Arctic Minerals AB (OSTO:ARCT) Days Payable : 3,529.85 (As of Jun. 2023)

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What is Arctic Minerals AB Days Payable?

Arctic Minerals AB's average Accounts Payable for the six months ended in Jun. 2023 was kr1.16 Mil. Arctic Minerals AB's Cost of Goods Sold for the six months ended in Jun. 2023 was kr0.06 Mil. Hence, Arctic Minerals AB's Days Payable for the six months ended in Jun. 2023 was 3,529.85.

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

OSTO:ARCT' s Days Payable Range Over the Past 10 Years
Min: 3.26 Med: 47.51 Max: 32183.97
Current: 9175.28

During the past 13 years, Arctic Minerals AB's highest Days Payable was 32183.97. The lowest was 3.26. And the median was 47.51.

OSTO:ARCT's Days Payable is ranked better than
87.16% of 1067 companies
in the Metals & Mining industry
Industry Median: 131.81 vs OSTO:ARCT: 9175.28

Arctic Minerals AB's Days Payable declined from Jun. 2022 (18,645.42) to Jun. 2023 (3,529.85). It may suggest that Arctic Minerals AB accelerated paying its suppliers.

Arctic Minerals AB Days Payable Historical Data

The historical data trend for Arctic Minerals AB'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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Arctic Minerals AB Days Payable Chart

Arctic Minerals AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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32,183.97

9,699.65

Arctic Minerals AB Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															-	6,993.14	18,645.42	11,636.62	3,529.85

Competitive Comparison of Arctic Minerals AB's Days Payable

For the Other Industrial Metals & Mining subindustry, Arctic Minerals AB'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.

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

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

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

Arctic Minerals AB 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.

Arctic Minerals AB's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (5.456	+	0.975)	/	2 )	/	0.121	*	365
=	3.2155					/	0.121	*	365
=	9,699.65

Arctic Minerals AB's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.975	+	1.346)	/	2 )	/	0.06	*	365 / 2
=	1.1605					/	0.06	*	365 / 2
=	3,529.85

Arctic Minerals AB Days Payable Related Terms

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Arctic Minerals AB (OSTO:ARCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arctic Minerals AB (OSTO:ARCT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Box 2189, Stockholm, SWE, 103 15

Website

https://www.arcticminerals.se

Arctic Minerals AB is a mineral exploration and mining company. The company is engaged in the exploration of gold and copper deposits in its Bidjovagge property, located in northern Norway.