Clean Air Metals (Clean Air Metals) Days Payable : 1,391.56 (As of Oct. 2023)

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What is Clean Air Metals Days Payable?

Clean Air Metals's average Accounts Payable for the three months ended in Oct. 2023 was $0.09 Mil. Clean Air Metals's Cost of Goods Sold for the three months ended in Oct. 2023 was $0.01 Mil. Hence, Clean Air Metals's Days Payable for the three months ended in Oct. 2023 was 1,391.56.

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

CLRMF' s Days Payable Range Over the Past 10 Years
Min: 5637.22 Med: 9909.75 Max: 10153.64
Current: 5840

During the past 5 years, Clean Air Metals's highest Days Payable was 10153.64. The lowest was 5637.22. And the median was 9909.75.

CLRMF's Days Payable is ranked better than
83.8% of 1068 companies
in the Metals & Mining industry
Industry Median: 135.555 vs CLRMF: 5840.00

Clean Air Metals's Days Payable declined from Oct. 2022 (9,216.25) to Oct. 2023 (1,391.56). It may suggest that Clean Air Metals accelerated paying its suppliers.

Clean Air Metals Days Payable Historical Data

The historical data trend for Clean Air 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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Clean Air Metals Days Payable Chart

Clean Air Metals Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Days Payable

5,683.57

9,797.97

10,858.75

Clean Air 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															9,216.25	9,113.59	7,436.88	10,767.50	1,391.56

Competitive Comparison of Clean Air Metals's Days Payable

For the Other Precious Metals & Mining subindustry, Clean Air 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.

Clean Air Metals's Days Payable Distribution in the Metals & Mining Industry

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

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

Clean Air 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.

Clean Air 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
=	( (0.677	+	0.275)	/	2 )	/	0.016	*	365
=	0.476					/	0.016	*	365
=	10,858.75

Clean Air 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
=	( (0.095	+	0.088)	/	2 )	/	0.006	*	365 / 4
=	0.0915					/	0.006	*	365 / 4
=	1,391.56

Clean Air Metals Days Payable Related Terms

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Clean Air Metals (Clean Air Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Clean Air Metals Inc (OTCPK:CLRMF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AIR:Canada

Address

100 King Street West, Suite 3400, Toronto, ON, CAN, M5X 1A4

Website

https://www.cleanairmetals.ca

Clean Air Metals Inc is engaged in mineral exploration and evaluation. The projects of the company include Thunder Bay North Property, Located approximately 50km northeast of the city of Thunder Bay, within the Thunder Bay Mining Division, in Ontario, Canada and Triple Flag Net Smelter Royalty.