Orbit Garant Drilling (TSX:OGD) Days Payable : 66.57 (As of Dec. 2023)

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What is Orbit Garant Drilling Days Payable?

Orbit Garant Drilling's average Accounts Payable for the three months ended in Dec. 2023 was C$29.6 Mil. Orbit Garant Drilling's Cost of Goods Sold for the three months ended in Dec. 2023 was C$40.6 Mil. Hence, Orbit Garant Drilling's Days Payable for the three months ended in Dec. 2023 was 66.57.

The historical rank and industry rank for Orbit Garant Drilling's Days Payable or its related term are showing as below:

TSX:OGD' s Days Payable Range Over the Past 10 Years
Min: 51.87 Med: 57.33 Max: 65.49
Current: 62.75

During the past 13 years, Orbit Garant Drilling's highest Days Payable was 65.49. The lowest was 51.87. And the median was 57.33.

TSX:OGD's Days Payable is ranked worse than
67.6% of 1068 companies
in the Metals & Mining industry
Industry Median: 131.36 vs TSX:OGD: 62.75

Orbit Garant Drilling's Days Payable declined from Dec. 2022 (67.99) to Dec. 2023 (66.57). It may suggest that Orbit Garant Drilling accelerated paying its suppliers.

Orbit Garant Drilling Days Payable Historical Data

The historical data trend for Orbit Garant Drilling'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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Orbit Garant Drilling Days Payable Chart

Orbit Garant Drilling Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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65.49

63.13

62.45

64.33

61.15

Orbit Garant Drilling 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															67.99	61.89	56.63	66.88	66.57

Competitive Comparison of Orbit Garant Drilling's Days Payable

For the Other Industrial Metals & Mining subindustry, Orbit Garant Drilling'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.

Orbit Garant Drilling's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Orbit Garant Drilling's Days Payable falls into.

Orbit Garant Drilling 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.

Orbit Garant Drilling'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
=	( (33.578	+	27.621)	/	2 )	/	182.646	*	365
=	30.5995					/	182.646	*	365
=	61.15

Orbit Garant Drilling'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
=	( (31.257	+	27.955)	/	2 )	/	40.581	*	365 / 4
=	29.606					/	40.581	*	365 / 4
=	66.57

Orbit Garant Drilling Days Payable Related Terms

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Orbit Garant Drilling (TSX:OGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orbit Garant Drilling Inc (TSX:OGD) » Definitions » Days Payable

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OBGRF:USA

Address

3200, Jean Jacques Cossette Boulevard, Val-d'Or, QC, CAN, J9P 6Y6

Website

http://www.orbitgarant.com

Orbit Garant Drilling Inc is a Canadian based drilling company providing services to mining companies through all stages of exploration, development, and production. The company operates a surface and underground diamond drilling business. The firm also manufactures conventional drill rigs while also manufacturing and providing other support equipment such as water recirculation systems, heat recovery systems, and fuel-efficient systems. The company operates in Canada, the United States, Central and South America, and West Africa. The majority of the company's revenue is derived from operations in Canada.

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