Rock Tech Lithium (TSXV:RCK) Days Payable : 1,711.60 (As of Sep. 2023)

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What is Rock Tech Lithium Days Payable?

Rock Tech Lithium's average Accounts Payable for the three months ended in Sep. 2023 was C$1.93 Mil. Rock Tech Lithium's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.10 Mil. Hence, Rock Tech Lithium's Days Payable for the three months ended in Sep. 2023 was 1,711.60.

The historical rank and industry rank for Rock Tech Lithium's Days Payable or its related term are showing as below:

TSXV:RCK' s Days Payable Range Over the Past 10 Years
Min: 2745.84 Med: 28317.92 Max: 172097.5
Current: 2745.84

During the past 13 years, Rock Tech Lithium's highest Days Payable was 172097.50. The lowest was 2745.84. And the median was 28317.92.

TSXV:RCK's Days Payable is ranked better than
76.1% of 1071 companies
in the Metals & Mining industry
Industry Median: 130.91 vs TSXV:RCK: 2745.84

Rock Tech Lithium's Days Payable declined from Sep. 2022 (5,077.49) to Sep. 2023 (1,711.60). It may suggest that Rock Tech Lithium accelerated paying its suppliers.

Rock Tech Lithium Days Payable Historical Data

The historical data trend for Rock Tech Lithium'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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Rock Tech Lithium Days Payable Chart

Rock Tech Lithium Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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51,921.25

44,803.75

172,097.50

22,805.39

8,102.07

Rock Tech Lithium Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															5,077.49	4,571.35	2,776.89	1,980.63	1,711.60

Competitive Comparison of Rock Tech Lithium's Days Payable

For the Other Industrial Metals & Mining subindustry, Rock Tech Lithium'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.

Rock Tech Lithium's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Rock Tech Lithium's Days Payable falls into.

Rock Tech Lithium 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.

Rock Tech Lithium's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (8.902	+	3.351)	/	2 )	/	0.276	*	365
=	6.1265					/	0.276	*	365
=	8,102.07

Rock Tech Lithium's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (2.568	+	1.296)	/	2 )	/	0.103	*	365 / 4
=	1.932					/	0.103	*	365 / 4
=	1,711.60

Rock Tech Lithium Days Payable Related Terms

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Rock Tech Lithium (TSXV:RCK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rock Tech Lithium Inc (TSXV:RCK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RCKTF:USA RJIB:Germany

Address

777 Hornby Street, Suite 600, Vancouver, BC, CAN, V6Z 1S4

Website

https://www.rocktechlithium.com

Rock Tech Lithium Inc is a Canada-based mineral exploration company. It focuses on acquiring and exploring properties in the field of lithium and other selected battery metals. The company holds a 100% interest in the Georgia Lake lithium project in the Thunder Bay Mining District of Ontario. The company operates in two geographical segments namely; Canada and Germany.

Rock Tech Lithium (TSXV:RCK) Headlines

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