguenot and Flatbed properties.