Volta Metals (XCNQ:VLTA) Days Payable : 5,018.75 (As of Mar. 2024)

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What is Volta Metals Days Payable?

Volta Metals's average Accounts Payable for the three months ended in Mar. 2024 was C$0.17 Mil. Volta Metals's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.00 Mil. Hence, Volta Metals's Days Payable for the three months ended in Mar. 2024 was 5,018.75.

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

XCNQ:VLTA' s Days Payable Range Over the Past 10 Years
Min: 608.33 Med: 608.33 Max: 5475
Current: 5475

During the past 2 years, Volta Metals's highest Days Payable was 5475.00. The lowest was 608.33. And the median was 608.33.

XCNQ:VLTA's Days Payable is ranked better than
83.15% of 1068 companies
in the Metals & Mining industry
Industry Median: 135.555 vs XCNQ:VLTA: 5475.00

Volta Metals's Days Payable increased from Mar. 2023 (0.00) to Mar. 2024 (5,018.75). It may suggest that Volta Metals delayed paying its suppliers.

Volta Metals Days Payable Historical Data

The historical data trend for Volta Metals'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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Volta Metals Days Payable Chart

Volta Metals Annual Data

Trend

Dec22

Dec23

Days Payable

608.33

Volta Metals Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial			-	-	-	-	5,018.75

Competitive Comparison of Volta Metals's Days Payable

For the Other Industrial Metals & Mining subindustry, Volta Metals'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.

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

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

* The bar in red indicates where Volta Metals's Days Payable falls into.

Volta Metals 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.

Volta Metals'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
=	( (0.015	+	0)	/	1 )	/	0.009	*	365
=	0.015					/	0.009	*	365
=	608.33

Volta Metals's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	0.165)	/	1 )	/	0.003	*	365 / 4
=	0.165					/	0.003	*	365 / 4
=	5,018.75

Volta Metals Days Payable Related Terms

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Volta Metals (XCNQ:VLTA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

D0W:Germany

Address

390 Bay Street, Suite 700a, Toronto, ON, CAN, M5H 2Y2

Website

https://www.voltametals.ca

Volta Metals Ltd is a mineral exploration company focused on lithium, cesium and tantalum exploration in Canada, and led by a group of mining professionals. It is currently exploring a critical minerals portfolio of lithium, cesium and tantalum projects in northwestern Ontario, which is considered to be one of the more prolific emerging hard-rock lithium districts globally. The company's projects include Flacon west project, Root Project, White Lights Project, Kim Lake & Store Lake Project, Junior Lake Project, and Crescent Lake Project.

Executives

Kerem Usenmez

Senior Officer