Cadan Resources (Cadan Resources) Days Payable : 0.00 (As of Sep. 2018)

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What is Cadan Resources Days Payable?

Cadan Resources's average Accounts Payable for the three months ended in Sep. 2018 was $8.39 Mil. Cadan Resources's Cost of Goods Sold for the three months ended in Sep. 2018 was $0.00 Mil.

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

CADAF's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 130.44
* Ranked among companies with meaningful Days Payable only.

Cadan Resources's Days Payable declined from Sep. 2017 (1,076.43) to Sep. 2018 (0.00). It may suggest that Cadan Resources accelerated paying its suppliers.

Cadan Resources Days Payable Historical Data

The historical data trend for Cadan 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.

Cadan Resources Days Payable Chart

Cadan Resources Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Days Payable

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2,055.41

3,365.25

Cadan Resources Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Days Payable	Get a 7-Day Free Trial															1,076.43	-	873.55	971.42	-

Competitive Comparison of Cadan Resources's Days Payable

For the Gold subindustry, Cadan 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.

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

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

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

Cadan 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.

Cadan Resources's Days Payable for the fiscal year that ended in Dec. 2017 is calculated as

	Days Payable (A: Dec. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2016 )	+	Accounts Payable (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (4.655	+	8.345)	/	2 )	/	0.705	*	365
=	6.5					/	0.705	*	365
=	3,365.25

Cadan Resources's Days Payable for the quarter that ended in Sep. 2018 is calculated as:

	Days Payable (Q: Sep. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2018 )	+	Accounts Payable (Q: Sep. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2018 )	*	Days in Period
=	( (8.281	+	8.508)	/	2 )	/	0	*	365 / 4
=	8.3945					/	0	*	365 / 4
=	N/A

Cadan Resources Days Payable Related Terms

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Cadan Resources (Cadan Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cadan Resources Corp (OTCPK:CADAF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

666 Burrard Street, Suite 600, Vancouver, BC, CAN, V6C 3P6

Website

http://www.rizalresources.com

Rizal Resources Corp is engaged in the exploration of natural resource properties located in the Philippines. Its properties include T'Boli Gold Mine Project, Batoto Gold Project, and Comval Copper-Gold Project. It operates through resource property exploration segment. It is focused on the development, exploration and production activities at the T'Boli gold-silver mine. Its material mineral properties are the T'Boli gold-silver deposit, the Batoto-Tarale gold prospect, and the Comval copper-gold deposits. The Batoto Gold Project offers excellent discovery opportunities for gold and gold-copper that will complement the T'Boli gold mining operation.

Cadan Resources (Cadan Resources) Headlines

From GuruFocus

T'boli Mine Site Fatality

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