Treasury Metals (Treasury Metals) Days Payable : 631.55 (As of Dec. 2023)

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What is Treasury Metals Days Payable?

Treasury Metals's average Accounts Payable for the three months ended in Dec. 2023 was $0.26 Mil. Treasury Metals's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.04 Mil. Hence, Treasury Metals's Days Payable for the three months ended in Dec. 2023 was 631.55.

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

TSRMF' s Days Payable Range Over the Past 10 Years
Min: 494.46 Med: 1010.07 Max: 2338.92
Current: 494.46

During the past 13 years, Treasury Metals's highest Days Payable was 2338.92. The lowest was 494.46. And the median was 1010.07.

TSRMF's Days Payable is ranked better than
62.55% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs TSRMF: 494.46

Treasury Metals's Days Payable increased from Dec. 2022 (598.19) to Dec. 2023 (631.55). It may suggest that Treasury Metals delayed paying its suppliers.

Treasury Metals Days Payable Historical Data

The historical data trend for Treasury 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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Treasury Metals Days Payable Chart

Treasury Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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2,329.67

981.72

1,001.94

Treasury Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															598.19	530.24	129.67	174.10	631.55

Competitive Comparison of Treasury Metals's Days Payable

For the Gold subindustry, Treasury 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.

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

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

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

Treasury 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.

Treasury Metals'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
=	( (0.385	+	0.444)	/	2 )	/	0.151	*	365
=	0.4145					/	0.151	*	365
=	1,001.94

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

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.082	+	0.444)	/	2 )	/	0.038	*	365 / 4
=	0.263					/	0.038	*	365 / 4
=	631.55

Treasury Metals Days Payable Related Terms

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Treasury Metals (Treasury Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Treasury Metals Inc (OTCPK:TSRMF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TRC1:Germany TML:Canada

Address

15 Toronto Street, Suite 401, Toronto, ON, CAN, M5C 2E3

Website

https://www.treasurymetals.com

Treasury Metals Inc is an exploration stage company. It is engaged in the exploration and evaluation of minerals resources. Some of its projects include the Goliath Gold, Weebigee, Goldlund Gold and Lara Polymetallic, among others.