Premium Nickel Resources (TSXV:PNRL) Days Payable : 2,539.98 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Premium Nickel Resources Days Payable?

Premium Nickel Resources's average Accounts Payable for the three months ended in Dec. 2023 was C$2.20 Mil. Premium Nickel Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.08 Mil. Hence, Premium Nickel Resources's Days Payable for the three months ended in Dec. 2023 was 2,539.98.

The historical rank and industry rank for Premium Nickel Resources's Days Payable or its related term are showing as below:

TSXV:PNRL' s Days Payable Range Over the Past 10 Years
Min: 3016.3 Med: 7298.12 Max: 15121.43
Current: 3016.3

During the past 5 years, Premium Nickel Resources's highest Days Payable was 15121.43. The lowest was 3016.30. And the median was 7298.12.

TSXV:PNRL's Days Payable is ranked better than
77.53% of 1068 companies
in the Metals & Mining industry
Industry Median: 131.36 vs TSXV:PNRL: 3016.30

Premium Nickel Resources's Days Payable declined from Dec. 2022 (2,719.44) to Dec. 2023 (2,539.98). It may suggest that Premium Nickel Resources accelerated paying its suppliers.

Premium Nickel Resources Days Payable Historical Data

The historical data trend for Premium Nickel Resources'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.

Premium Nickel Resources Days Payable Chart

Premium Nickel Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

15,121.43

7,298.12

3,124.73

Premium Nickel Resources Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial								2,719.44	7,112.54	6,810.57	1,251.11	2,539.98

Competitive Comparison of Premium Nickel Resources's Days Payable

For the Other Industrial Metals & Mining subindustry, Premium Nickel Resources'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.

Premium Nickel Resources's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Premium Nickel Resources's Days Payable falls into.

Premium Nickel Resources 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.

Premium Nickel Resources'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
=	( (3.661	+	2.383)	/	2 )	/	0.353	*	365
=	3.022					/	0.353	*	365
=	3,124.73

Premium Nickel Resources'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
=	( (2.015	+	2.383)	/	2 )	/	0.079	*	365 / 4
=	2.199					/	0.079	*	365 / 4
=	2,539.98

Premium Nickel Resources Days Payable Related Terms

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

Premium Nickel Resources (TSXV:PNRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Premium Nickel Resources Ltd (TSXV:PNRL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PNRLF:USA O8S:Germany

Address

100 King Street West, One First Canadian Place, Suite 3400, Toronto, ON, CAN, M5X 1A4

Website

https://www.premiumnickelresources.ca

Premium Nickel Resources Ltd is a Canadian company dedicated to the exploration and development of high-quality nickel copper + cobalt resources. The company focuses its efforts on discovering nickel sulphide assets in Botswana, Greenland, and Canada. It has one reportable operating segment being that of the acquisition, exploration and development of mineral properties in three geographic segments being Botswana, Greenland and Canada.

Executives

Richard William Keith Morrison

Director, Senior Officer

Premium Nickel Resources (TSXV:PNRL) Headlines

No Headlines