Novagold Resources (Novagold Resources) Days Payable : 9,664.90 (As of Feb. 2024)

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Novagold Resources Days Payable Definition

Novagold Resources's average Accounts Payable for the three months ended in Feb. 2024 was $0.64 Mil. Novagold Resources's Cost of Goods Sold for the three months ended in Feb. 2024 was $0.01 Mil. Hence, Novagold Resources's Days Payable for the three months ended in Feb. 2024 was 9,664.90.

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

NG' s Days Payable Range Over the Past 10 Years
Min: 6922.27 Med: 22624.14 Max: 47490.56
Current: 19042.57

During the past 13 years, Novagold Resources's highest Days Payable was 47490.56. The lowest was 6922.27. And the median was 22624.14.

NG's Days Payable is ranked better than
93.33% of 1065 companies
in the Metals & Mining industry
Industry Median: 128.84 vs NG: 19042.57

Novagold Resources's Days Payable declined from Feb. 2023 (58,582.50) to Feb. 2024 (9,664.90). It may suggest that Novagold Resources accelerated paying its suppliers.

Novagold Resources Days Payable Historical Data

The historical data trend for Novagold 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.

* Premium members only.

Novagold Resources Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

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19,345.00

46,407.14

41,245.00

37,829.64

26,864.00

Novagold Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															58,582.50	25,664.06	51,647.50	21,507.63	9,664.90

Competitive Comparison

For the Gold subindustry, Novagold 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.

Novagold Resources Days Payable Distribution

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

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

Novagold 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.

Novagold Resources's Days Payable for the fiscal year that ended in Nov. 2023 is calculated as

	Days Payable (A: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2022 )	+	Accounts Payable (A: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2023 )	*	Days in Period
=	( (0.769	+	0.703)	/	2 )	/	0.01	*	365
=	0.736					/	0.01	*	365
=	26,864.00

Novagold Resources's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (0.703	+	0.568)	/	2 )	/	0.006	*	365 / 4
=	0.6355					/	0.006	*	365 / 4
=	9,664.90

Novagold Resources Days Payable Related Terms

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Novagold Resources (Novagold Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Novagold Resources Inc (AMEX:NG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NGR:Germany NGR:Germany NG:Canada NG:Argentina

Address

201 South Main Street, Suite 400, Salt Lake City, UT, USA, 84111

Website

https://www.novagold.com

Novagold Resources Inc is a mineral exploration company engaged in the exploration and development of mineral properties. The company owns 50% of the Donlin Gold project, which is located in southwestern Alaska, approximately 20 kilometers north of the village of Crooked Creek on the Kuskokwim River.

Executives

Gregory A. Lang	director, officer: President & CEO	C/O TRILOGY METALS INC., 1950 - 777 DUNSMUIR STREET, VANCOUVER A1 V7Y 1K4
Kalidas V Madhavpeddi	director	511 ARROYO SQ, SOUTH PASADENA CA 91030
Diane R Garrett	director	C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN, SUITE 400, SALT LAKE CITY UT 84111
Ethan Schutt	director	C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111
Anthony P. Walsh	director	C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111
Dawn Patricia Whittaker	director	C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111
Hume D. Kyle	director	C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111
Quintanilla Daniel Muniz	director	C/O SOUTHERN COPPER CORPORATION, 11811 NORTH TATUM BLVD., SUITE 2500, PHOENIX AZ 85028
Sharon Dowdall	director	C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111
David A. Ottewell	officer: Vice President & CFO	C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111
Clynton R. Nauman	director	C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111
C. Kevin Mcarthur	director	1144 15TH STREET, SUITE 2500, DENVER CO 80202
Igor Levental	director	C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111
Elaine J Dorward-king	director	6363 SOUTH FIDDLER'S GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
David Deisley	officer: Exec. VP & General Counsel	C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111