Goldcorp (Goldcorp) Days Payable : 75.12 (As of Dec. 2018)

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What is Goldcorp Days Payable?

Goldcorp's average Accounts Payable for the three months ended in Dec. 2018 was $587 Mil. Goldcorp's Cost of Goods Sold for the three months ended in Dec. 2018 was $713 Mil. Hence, Goldcorp's Days Payable for the three months ended in Dec. 2018 was 75.12.

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

GG's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 129.525
* Ranked among companies with meaningful Days Payable only.

Goldcorp's Days Payable declined from Dec. 2017 (78.32) to Dec. 2018 (75.12). It may suggest that Goldcorp accelerated paying its suppliers.

Goldcorp Days Payable Historical Data

The historical data trend for Goldcorp'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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Goldcorp Days Payable Chart

Goldcorp Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Payable

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122.12

77.02

70.40

68.84

76.89

Goldcorp Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Days Payable	Get a 7-Day Free Trial															78.32	72.36	68.44	74.64	75.12

Competitive Comparison of Goldcorp's Days Payable

For the Gold subindustry, Goldcorp'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.

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

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

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

Goldcorp 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.

Goldcorp's Days Payable for the fiscal year that ended in Dec. 2018 is calculated as

	Days Payable (A: Dec. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2017 )	+	Accounts Payable (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (574	+	596)	/	2 )	/	2777	*	365
=	585					/	2777	*	365
=	76.89

Goldcorp's Days Payable for the quarter that ended in Dec. 2018 is calculated as:

	Days Payable (Q: Dec. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2018 )	+	Accounts Payable (Q: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2018 )	*	Days in Period
=	( (578	+	596)	/	2 )	/	713	*	365 / 4
=	587					/	713	*	365 / 4
=	75.12

Goldcorp Days Payable Related Terms

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Goldcorp (Goldcorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldcorp Inc (NYSE:GG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

666 Burrard Street, Suite 3400, Park Place, Vancouver, BC, CAN, V6C 2X8

Website

http://www.goldcorp.com

Goldcorp is a senior gold mining company with operations in Canada, the United States, Mexico, and Latin America. It produced roughly 2.3 million ounces of gold in 2018. Goldcorp has historically focused on stable mining jurisdictions in North and South America while targeting rapid production growth through internal development and acquisitions. As of Dec. 31, 2018, Goldcorp had 52.8 million ounces of proven and probable gold reserves.