Tectonic Metals (TSXV:TECT) Days Payable : 65,973.75 (As of Dec. 2023)

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What is Tectonic Metals Days Payable?

Tectonic Metals's average Accounts Payable for the three months ended in Dec. 2023 was C$0.72 Mil. Tectonic Metals's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.00 Mil. Hence, Tectonic Metals's Days Payable for the three months ended in Dec. 2023 was 65,973.75.

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

TSXV:TECT' s Days Payable Range Over the Past 10 Years
Min: 2243.92 Med: 3487.23 Max: 17627.84
Current: 17627.84

During the past 6 years, Tectonic Metals's highest Days Payable was 17627.84. The lowest was 2243.92. And the median was 3487.23.

TSXV:TECT's Days Payable is ranked better than
92.31% of 1067 companies
in the Metals & Mining industry
Industry Median: 128.35 vs TSXV:TECT: 17627.84

Tectonic Metals's Days Payable increased from Sep. 2022 (4,724.72) to Dec. 2023 (65,973.75). It may suggest that Tectonic Metals delayed paying its suppliers.

Tectonic Metals Days Payable Historical Data

The historical data trend for Tectonic Metals'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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Tectonic Metals Days Payable Chart

Tectonic Metals Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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3,311.07

3,579.81

2,243.92

3,487.23

14,089.00

Tectonic Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															4,724.72	4,724.72	3,872.42	22,059.69	65,973.75

Competitive Comparison of Tectonic Metals's Days Payable

For the Gold subindustry, Tectonic Metals'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.

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

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

* The bar in red indicates where Tectonic Metals's Days Payable falls into.

Tectonic Metals 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.

Tectonic Metals'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
=	( (0.409	+	0.749)	/	2 )	/	0.015	*	365
=	0.579					/	0.015	*	365
=	14,089.00

Tectonic Metals'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
=	( (0.697	+	0.749)	/	2 )	/	0.001	*	365 / 4
=	0.723					/	0.001	*	365 / 4
=	65,973.75

Tectonic Metals Days Payable Related Terms

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Tectonic Metals (TSXV:TECT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TETOF:USA T15B:Germany

Address

744 West Hastings Street, Suite 312, Vancouver, BC, CAN, V6C 1A5

Website

https://www.tectonicmetals.com

Tectonic Metals Inc is a mineral exploration company engaged, in the identification, acquisition and exploration of mineral properties in the State of Alaska. The company's exploration is focused on discovering and delineating gold resources. Its properties portfolio includes the Tibbs Property; the Seventymile Property; the Maple Leaf property and the Northway Property.

Tectonic Metals (TSXV:TECT) Headlines

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