Magna Mining (TSXV:NICU) Days Payable : 3,306.61 (As of Dec. 2023)

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What is Magna Mining Days Payable?

Magna Mining's average Accounts Payable for the three months ended in Dec. 2023 was C$0.69 Mil. Magna Mining's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.02 Mil. Hence, Magna Mining's Days Payable for the three months ended in Dec. 2023 was 3,306.61.

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

TSXV:NICU' s Days Payable Range Over the Past 10 Years
Min: 4389.42 Med: 6866.57 Max: 23238.33
Current: 4389.42

During the past 4 years, Magna Mining's highest Days Payable was 23238.33. The lowest was 4389.42. And the median was 6866.57.

TSXV:NICU's Days Payable is ranked better than
81.16% of 1067 companies
in the Metals & Mining industry
Industry Median: 128.35 vs TSXV:NICU: 4389.42

Magna Mining's Days Payable declined from Dec. 2022 (7,751.69) to Dec. 2023 (3,306.61). It may suggest that Magna Mining accelerated paying its suppliers.

Magna Mining Days Payable Historical Data

The historical data trend for Magna 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.

Magna Mining Days Payable Chart

Magna Mining Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

23,238.33

6,159.38

7,573.75

5,316.05

Magna Mining Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial											7,751.69	6,777.07	4,471.25	2,766.02	3,306.61

Competitive Comparison of Magna Mining's Days Payable

For the Other Industrial Metals & Mining subindustry, Magna 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.

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

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

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

Magna 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.

Magna 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
=	( (0.979	+	0.827)	/	2 )	/	0.062	*	365
=	0.903					/	0.062	*	365
=	5,316.05

Magna 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
=	( (0.55	+	0.827)	/	2 )	/	0.019	*	365 / 4
=	0.6885					/	0.019	*	365 / 4
=	3,306.61

Magna Mining Days Payable Related Terms

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Magna Mining (TSXV:NICU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magna Mining Inc (TSXV:NICU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MGMNF:USA 8YD:Germany

Address

45 Oak Street, Box 103, Dowling, ON, CAN, P0M 1R0

Website

https://www.magnamining.com

Magna Mining Inc is a Sudbury-focused base metal exploration and development company. It is prospective for nickel, copper, and PGM discoveries. Its projects include the Shakespeare Project and the Shining Tree Project. It has one reportable operating segment, being the acquisition, exploration and development of mineral properties. The Company's assets are located in Canada.

Magna Mining (TSXV:NICU) Headlines

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