Great Atlantic Resources (TSXV:GR) Days Payable : 2,172.56 (As of Nov. 2023)

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What is Great Atlantic Resources Days Payable?

Great Atlantic Resources's average Accounts Payable for the three months ended in Nov. 2023 was C$1.62 Mil. Great Atlantic Resources's Cost of Goods Sold for the three months ended in Nov. 2023 was C$0.07 Mil. Hence, Great Atlantic Resources's Days Payable for the three months ended in Nov. 2023 was 2,172.56.

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

TSXV:GR' s Days Payable Range Over the Past 10 Years
Min: 251.35 Med: 3489.62 Max: 106580
Current: 1583.19

During the past 13 years, Great Atlantic Resources's highest Days Payable was 106580.00. The lowest was 251.35. And the median was 3489.62.

TSXV:GR's Days Payable is ranked better than
71.24% of 1064 companies
in the Metals & Mining industry
Industry Median: 130.44 vs TSXV:GR: 1583.19

Great Atlantic Resources's Days Payable increased from Nov. 2022 (414.25) to Nov. 2023 (2,172.56). It may suggest that Great Atlantic Resources delayed paying its suppliers.

Great Atlantic Resources Days Payable Historical Data

The historical data trend for Great Atlantic Resources'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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Great Atlantic Resources Days Payable Chart

Great Atlantic Resources Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Payable

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7,588.16

1,746.42

1,110.00

251.35

605.17

Great Atlantic Resources Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Payable	Get a 7-Day Free Trial															414.25	764.04	1,430.31	2,266.53	2,172.56

Competitive Comparison of Great Atlantic Resources's Days Payable

For the Other Industrial Metals & Mining subindustry, Great Atlantic Resources'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.

Great Atlantic Resources's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Great Atlantic Resources's Days Payable falls into.

Great Atlantic Resources 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.

Great Atlantic Resources's Days Payable for the fiscal year that ended in Feb. 2023 is calculated as

	Days Payable (A: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2022 )	+	Accounts Payable (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (0.113	+	0.716)	/	2 )	/	0.25	*	365
=	0.4145					/	0.25	*	365
=	605.17

Great Atlantic Resources's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (1.821	+	1.417)	/	2 )	/	0.068	*	365 / 4
=	1.619					/	0.068	*	365 / 4
=	2,172.56

Great Atlantic Resources Days Payable Related Terms

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Great Atlantic Resources (TSXV:GR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Atlantic Resources Corp (TSXV:GR) » Definitions » Days Payable

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Traded in Other Exchanges

PH02:Germany

Address

888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4

Website

https://www.greatatlanticresources.com

Great Atlantic Resources Corp is engaged in the acquisition, exploration, and evaluation of its mineral property interests located in Atlantic Canada. Principally, the company explores for gold, zinc, tungsten, and antimony. It is focused on the development of various project properties including Golden Promise gold, Pilley's Island, and South Quarry properties located in Newfoundland. The company's New Brunswick project properties comprise kagoot brook, keymet, Macdougall road, and Porcupine.

Executives

Christopher Ross Anderson

10% Security Holder, Director

Great Atlantic Resources (TSXV:GR) Headlines

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