Luca Mining (TSXV:LUCA) Days Payable : 71.81 (As of Dec. 2023)

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What is Luca Mining Days Payable?

Luca Mining's average Accounts Payable for the three months ended in Dec. 2023 was C$13.23 Mil. Luca Mining's Cost of Goods Sold for the three months ended in Dec. 2023 was C$16.81 Mil. Hence, Luca Mining's Days Payable for the three months ended in Dec. 2023 was 71.81.

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

TSXV:LUCA' s Days Payable Range Over the Past 10 Years
Min: 53.24 Med: 66.7 Max: 31645.5
Current: 66.93

During the past 13 years, Luca Mining's highest Days Payable was 31645.50. The lowest was 53.24. And the median was 66.70.

TSXV:LUCA's Days Payable is ranked worse than
65.82% of 1068 companies
in the Metals & Mining industry
Industry Median: 135.555 vs TSXV:LUCA: 66.93

Luca Mining's Days Payable increased from Dec. 2022 (58.44) to Dec. 2023 (71.81). It may suggest that Luca Mining delayed paying its suppliers.

Luca Mining Days Payable Historical Data

The historical data trend for Luca 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.

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Luca Mining Days Payable Chart

Luca Mining Annual Data

Trend

Feb14

Feb15

Feb16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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53.24

56.37

66.70

Luca Mining 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															58.44	59.50	61.43	75.97	71.81

Competitive Comparison of Luca Mining's Days Payable

For the Other Industrial Metals & Mining subindustry, Luca 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.

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

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

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

Luca 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.

Luca Mining'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
=	( (12.19	+	12.226)	/	2 )	/	66.806	*	365
=	12.208					/	66.806	*	365
=	66.70

Luca Mining'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
=	( (14.225	+	12.226)	/	2 )	/	16.805	*	365 / 4
=	13.2255					/	16.805	*	365 / 4
=	71.81

Luca Mining Days Payable Related Terms

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Luca Mining (TSXV:LUCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Luca Mining Corp (TSXV:LUCA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

LUCMF:USA Z68:Germany

Address

1111 Melville Street, Suite 1000, Vancouver, BC, CAN, V6E 3V6

Website

https://www.lucamining.com

Luca Mining Corp is a Canadian-based mining company engages s the production of base metals and the acquisition, exploration and development of resource properties in Mexico. Luca Mining is currently in commercial production at its 100% owned Campo Morado Mine, processing approximately 2,000 tons per day through the mine milling facilities producing zinc and copper concentrates with gold, silver, and lead as by-products. In addition, Luca owns a 100% interest in the Tahuehueto Project.

Executives

Ramon Perez

Senior Officer

Luca Mining (TSXV:LUCA) Headlines

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