Gold Resource (FRA:GIH) Days Payable : 38.11 (As of Mar. 2024)

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What is Gold Resource Days Payable?

Gold Resource's average Accounts Payable for the three months ended in Mar. 2024 was €8.02 Mil. Gold Resource's Cost of Goods Sold for the three months ended in Mar. 2024 was €19.20 Mil. Hence, Gold Resource's Days Payable for the three months ended in Mar. 2024 was 38.11.

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

FRA:GIH' s Days Payable Range Over the Past 10 Years
Min: 28.82 Med: 43 Max: 51.87
Current: 38.03

During the past 13 years, Gold Resource's highest Days Payable was 51.87. The lowest was 28.82. And the median was 43.00.

FRA:GIH's Days Payable is ranked worse than
80.04% of 1067 companies
in the Metals & Mining industry
Industry Median: 128.84 vs FRA:GIH: 38.03

Gold Resource's Days Payable increased from Mar. 2023 (36.92) to Mar. 2024 (38.11). It may suggest that Gold Resource delayed paying its suppliers.

Gold Resource Days Payable Historical Data

The historical data trend for Gold Resource'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.

Gold Resource Days Payable Chart

Gold Resource Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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42.18

43.62

44.29

43.22

39.14

Gold Resource Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															36.92	36.92	42.33	36.11	38.11

Competitive Comparison of Gold Resource's Days Payable

For the Gold subindustry, Gold Resource'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.

Gold Resource's Days Payable Distribution in the Metals & Mining Industry

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

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

Gold Resource 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.

Gold Resource'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
=	( (12.583	+	7.683)	/	2 )	/	94.491	*	365
=	10.133					/	94.491	*	365
=	39.14

Gold Resource's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (7.683	+	8.355)	/	2 )	/	19.201	*	365 / 4
=	8.019					/	19.201	*	365 / 4
=	38.11

Gold Resource Days Payable Related Terms

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Gold Resource (FRA:GIH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Resource Corp (FRA:GIH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GORO:USA GIH:Germany

Address

7900 East Union Avenue, Suite 320, Denver, CO, USA, 80237

Website

https://www.goldresourcecorp.com

Gold Resource Corp is a gold and silver producer, developer, and explorer with operations in Oaxaca, Mexico, and Nevada, USA. It targets low capital expenditure projects with the potential for generating high returns on capital. The company's two pipeline projects are; Don David Gold at Oaxaca, Mexico, and Back Forty at Michigan, United States of America.

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