CanXGold Mining (CanXGold Mining) Days Payable : 1,216.67 (As of May. 2023)

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What is CanXGold Mining Days Payable?

CanXGold Mining's average Accounts Payable for the three months ended in May. 2023 was $1.00 Mil. CanXGold Mining's Cost of Goods Sold for the three months ended in May. 2023 was $0.08 Mil. Hence, CanXGold Mining's Days Payable for the three months ended in May. 2023 was 1,216.67.

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

GDMRF' s Days Payable Range Over the Past 10 Years
Min: 891.77 Med: 3651.8 Max: 34196.72
Current: 1229.8

During the past 13 years, CanXGold Mining's highest Days Payable was 34196.72. The lowest was 891.77. And the median was 3651.80.

GDMRF's Days Payable is not ranked
in the Metals & Mining industry.
Industry Median: 136.005 vs GDMRF: 1229.80

CanXGold Mining's Days Payable increased from May. 2022 (985.85) to May. 2023 (1,216.67). It may suggest that CanXGold Mining delayed paying its suppliers.

CanXGold Mining Days Payable Historical Data

The historical data trend for CanXGold Mining'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.

CanXGold Mining Days Payable Chart

CanXGold Mining Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Days Payable

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11,680.00

34,086.02

3,629.98

2,298.25

913.11

CanXGold Mining Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Days Payable	Get a 7-Day Free Trial															985.85	1,277.50	1,280.54	1,206.33	1,216.67

Competitive Comparison of CanXGold Mining's Days Payable

For the Other Industrial Metals & Mining subindustry, CanXGold Mining'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.

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

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

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

CanXGold Mining 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.

CanXGold Mining's Days Payable for the fiscal year that ended in Nov. 2022 is calculated as

	Days Payable (A: Nov. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2021 )	+	Accounts Payable (A: Nov. 2022 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2022 )	*	Days in Period
=	( (0.544	+	0.962)	/	2 )	/	0.301	*	365
=	0.753					/	0.301	*	365
=	913.11

CanXGold Mining's Days Payable for the quarter that ended in May. 2023 is calculated as:

	Days Payable (Q: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Feb. 2023 )	+	Accounts Payable (Q: May. 2023 ))	/	count )	/	Cost of Goods Sold (Q: May. 2023 )	*	Days in Period
=	( (1.021	+	0.979)	/	2 )	/	0.075	*	365 / 4
=	1					/	0.075	*	365 / 4
=	1,216.67

CanXGold Mining Days Payable Related Terms

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CanXGold Mining (CanXGold Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CanXGold Mining Corp (OTCPK:GDMRF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4

Website

https://www.goldendawnminerals.com

CanXGold Mining Corp is a Canada-based mineral exploration company. The principal activity of the company is the acquisition and exploration of mineral resource properties in Canada. All the company's mineral properties are in the exploration stages.