Group Eleven Resources (TSXV:ZNG) Days Payable : 32,758.75 (As of Mar. 2024)

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What is Group Eleven Resources Days Payable?

Group Eleven Resources's average Accounts Payable for the three months ended in Mar. 2024 was C$0.36 Mil. Group Eleven Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.00 Mil. Hence, Group Eleven Resources's Days Payable for the three months ended in Mar. 2024 was 32,758.75.

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

TSXV:ZNG' s Days Payable Range Over the Past 10 Years
Min: 8516.67 Med: 18724.5 Max: 35745.67
Current: 35745.67

During the past 9 years, Group Eleven Resources's highest Days Payable was 35745.67. The lowest was 8516.67. And the median was 18724.50.

TSXV:ZNG's Days Payable is ranked better than
95.51% of 1070 companies
in the Metals & Mining industry
Industry Median: 139.86 vs TSXV:ZNG: 35745.67

Group Eleven Resources's Days Payable increased from Mar. 2023 (15,147.50) to Mar. 2024 (32,758.75). It may suggest that Group Eleven Resources delayed paying its suppliers.

Group Eleven Resources Days Payable Historical Data

The historical data trend for Group Eleven 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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Group Eleven Resources Days Payable Chart

Group Eleven Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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15,816.67

27,156.00

18,724.50

8,516.67

24,090.00

Group Eleven Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															15,147.50	-	-	13,117.19	32,758.75

Competitive Comparison of Group Eleven Resources's Days Payable

For the Other Industrial Metals & Mining subindustry, Group Eleven 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.

Group Eleven Resources's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Group Eleven Resources's Days Payable falls into.

Group Eleven 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.

Group Eleven Resources'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
=	( (0.123	+	0.405)	/	2 )	/	0.004	*	365
=	0.264					/	0.004	*	365
=	24,090.00

Group Eleven Resources'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
=	( (0.405	+	0.313)	/	2 )	/	0.001	*	365 / 4
=	0.359					/	0.001	*	365 / 4
=	32,758.75

Group Eleven Resources Days Payable Related Terms

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Group Eleven Resources (TSXV:ZNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Group Eleven Resources Corp (TSXV:ZNG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GRLVF:USA 3GE:Germany

Address

885 West Georgia St., Suite 2200, Vancouver, BC, CAN, V6C 3E8

Website

https://www.groupelevenresources.com

Group Eleven Resources Corp is a Canada-based mining company. Principally, it is engaged in the business of exploration of mineral properties. The company's project consists of Ballinalack, PG West, Stonepark, and Silvermines among others.

Executives

David Andrew Furlong

Senior Officer

Group Eleven Resources (TSXV:ZNG) Headlines

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