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Eldorado Gold Corp (NYSE:EGO)
Days Payable
52.27 (As of Dec. 2015)

Eldorado Gold Corp's payable for the three months ended in Dec. 2015 was $97.3 Mil. Eldorado Gold Corp's cost of goods sold for the three months ended in Dec. 2015 was $170.0 Mil. Hence, Eldorado Gold Corp's days payable for the three months ended in Dec. 2015 was 52.27.

EGO' s Days Payable Range Over the Past 10 Years
Min: 43.64   Max: 182.4
Current: 56.72

43.64
182.4

During the past 13 years, Eldorado Gold Corp's highest Days Payable was 182.40. The lowest was 43.64. And the median was 57.58.

EGO's Days Payable is ranked higher than
61% of the 502 Companies
in the Global Gold industry.

( Industry Median: 43.90 vs. EGO: 56.72 )

Eldorado Gold Corp's days payable increased from Dec. 2014 (41.99) to Dec. 2015 (52.27). It may suggest that Eldorado Gold Corp delayed paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Eldorado Gold Corp's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=97.345/660.82*365
=53.77

Eldorado Gold Corp's Days Payable for the quarter that ended in Dec. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=97.345/169.951*365 / 4
=52.27

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Eldorado Gold Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 182.40172.890.000.0049.7948.9868.4261.3843.6453.77

Eldorado Gold Corp Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
DaysPayable 0.0064.160.0094.070.0041.990.00130.57122.8452.27
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