Canada Rare Earth (TSXV:LL) Days Payable : 41.46 (As of Dec. 2023)

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What is Canada Rare Earth Days Payable?

Canada Rare Earth's average Accounts Payable for the three months ended in Dec. 2023 was C$0.25 Mil. Canada Rare Earth's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.56 Mil. Hence, Canada Rare Earth's Days Payable for the three months ended in Dec. 2023 was 41.46.

The historical rank and industry rank for Canada Rare Earth's Days Payable or its related term are showing as below:

TSXV:LL' s Days Payable Range Over the Past 10 Years
Min: 49.91 Med: 103.75 Max: 457.04
Current: 71.37

During the past 13 years, Canada Rare Earth's highest Days Payable was 457.04. The lowest was 49.91. And the median was 103.75.

TSXV:LL's Days Payable is ranked worse than
64.14% of 1068 companies
in the Metals & Mining industry
Industry Median: 135.555 vs TSXV:LL: 71.37

Canada Rare Earth's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (41.46). It may suggest that Canada Rare Earth delayed paying its suppliers.

Canada Rare Earth Days Payable Historical Data

The historical data trend for Canada Rare Earth'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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Canada Rare Earth Days Payable Chart

Canada Rare Earth Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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103.75

Canada Rare Earth Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															-	-	-	-	41.46

Competitive Comparison of Canada Rare Earth's Days Payable

For the Other Industrial Metals & Mining subindustry, Canada Rare Earth'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.

Canada Rare Earth's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Canada Rare Earth's Days Payable falls into.

Canada Rare Earth 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.

Canada Rare Earth's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	4.08	*	365
=	0					/	4.08	*	365
=	0.00

Canada Rare Earth's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	0.254)	/	1 )	/	0.559	*	365 / 4
=	0.254					/	0.559	*	365 / 4
=	41.46

Canada Rare Earth Days Payable Related Terms

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Canada Rare Earth (TSXV:LL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canada Rare Earth Corp (TSXV:LL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RAREF:USA

Address

650 West Georgia Street, Suite 2110, Vancouver, BC, CAN, V6B 4N8

Website

http://www.canadarareearth.com

Canada Rare Earth Corp is a Canada-based development stage company. The company is engaged in developing an integrated business within the rare earth industry from the initial mandate of acquiring and exploring mineral property interests. It's only reportable segment is the sale of oxides and rare earth concentrate. Geographically, it derives a majority of revenue from Asia.

Executives

Tracy Allin Moore

Director