Sanatana Resources (TSXV:STA) Days Payable : 992.34 (As of Dec. 2023)

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What is Sanatana Resources Days Payable?

Sanatana Resources's average Accounts Payable for the three months ended in Dec. 2023 was C$0.09 Mil. Sanatana Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.01 Mil. Hence, Sanatana Resources's Days Payable for the three months ended in Dec. 2023 was 992.34.

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

TSXV:STA' s Days Payable Range Over the Past 10 Years
Min: 1500.56 Med: 12540.36 Max: 17930.63
Current: 1584.1

During the past 13 years, Sanatana Resources's highest Days Payable was 17930.63. The lowest was 1500.56. And the median was 12540.36.

TSXV:STA's Days Payable is ranked better than
71.25% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs TSXV:STA: 1584.10

Sanatana Resources's Days Payable declined from Dec. 2022 (5,090.45) to Dec. 2023 (992.34). It may suggest that Sanatana Resources accelerated paying its suppliers.

Sanatana Resources Days Payable Historical Data

The historical data trend for Sanatana 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.

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Sanatana Resources Days Payable Chart

Sanatana Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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7,100.91

10,813.13

17,930.63

2,555.00

1,500.56

Sanatana Resources 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															5,090.45	2,672.32	1,257.95	889.69	992.34

Competitive Comparison of Sanatana Resources's Days Payable

For the Gold subindustry, Sanatana 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.

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

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

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

Sanatana 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.

Sanatana Resources's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.096	+	0.126)	/	2 )	/	0.027	*	365
=	0.111					/	0.027	*	365
=	1,500.56

Sanatana 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
=	( (0.089	+	0.085)	/	2 )	/	0.008	*	365 / 4
=	0.087					/	0.008	*	365 / 4
=	992.34

Sanatana Resources Days Payable Related Terms

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Sanatana Resources (TSXV:STA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sanatana Resources Inc (TSXV:STA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SADMF:USA S3D1:Germany

Address

925 West Georgia Street, Suite 1910, Vancouver, BC, CAN, V6C 3L2

Website

https://www.sanatanaresources.com

Sanatana Resources Inc is a Canada based exploration stage company. Its business activities include the acquisition, exploration, and development of mineral properties. The properties of the company include Oweegee Dome Project, Gold Rush Project, and Santoy Property.

Executives

Peter Leighton Miles

Director, Senior Officer

Sanatana Resources (TSXV:STA) Headlines

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