Ridgestone Mining (TSXV:RMI) Days Payable : 0.00 (As of Jun. 2024)

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What is Ridgestone Mining Days Payable?

Ridgestone Mining's average Accounts Payable for the three months ended in Jun. 2024 was C$0.03 Mil. Ridgestone Mining's Cost of Goods Sold for the three months ended in Jun. 2024 was C$0.00 Mil.

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

During the past 7 years, Ridgestone Mining's highest Days Payable was 170.08. The lowest was 9.00. And the median was 40.69.

TSXV:RMI's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 136.525
* Ranked among companies with meaningful Days Payable only.

Ridgestone Mining's Days Payable declined from Jun. 2023 (9,353.13) to Jun. 2024 (0.00). It may suggest that Ridgestone Mining accelerated paying its suppliers.

Ridgestone Mining Days Payable Historical Data

The historical data trend for Ridgestone 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.

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Ridgestone Mining Days Payable Chart

Ridgestone Mining Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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22.43

40.69

110.80

170.08

Ridgestone Mining Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															9,353.13	-	-	-	-

Competitive Comparison of Ridgestone Mining's Days Payable

For the Other Industrial Metals & Mining subindustry, Ridgestone 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.

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

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

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

Ridgestone 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.

Ridgestone 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
=	( (0.085	+	0.048)	/	2 )	/	0	*	365
=	0.0665					/	0	*	365
=	N/A

Ridgestone Mining's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0.028	+	0.032)	/	2 )	/	0	*	365 / 4
=	0.03					/	0	*	365 / 4
=	N/A

Ridgestone Mining Days Payable Related Terms

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Ridgestone Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ridgestone Mining Inc (TSXV:RMI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RIGMF:USA 4U50:Germany

Address

905 West Pender Street, Suite 503, Vancouver, BC, CAN, V6C 1L6

Website

https://www.ridgestonemining.com

Ridgestone Mining Inc is a mining company. The Company's business plan is to acquire, explore and develop mineral properties and ultimately seek earnings by exploiting mineral claims. It is engaged in the business of exploration of mineral properties in North America. It holds an interest in Cimarron gold property, Rebeico Property, Guadalupe y Calvo Property, and Alaska Property.

Executives

Jonathan George	Director
Hsin-chen Liu	Director
Yen Hua Yi	10% Security Holder
Ronnie Floyd Birch	Director

Ridgestone Mining Headlines

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