GFG Resources (GFG Resources) Days Payable : 1,349.20 (As of Mar. 2024)

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What is GFG Resources Days Payable?

GFG Resources's average Accounts Payable for the three months ended in Mar. 2024 was $0.10 Mil. GFG Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.01 Mil. Hence, GFG Resources's Days Payable for the three months ended in Mar. 2024 was 1,349.20.

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

GFGSF' s Days Payable Range Over the Past 10 Years
Min: 1394.1 Med: 1873.96 Max: 8988.13
Current: 2159.58

During the past 11 years, GFG Resources's highest Days Payable was 8988.13. The lowest was 1394.10. And the median was 1873.96.

GFGSF's Days Payable is ranked better than
73.5% of 1068 companies
in the Metals & Mining industry
Industry Median: 136.005 vs GFGSF: 2159.58

GFG Resources's Days Payable declined from Mar. 2023 (3,252.41) to Mar. 2024 (1,349.20). It may suggest that GFG Resources accelerated paying its suppliers.

GFG Resources Days Payable Historical Data

The historical data trend for GFG 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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GFG Resources Days Payable Chart

GFG Resources Annual Data

Trend

Feb14

Feb15

Feb16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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9,094.58

2,418.13

1,728.38

1,433.93

1,460.00

GFG Resources 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															3,252.41	2,333.39	2,118.30	2,066.16	1,349.20

Competitive Comparison of GFG Resources's Days Payable

For the Gold subindustry, GFG 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.

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

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

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

GFG 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.

GFG Resources's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.105	+	0.103)	/	2 )	/	0.026	*	365
=	0.104					/	0.026	*	365
=	1,460.00

GFG Resources'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
=	( (0.095	+	0.112)	/	2 )	/	0.007	*	365 / 4
=	0.1035					/	0.007	*	365 / 4
=	1,349.20

GFG Resources Days Payable Related Terms

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GFG Resources (GFG Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GFG Resources Inc (OTCPK:GFGSF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

2GQ:Germany GFG:Canada

Address

202-640 Broadway Avenue, Saskatoon, SK, CAN, S7N 1A9

Website

https://www.gfgresources.com

GFG Resources Inc is a precious metals exploration company. Its principal business is to acquire, explore, and develop interests in exploration and evaluation assets. The company holds an interest in the Rattlesnake Hills Gold Property which is located southwest of Casper in Central Wyoming, U.S., and Pen Gold and Dore Gold Projects located in Ontario, Canada.