Colibri Resource (TSXV:CBI) Days Payable : 908.08 (As of Sep. 2023)

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What is Colibri Resource Days Payable?

Colibri Resource's average Accounts Payable for the three months ended in Sep. 2023 was C$0.31 Mil. Colibri Resource's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.03 Mil. Hence, Colibri Resource's Days Payable for the three months ended in Sep. 2023 was 908.08.

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

TSXV:CBI' s Days Payable Range Over the Past 10 Years
Min: 966.84 Med: 17155 Max: 58582.5
Current: 966.84

During the past 13 years, Colibri Resource's highest Days Payable was 58582.50. The lowest was 966.84. And the median was 17155.00.

TSXV:CBI's Days Payable is ranked better than
67.2% of 1067 companies
in the Metals & Mining industry
Industry Median: 128.35 vs TSXV:CBI: 966.84

Colibri Resource's Days Payable declined from Sep. 2022 (1,102.93) to Sep. 2023 (908.08). It may suggest that Colibri Resource accelerated paying its suppliers.

Colibri Resource Days Payable Historical Data

The historical data trend for Colibri Resource'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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Colibri Resource Days Payable Chart

Colibri Resource Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Dec22

Days Payable

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22,265.00

41,792.50

58,582.50

Colibri Resource Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															1,102.93	-	391.75	623.54	908.08

Competitive Comparison of Colibri Resource's Days Payable

For the Other Industrial Metals & Mining subindustry, Colibri Resource'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.

Colibri Resource's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Colibri Resource's Days Payable falls into.

Colibri Resource 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.

Colibri Resource'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: Nov. 2020 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.283	+	0.123)	/	2 )	/	0	*	365
=	0.203					/	0	*	365
=	N/A

Colibri Resource's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.284	+	0.333)	/	2 )	/	0.031	*	365 / 4
=	0.3085					/	0.031	*	365 / 4
=	908.08

Colibri Resource Days Payable Related Terms

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Colibri Resource (TSXV:CBI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Colibri Resource Corp (TSXV:CBI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CRUCF:USA

Address

105 Englehart Street, Suite 700, Dieppe, NB, CAN, E1A 8K2

Website

https://www.colibriresource.com

Colibri Resource Corp is a mineral resource exploration company. It is engaged in the process of acquiring and exploring precious mineral properties in Mexico. The properties of the company are Evelyn Gold, Diamante Gold & Silver, Pilar & Silver, Mezquite Gold, and Jackie Gold & Silver. The company operates in one reportable business segment, being the acquisition and exploration of mineral properties.

Executives

Ian Mcgavney

Senior Officer