Sigma Lithium (TSXV:SGML) Days Payable : 118.98 (As of Dec. 2023)

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What is Sigma Lithium Days Payable?

Sigma Lithium's average Accounts Payable for the three months ended in Dec. 2023 was C$59.0 Mil. Sigma Lithium's Cost of Goods Sold for the three months ended in Dec. 2023 was C$45.2 Mil. Hence, Sigma Lithium's Days Payable for the three months ended in Dec. 2023 was 118.98.

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

TSXV:SGML' s Days Payable Range Over the Past 10 Years
Min: 150.15 Med: 15221.74 Max: 31970.68
Current: 150.15

During the past 12 years, Sigma Lithium's highest Days Payable was 31970.68. The lowest was 150.15. And the median was 15221.74.

TSXV:SGML's Days Payable is ranked better than
52.39% of 1069 companies
in the Metals & Mining industry
Industry Median: 129.08 vs TSXV:SGML: 150.15

Sigma Lithium's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (118.98). It may suggest that Sigma Lithium delayed paying its suppliers.

Sigma Lithium Days Payable Historical Data

The historical data trend for Sigma 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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Sigma Lithium Days Payable Chart

Sigma Lithium Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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13,134.63

15,221.74

17,331.21

192.50

Sigma Lithium 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															-	66,152.22	51,033.23	67.46	118.98

Competitive Comparison of Sigma Lithium's Days Payable

For the Other Industrial Metals & Mining subindustry, Sigma 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.

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

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

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

Sigma 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.

Sigma Lithium'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
=	( (26.243	+	71.152)	/	2 )	/	92.335	*	365
=	48.6975					/	92.335	*	365
=	192.50

Sigma Lithium'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
=	( (46.824	+	71.152)	/	2 )	/	45.239	*	365 / 4
=	58.988					/	45.239	*	365 / 4
=	118.98

Sigma Lithium Days Payable Related Terms

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Sigma Lithium (TSXV:SGML) Business Description

Industry

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SGML:USA S2GM34:Brazil

Address

Avenida Nove de Julho 4939, 9th Floor, Torre Europa, Itaim, Sao Paulo, SP, BRA, 01407-200

Website

https://www.sigmalithiumresources.com

Sigma Lithium Corp is dedicated to powering the next generation of electric vehicle batteries with environmentally sustainable and high-purity lithium. The company is in construction at its wholly owned Grota do Cirilo Project in Brazil, one of the largest and highest-grade hard rock lithium spodumene deposits in the Americas. It is committed to strong ESG practices and is aiming to be net zero emissions by 2024. Its green-friendly processing plant will use 100% renewable energy, 100% recycled water and 100% dry-stack tailings.