Zonte Metals (TSXV:ZON) Days Payable : 1,049.38 (As of Oct. 2023)

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What is Zonte Metals Days Payable?

Zonte Metals's average Accounts Payable for the three months ended in Oct. 2023 was C$0.02 Mil. Zonte Metals's Cost of Goods Sold for the three months ended in Oct. 2023 was C$0.00 Mil. Hence, Zonte Metals's Days Payable for the three months ended in Oct. 2023 was 1,049.38.

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

TSXV:ZON' s Days Payable Range Over the Past 10 Years
Min: 730 Med: 2760.32 Max: 9855
Current: 1925.38

During the past 13 years, Zonte Metals's highest Days Payable was 9855.00. The lowest was 730.00. And the median was 2760.32.

TSXV:ZON's Days Payable is ranked better than
72.4% of 1069 companies
in the Metals & Mining industry
Industry Median: 129.08 vs TSXV:ZON: 1925.38

Zonte Metals's Days Payable increased from Oct. 2022 (1,026.56) to Oct. 2023 (1,049.38). It may suggest that Zonte Metals delayed paying its suppliers.

Zonte Metals Days Payable Historical Data

The historical data trend for Zonte 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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Zonte Metals Days Payable Chart

Zonte Metals Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Days Payable

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5,365.50

4,217.78

3,421.88

1,163.44

2,098.75

Zonte Metals Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Days Payable	Get a 7-Day Free Trial															1,026.56	1,916.25	3,262.19	2,190.00	1,049.38

Competitive Comparison of Zonte Metals's Days Payable

For the Gold subindustry, Zonte 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.

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

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

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

Zonte 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.

Zonte Metals's Days Payable for the fiscal year that ended in Jan. 2023 is calculated as

	Days Payable (A: Jan. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2022 )	+	Accounts Payable (A: Jan. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2023 )	*	Days in Period
=	( (0.03	+	0.062)	/	2 )	/	0.008	*	365
=	0.046					/	0.008	*	365
=	2,098.75

Zonte Metals's Days Payable for the quarter that ended in Oct. 2023 is calculated as:

	Days Payable (Q: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2023 )	+	Accounts Payable (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (0.015	+	0.031)	/	2 )	/	0.002	*	365 / 4
=	0.023					/	0.002	*	365 / 4
=	1,049.38

Zonte Metals Days Payable Related Terms

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

Zonte Metals (TSXV:ZON) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

EREPF:USA 31E:Germany

Address

20 Fielding Avenue, Dartmouth, NS, CAN, B3B 1E1

Website

https://www.zontemetals.com

Zonte Metals Inc is a Canada-based junior mineral exploration company focused on gold. The company holds interest in various projects namely Wings Point, McConnell's Jest, and Cross Hills.

Executives

Kevin Terry Christopher

Director

Zonte Metals (TSXV:ZON) Headlines

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