Peloton Minerals (XCNQ:PMC) Days Payable : 4,288.75 (As of Mar. 2024)

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What is Peloton Minerals Days Payable?

Peloton Minerals's average Accounts Payable for the three months ended in Mar. 2024 was C$0.14 Mil. Peloton Minerals's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.00 Mil. Hence, Peloton Minerals's Days Payable for the three months ended in Mar. 2024 was 4,288.75.

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

XCNQ:PMC' s Days Payable Range Over the Past 10 Years
Min: 638.75 Med: 1944.6 Max: 7984.38
Current: 6833.61

During the past 13 years, Peloton Minerals's highest Days Payable was 7984.38. The lowest was 638.75. And the median was 1944.60.

XCNQ:PMC's Days Payable is ranked better than
87.99% of 1066 companies
in the Metals & Mining industry
Industry Median: 137.515 vs XCNQ:PMC: 6833.61

Peloton Minerals's Days Payable declined from Dec. 2022 (6,737.29) to Mar. 2024 (4,288.75). It may suggest that Peloton Minerals accelerated paying its suppliers.

Peloton Minerals Days Payable Historical Data

The historical data trend for Peloton Minerals'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.

* Premium members only.

Peloton Minerals Days Payable Chart

Peloton Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1,383.96

638.75

684.38

6,433.13

7,984.38

Peloton Minerals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															6,737.29	9,155.42	5,961.67	4,790.63	4,288.75

Competitive Comparison of Peloton Minerals's Days Payable

For the Gold subindustry, Peloton Minerals'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.

Peloton Minerals's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Peloton Minerals's Days Payable falls into.

Peloton Minerals 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.

Peloton Minerals'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
=	( (0.395	+	0.13)	/	2 )	/	0.012	*	365
=	0.2625					/	0.012	*	365
=	7,984.38

Peloton Minerals's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.13	+	0.152)	/	2 )	/	0.003	*	365 / 4
=	0.141					/	0.003	*	365 / 4
=	4,288.75

Peloton Minerals Days Payable Related Terms

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

Peloton Minerals (XCNQ:PMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Peloton Minerals Corp (XCNQ:PMC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PMCCF:USA

Address

380 Wellington Street, London City Centre, 6th Floor, Tower B, London, ON, CAN, N6A 5B5

Website

https://www.pelotonminerals.com

Peloton Minerals Corp is a Canada based company. The company is an exploration stage company that is engaged in the business of locating and exploring mineral properties. The company holds three Carlin-style gold exploration projects situated on the Carlin and Long Canyon Gold Trends in Elko County, Nevada, all of which are permitted for drilling.

Executives

Edward Leith Ellwood

Senior Officer

Peloton Minerals (XCNQ:PMC) Headlines

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