Toubani Resources (ASX:TRE) Days Payable : 8,645.94 (As of Mar. 2023)

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What is Toubani Resources Days Payable?

Toubani Resources's average Accounts Payable for the three months ended in Mar. 2023 was A$0.57 Mil. Toubani Resources's Cost of Goods Sold for the three months ended in Mar. 2023 was A$0.01 Mil. Hence, Toubani Resources's Days Payable for the three months ended in Mar. 2023 was 8,645.94.

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

ASX:TRE' s Days Payable Range Over the Past 10 Years
Min: 4434.75 Med: 6441.42 Max: 7475.2
Current: 5332.84

During the past 13 years, Toubani Resources's highest Days Payable was 7475.20. The lowest was 4434.75. And the median was 6441.42.

ASX:TRE's Days Payable is ranked better than
83.15% of 1068 companies
in the Metals & Mining industry
Industry Median: 131.36 vs ASX:TRE: 5332.84

Toubani Resources's Days Payable increased from Mar. 2022 (3,467.50) to Mar. 2023 (8,645.94). It may suggest that Toubani Resources delayed paying its suppliers.

Toubani Resources Days Payable Historical Data

The historical data trend for Toubani 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.

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Toubani Resources Days Payable Chart

Toubani Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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6,827.65

7,521.21

5,692.82

4,276.58

Toubani Resources Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Payable	Get a 7-Day Free Trial															3,467.50	3,571.79	4,243.13	4,979.64	8,645.94

Competitive Comparison of Toubani Resources's Days Payable

For the Gold subindustry, Toubani 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.

Toubani Resources's Days Payable Distribution in the Metals & Mining Industry

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

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

Toubani 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.

Toubani Resources's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.287	+	0.416)	/	2 )	/	0.03	*	365
=	0.3515					/	0.03	*	365
=	4,276.58

Toubani Resources's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (0.416	+	0.721)	/	2 )	/	0.006	*	365 / 4
=	0.5685					/	0.006	*	365 / 4
=	8,645.94

Toubani Resources Days Payable Related Terms

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Toubani Resources (ASX:TRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Toubani Resources Ltd (ASX:TRE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FN3:Germany

Address

100 King Street West, Suite 1600, Toronto, ON, CAN, M5X 1G5

Website

https://www.toubaniresources.com

Toubani Resources Ltd is a Canada-based gold exploration and development company. Its segment consists of the acquisition, exploration, and development of precious and base metal mineral resources properties located in Western Africa. The company's portfolio includes the Kobada gold project which is a stage gold development project located in Mali.

Toubani Resources (ASX:TRE) Headlines

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