Heritage Mining (XCNQ:HML) Days Payable : 1,017.06 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Heritage Mining Days Payable?

Heritage Mining's average Accounts Payable for the three months ended in Dec. 2023 was C$0.27 Mil. Heritage Mining's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.02 Mil. Hence, Heritage Mining's Days Payable for the three months ended in Dec. 2023 was 1,017.06.

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

XCNQ:HML' s Days Payable Range Over the Past 10 Years
Min: 1252.53 Med: 1331.93 Max: 1331.93
Current: 1252.53

During the past 3 years, Heritage Mining's highest Days Payable was 1331.93. The lowest was 1252.53. And the median was 1331.93.

XCNQ:HML's Days Payable is ranked better than
69.01% of 1068 companies
in the Metals & Mining industry
Industry Median: 135.555 vs XCNQ:HML: 1252.53

Heritage Mining's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (1,017.06). It may suggest that Heritage Mining delayed paying its suppliers.

Heritage Mining Days Payable Historical Data

The historical data trend for Heritage 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.

Heritage Mining Days Payable Chart

Heritage Mining Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

1,331.93

Heritage Mining Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial						-	-	1,399.17	980.94	1,017.06

Competitive Comparison of Heritage Mining's Days Payable

For the Other Precious Metals & Mining subindustry, Heritage 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.

Heritage Mining's Days Payable Distribution in the Metals & Mining Industry

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

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

Heritage 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.

Heritage 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
=	( (0.167	+	0.249)	/	2 )	/	0.057	*	365
=	0.208					/	0.057	*	365
=	1,331.93

Heritage 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
=	( (0.286	+	0.249)	/	2 )	/	0.024	*	365 / 4
=	0.2675					/	0.024	*	365 / 4
=	1,017.06

Heritage Mining Days Payable Related Terms

Thank you for viewing the detailed overview of Heritage Mining's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Heritage Mining (XCNQ:HML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Heritage Mining Ltd (XCNQ:HML) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Hastings Street, Suite 1700, Vancouver, BC, CAN, V6E 2E9

Website

Heritage Mining Ltd is engaged in the business of exploration for gold and other metals across Canada. The company's principal objectives are to explore and develop the Drayton - Black Lake Property and to identify other properties worthy of investment and exploration. The Drayton - Black Lake Project consists of 720 mining claims located in the Patricia Mining Division totaling approximately 14,921.18 hectares.

Executives

Peter Schloo

Director, Senior Officer

Heritage Mining (XCNQ:HML) Headlines

No Headlines