Mako Mining (TSXV:MKO) Days Payable : 65.95 (As of Mar. 2024)

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What is Mako Mining Days Payable?

Mako Mining's average Accounts Payable for the three months ended in Mar. 2024 was C$9.96 Mil. Mako Mining's Cost of Goods Sold for the three months ended in Mar. 2024 was C$13.77 Mil. Hence, Mako Mining's Days Payable for the three months ended in Mar. 2024 was 65.95.

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

TSXV:MKO' s Days Payable Range Over the Past 10 Years
Min: 53.47 Med: 5651.34 Max: 63145
Current: 85.98

During the past 13 years, Mako Mining's highest Days Payable was 63145.00. The lowest was 53.47. And the median was 5651.34.

TSXV:MKO's Days Payable is ranked worse than
58.52% of 1068 companies
in the Metals & Mining industry
Industry Median: 133.65 vs TSXV:MKO: 85.98

Mako Mining's Days Payable declined from Mar. 2023 (85.50) to Mar. 2024 (65.95). It may suggest that Mako Mining accelerated paying its suppliers.

Mako Mining Days Payable Historical Data

The historical data trend for Mako 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.

* Premium members only.

Mako Mining Days Payable Chart

Mako Mining Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Dec20

Dec21

Dec22

Dec23

Days Payable

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276.48

5,651.34

74.95

53.47

73.79

Mako Mining Quarterly Data
	Apr19	Jul19	Oct19	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															85.50	91.82	122.46	66.44	65.95

Competitive Comparison of Mako Mining's Days Payable

For the Gold subindustry, Mako 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.

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

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

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

Mako 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.

Mako 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
=	( (14.804	+	7.948)	/	2 )	/	56.271	*	365
=	11.376					/	56.271	*	365
=	73.79

Mako Mining'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
=	( (7.948	+	11.962)	/	2 )	/	13.774	*	365 / 4
=	9.955					/	13.774	*	365 / 4
=	65.95

Mako Mining Days Payable Related Terms

Thank you for viewing the detailed overview of Mako Mining's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Mako Mining (TSXV:MKO) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

MAKOF:USA GQR0:Germany

Address

838 West Hastings Street, Suite 700, Vancouver, BC, CAN, V6C 0A6

Website

https://www.makominingcorp.com

Mako Mining Corp is a gold mining, development, and exploration firm. It's developing its high-grade San Albino gold project in Nueva Segovia, Nicaragua. Its primary objective is to bring San Albino into production quickly and efficiently while continuing the exploration of prospective targets in Nicaragua.

Executives

Jesse Munoz

Director or Senior Officer of 10% Security Holder

Mako Mining (TSXV:MKO) Headlines

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