Red Metal Resources (XCNQ:RMES) Days Payable : 3,878.13 (As of Oct. 2023)

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What is Red Metal Resources Days Payable?

Red Metal Resources's average Accounts Payable for the three months ended in Oct. 2023 was C$0.17 Mil. Red Metal Resources's Cost of Goods Sold for the three months ended in Oct. 2023 was C$0.00 Mil. Hence, Red Metal Resources's Days Payable for the three months ended in Oct. 2023 was 3,878.13.

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

XCNQ:RMES' s Days Payable Range Over the Past 10 Years
Min: 1873.03 Med: 85227.5 Max: 184507.5
Current: 2741.56

During the past 13 years, Red Metal Resources's highest Days Payable was 184507.50. The lowest was 1873.03. And the median was 85227.50.

XCNQ:RMES's Days Payable is ranked better than
76.07% of 1070 companies
in the Metals & Mining industry
Industry Median: 136.225 vs XCNQ:RMES: 2741.56

Red Metal Resources's Days Payable increased from Oct. 2022 (2,190.00) to Oct. 2023 (3,878.13). It may suggest that Red Metal Resources delayed paying its suppliers.

Red Metal Resources Days Payable Historical Data

The historical data trend for Red Metal 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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Red Metal Resources Days Payable Chart

Red Metal Resources Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Days Payable

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139,430.00

15,220.50

3,832.50

1,873.03

Red Metal Resources 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															2,190.00	2,044.00	1,998.38	3,068.28	3,878.13

Competitive Comparison of Red Metal Resources's Days Payable

For the Other Industrial Metals & Mining subindustry, Red Metal 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.

Red Metal Resources's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Red Metal Resources's Days Payable falls into.

Red Metal 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.

Red Metal Resources'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
=	( (0.088	+	0.107)	/	2 )	/	0.019	*	365
=	0.0975					/	0.019	*	365
=	1,873.03

Red Metal Resources'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
=	( (0.157	+	0.183)	/	2 )	/	0.004	*	365 / 4
=	0.17					/	0.004	*	365 / 4
=	3,878.13

Red Metal Resources Days Payable Related Terms

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Red Metal Resources (XCNQ:RMES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red Metal Resources Ltd (XCNQ:RMES) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RMESF:USA

Address

1130 West Pender Street, Suite 820, Vancouver, BC, CAN, V6E 4A4

Website

https://www.redmetalresources.com

Red Metal Resources Ltd is involved in acquiring and exploring mineral properties in Chile. The company's interest in exploration and evaluation assets consisted of three active copper-gold projects on two properties, namely the Farellon and Perth Projects both located on the Carrizal Property, and the Mateo Project located on the Mateo Property.

Executives

Richard Norman Jeffs

10% Security Holder

Red Metal Resources (XCNQ:RMES) Headlines

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