Ascot Resources (TSX:AOT) Days Payable : 19,980.58 (As of Dec. 2023)

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What is Ascot Resources Days Payable?

Ascot Resources's average Accounts Payable for the three months ended in Dec. 2023 was C$31.53 Mil. Ascot Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.14 Mil. Hence, Ascot Resources's Days Payable for the three months ended in Dec. 2023 was 19,980.58.

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

TSX:AOT' s Days Payable Range Over the Past 10 Years
Min: 580.4 Med: 2629.45 Max: 13479.27
Current: 13479.27

During the past 13 years, Ascot Resources's highest Days Payable was 13479.27. The lowest was 580.40. And the median was 2629.45.

TSX:AOT's Days Payable is ranked better than
90.17% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs TSX:AOT: 13479.27

Ascot Resources's Days Payable increased from Dec. 2022 (7,990.54) to Dec. 2023 (19,980.58). It may suggest that Ascot Resources delayed paying its suppliers.

Ascot Resources Days Payable Historical Data

The historical data trend for Ascot 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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Ascot Resources Days Payable Chart

Ascot Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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580.40

958.45

3,577.98

6,830.95

12,935.30

Ascot Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															7,990.54	10,241.75	10,374.14	13,140.57	19,980.58

Competitive Comparison of Ascot Resources's Days Payable

For the Other Industrial Metals & Mining subindustry, Ascot 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.

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

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

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

Ascot 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.

Ascot Resources'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
=	( (6.504	+	33.117)	/	2 )	/	0.559	*	365
=	19.8105					/	0.559	*	365
=	12,935.30

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

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (29.945	+	33.117)	/	2 )	/	0.144	*	365 / 4
=	31.531					/	0.144	*	365 / 4
=	19,980.58

Ascot Resources Days Payable Related Terms

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Ascot Resources (TSX:AOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ascot Resources Ltd (TSX:AOT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AOTVF:USA BHQ:Germany

Address

1095 West Pender Street, Suite 1050, Vancouver, BC, CAN, V6E 2M6

Website

https://www.ascotgold.com

Ascot Resources Ltd is a development and exploration company. It is a focused gold and silver explorer with a portfolio of advanced and grassroots projects in the Golden Triangle region of British Columbia. It holds an interest in Premier Gold Project and Red Mountain Project. The company also has two other properties; Swamp Point, an aggregate project located in British Columbia on the Portland Canal, and Mt. Margaret, a porphyry copper-molybdenum-gold-silver deposit located in Washington State, USA.

Ascot Resources (TSX:AOT) Headlines

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