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Midnight Sun Mining (TSXV:MMA) Days Payable : 490.47 (As of Dec. 2023)


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What is Midnight Sun Mining Days Payable?

Midnight Sun Mining's average Accounts Payable for the three months ended in Dec. 2023 was C$0.11 Mil. Midnight Sun Mining's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.02 Mil. Hence, Midnight Sun Mining's Days Payable for the three months ended in Dec. 2023 was 490.47.

The historical rank and industry rank for Midnight Sun Mining's Days Payable or its related term are showing as below:

TSXV:MMA' s Days Payable Range Over the Past 10 Years
Min: 1444.63   Med: 2976.15   Max: 8371.2
Current: 1444.63

During the past 13 years, Midnight Sun Mining's highest Days Payable was 8371.20. The lowest was 1444.63. And the median was 2976.15.

TSXV:MMA's Days Payable is ranked better than
70.76% of 1067 companies
in the Metals & Mining industry
Industry Median: 131.81 vs TSXV:MMA: 1444.63

Midnight Sun Mining's Days Payable declined from Dec. 2022 (3,779.27) to Dec. 2023 (490.47). It may suggest that Midnight Sun Mining accelerated paying its suppliers.


Midnight Sun Mining Days Payable Historical Data

The historical data trend for Midnight Sun Mining'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.

* Premium members only.

Midnight Sun Mining Days Payable Chart

Midnight Sun Mining Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8,371.20 5,141.74 1,984.69 2,976.15 2,234.39

Midnight Sun Mining 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,779.27 2,920.00 1,264.46 2,212.81 490.47

Competitive Comparison of Midnight Sun Mining's Days Payable

For the Other Industrial Metals & Mining subindustry, Midnight Sun Mining'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.


Midnight Sun Mining's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Midnight Sun Mining's Days Payable falls into.



Midnight Sun Mining 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.

Midnight Sun Mining'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
=( (0.343 + 0.11) / 2 ) / 0.037*365
=0.2265 / 0.037*365
=2,234.39

Midnight Sun Mining'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
=( (0.105 + 0.11) / 2 ) / 0.02*365 / 4
=0.1075 / 0.02*365 / 4
=490.47

* 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.


Midnight Sun Mining Days Payable Related Terms

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Midnight Sun Mining (TSXV:MMA) Business Description

Traded in Other Exchanges
Address
789 West Pender Street, Suite 770, Vancouver, BC, CAN, V6C 1H2
Midnight Sun Mining Corp is an exploration-stage company. The company is engaged in the acquisition and exploration of mineral property interests. It focuses on the exploration and discovery of copper deposits in the prolific Zambian-Congo Copperbelt. The company's mineral exploration in Zambia is located directly adjacent to the largest copper mine in Africa - First Quantum Minerals' Kansanshi copper/gold mine. It has one reportable operating segment, which is the acquisition and exploration of mineral properties.
Executives
Allan John Fabbro 10% Security Holder, Director, Senior Officer

Midnight Sun Mining (TSXV:MMA) Headlines