Taseko Mines (Taseko Mines) Days Payable : 48.42 (As of Dec. 2023)

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What is Taseko Mines Days Payable?

Taseko Mines's average Accounts Payable for the three months ended in Dec. 2023 was $37.1 Mil. Taseko Mines's Cost of Goods Sold for the three months ended in Dec. 2023 was $70.0 Mil. Hence, Taseko Mines's Days Payable for the three months ended in Dec. 2023 was 48.42.

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

TGB' s Days Payable Range Over the Past 10 Years
Min: 22.81 Med: 32.98 Max: 55.69
Current: 55.69

During the past 13 years, Taseko Mines's highest Days Payable was 55.69. The lowest was 22.81. And the median was 32.98.

TGB's Days Payable is ranked worse than
70.99% of 1065 companies
in the Metals & Mining industry
Industry Median: 130.91 vs TGB: 55.69

Taseko Mines's Days Payable declined from Dec. 2022 (73.30) to Dec. 2023 (48.42). It may suggest that Taseko Mines accelerated paying its suppliers.

Taseko Mines Days Payable Historical Data

The historical data trend for Taseko Mines'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.

Taseko Mines Days Payable Chart

Taseko Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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22.59

32.15

42.57

34.44

29.18

Taseko Mines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															73.30	57.55	69.22	72.42	48.42

Competitive Comparison of Taseko Mines's Days Payable

For the Copper subindustry, Taseko Mines'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.

Taseko Mines's Days Payable Distribution in the Metals & Mining Industry

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

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

Taseko Mines 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.

Taseko Mines'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
=	( (23.349	+	21.286)	/	2 )	/	279.188	*	365
=	22.3175					/	279.188	*	365
=	29.18

Taseko Mines's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (52.996	+	21.286)	/	2 )	/	70.001	*	365 / 4
=	37.141					/	70.001	*	365 / 4
=	48.42

Taseko Mines Days Payable Related Terms

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Taseko Mines (Taseko Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Taseko Mines Ltd (AMEX:TGB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TKO:UK UDM:Germany TKO:Canada

Address

1040 West Georgia Street, 12th Floor, Vancouver, BC, CAN, V6E 4H1

Website

https://www.tasekomines.com

Taseko Mines Ltd is a Canadian mining company. It is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada, and the State of Arizona, the United States. The Gibraltar, Aley, New Prosperity, and Harmony properties are located in British Columbia whereas Florence copper is in central Arizona.

Executives

Sailingstone Capital Partners Llc	10 percent owner	100 WAUGH DRIVE, SUITE 600, HOUSTON TX 77007
Sailingstone Holdings Llc	10 percent owner	1 CALIFORNIA STREET, SUITE 3050, SAN FRANCISCO CA 94111
Mackenzie B Davis	10 percent owner	1 CALIFORNIA STREET, SUITE 3050, SAN FRANCISCO CA 941111
Settles Kenneth L Jr	10 percent owner	1 CALIFORNIA STREET, SUITE 3050, SAN FRANCISCO CA 94111