Solis Minerals (ASX:SLM) Days Payable : 5,395.16 (As of Feb. 2024)

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What is Solis Minerals Days Payable?

Solis Minerals's average Accounts Payable for the three months ended in Feb. 2024 was A$0.71 Mil. Solis Minerals's Cost of Goods Sold for the three months ended in Feb. 2024 was A$0.01 Mil. Hence, Solis Minerals's Days Payable for the three months ended in Feb. 2024 was 5,395.16.

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

ASX:SLM' s Days Payable Range Over the Past 10 Years
Min: 999.07 Med: 20549.5 Max: 69076.25
Current: 6451.69

During the past 13 years, Solis Minerals's highest Days Payable was 69076.25. The lowest was 999.07. And the median was 20549.50.

ASX:SLM's Days Payable is ranked better than
84.74% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs ASX:SLM: 6451.69

Solis Minerals's Days Payable increased from Feb. 2023 (0.00) to Feb. 2024 (5,395.16). It may suggest that Solis Minerals delayed paying its suppliers.

Solis Minerals Days Payable Historical Data

The historical data trend for Solis 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.

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Solis Minerals Days Payable Chart

Solis Minerals Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Payable

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21,827.00

987.21

1,033.36

74,825.00

71,083.75

Solis Minerals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															-	-	6,421.72	6,307.66	5,395.16

Competitive Comparison of Solis Minerals's Days Payable

For the Copper subindustry, Solis 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.

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

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

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

Solis 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.

Solis Minerals's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (0.416	+	0.363)	/	2 )	/	0.002	*	365
=	0.3895					/	0.002	*	365
=	71,083.75

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

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (0.896	+	0.523)	/	2 )	/	0.012	*	365 / 4
=	0.7095					/	0.012	*	365 / 4
=	5,395.16

Solis Minerals Days Payable Related Terms

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Solis Minerals (ASX:SLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Solis Minerals Ltd (ASX:SLM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SLMFF:USA 08W:Germany SLMN:Canada

Address

Unit 3, 32 Harrogate Street, West Leederville, Perth, WA, AUS, 6017

Website

https://solisminerals.com

Solis Minerals Ltd is a resource exploration company engaged in the acquisition, exploration, and development of mineral resource properties. The Company operates in a single reportable operating segment being the exploration and development of mineral properties. The company is focused on the acquisition of the Mostazal copper project located in Chile. It also holds an interest in Ilo Este and Ilo Norte Project in Peru.