Magnetic North Acquisition (TSXV:MNC) Days Payable : 92.42 (As of Sep. 2023)

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What is Magnetic North Acquisition Days Payable?

Magnetic North Acquisition's average Accounts Payable for the three months ended in Sep. 2023 was C$0.08 Mil. Magnetic North Acquisition's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.08 Mil. Hence, Magnetic North Acquisition's Days Payable for the three months ended in Sep. 2023 was 92.42.

The historical rank and industry rank for Magnetic North Acquisition's Days Payable or its related term are showing as below:

TSXV:MNC' s Days Payable Range Over the Past 10 Years
Min: 318.86 Med: 860.2 Max: 2071.38
Current: 318.86

During the past 13 years, Magnetic North Acquisition's highest Days Payable was 2071.38. The lowest was 318.86. And the median was 860.20.

TSXV:MNC's Days Payable is ranked better than
66.86% of 528 companies
in the Capital Markets industry
Industry Median: 105.34 vs TSXV:MNC: 318.86

Magnetic North Acquisition's Days Payable declined from Sep. 2022 (2,982.43) to Sep. 2023 (92.42). It may suggest that Magnetic North Acquisition accelerated paying its suppliers.

Magnetic North Acquisition Days Payable Historical Data

The historical data trend for Magnetic North Acquisition'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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Magnetic North Acquisition Days Payable Chart

Magnetic North Acquisition Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Dec21

Dec22

Days Payable

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1,202.35

2,071.38

408.70

518.04

Magnetic North Acquisition Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															2,982.43	336.06	453.43	362.83	92.42

Competitive Comparison of Magnetic North Acquisition's Days Payable

For the Capital Markets subindustry, Magnetic North Acquisition'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.

Magnetic North Acquisition's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Magnetic North Acquisition's Days Payable distribution charts can be found below:

* The bar in red indicates where Magnetic North Acquisition's Days Payable falls into.

Magnetic North Acquisition 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.

Magnetic North Acquisition'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: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.414	+	0.395)	/	2 )	/	0.285	*	365
=	0.4045					/	0.285	*	365
=	518.04

Magnetic North Acquisition'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
=	( (0.091	+	0.067)	/	2 )	/	0.078	*	365 / 4
=	0.079					/	0.078	*	365 / 4
=	92.42

Magnetic North Acquisition Days Payable Related Terms

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Magnetic North Acquisition (TSXV:MNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Magnetic North Acquisition Corp (TSXV:MNC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

BKBLF:USA MNC.PR.A.PFD:Canada

Address

1000, 250 - 2 Street SW, Calgary, AB, CAN, T2P 0C1

Website

https://www.magneticnac.com

Magnetic North Acquisition Corp operates as a merchant bank providing capital, management and board representation to small to mid-capitalization private companies. Its industry focus for investments include clean power technology, special situations, and consumer products, oilfield services, manufacturing and technology inclusive of software and hardware. The company is focused on creating shareholder value by providing strategic and financial advice and services to companies.

Magnetic North Acquisition (TSXV:MNC) Headlines

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