First Atlantic Nickel (TSXV:FAN) Days Payable : 9,508.25 (As of Oct. 2023)

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What is First Atlantic Nickel Days Payable?

First Atlantic Nickel's average Accounts Payable for the three months ended in Oct. 2023 was C$0.52 Mil. First Atlantic Nickel's Cost of Goods Sold for the three months ended in Oct. 2023 was C$0.01 Mil. Hence, First Atlantic Nickel's Days Payable for the three months ended in Oct. 2023 was 9,508.25.

The historical rank and industry rank for First Atlantic Nickel's Days Payable or its related term are showing as below:

TSXV:FAN' s Days Payable Range Over the Past 10 Years
Min: 8696.13 Med: 9297.89 Max: 9297.89
Current: 8696.13

During the past 12 years, First Atlantic Nickel's highest Days Payable was 9297.89. The lowest was 8696.13. And the median was 9297.89.

TSXV:FAN's Days Payable is ranked better than
86.83% of 1071 companies
in the Metals & Mining industry
Industry Median: 130.91 vs TSXV:FAN: 8696.13

First Atlantic Nickel's Days Payable increased from Oct. 2022 (0.00) to Oct. 2023 (9,508.25). It may suggest that First Atlantic Nickel delayed paying its suppliers.

First Atlantic Nickel Days Payable Historical Data

The historical data trend for First Atlantic Nickel'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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First Atlantic Nickel Days Payable Chart

First Atlantic Nickel Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Days Payable

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9,297.89

First Atlantic Nickel 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															-	9,928.00	7,884.00	6,679.50	9,508.25

Competitive Comparison of First Atlantic Nickel's Days Payable

For the Other Industrial Metals & Mining subindustry, First Atlantic Nickel'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.

First Atlantic Nickel's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where First Atlantic Nickel's Days Payable falls into.

First Atlantic Nickel 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.

First Atlantic Nickel'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
=	( (0.424	+	0.544)	/	2 )	/	0.019	*	365
=	0.484					/	0.019	*	365
=	9,297.89

First Atlantic Nickel'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
=	( (0.412	+	0.63)	/	2 )	/	0.005	*	365 / 4
=	0.521					/	0.005	*	365 / 4
=	9,508.25

First Atlantic Nickel Days Payable Related Terms

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First Atlantic Nickel (TSXV:FAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Atlantic Nickel Corp (TSXV:FAN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ACPRF:USA P210:Germany

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2

Website

https://www.arcpacific.ca

Avante Mining Corp, formerly ArcPacific Resources Corp is a Canadian-based exploration company expanding its exploration initiative on multiple projects which include past-producing gold and silver-gold-copper mines in the Timmins gold camp, in Ontario, and in the Nicola mining division in Southern British Columbia. The company is focused on creating shareholder value through new discoveries and strategic development of its mineral properties. ArcPacific owns a stake in the LMSL Copper Gold & Silver Project in British Columbia, Canada, which is known for its copper and gold deposits. The company also has exploratory properties in Canada, including the Blackdome gold project, which has revealed continuous gold mineralization.

Executives

Adrian Allister Smith

Director, Senior Officer