Golconda Gold (TSXV:GG) Days Payable : 135.24 (As of Sep. 2023)

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What is Golconda Gold Days Payable?

Golconda Gold's average Accounts Payable for the three months ended in Sep. 2023 was C$4.34 Mil. Golconda Gold's Cost of Goods Sold for the three months ended in Sep. 2023 was C$2.93 Mil. Hence, Golconda Gold's Days Payable for the three months ended in Sep. 2023 was 135.24.

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

TSXV:GG' s Days Payable Range Over the Past 10 Years
Min: 26.67 Med: 69.94 Max: 261.31
Current: 120.62

During the past 13 years, Golconda Gold's highest Days Payable was 261.31. The lowest was 26.67. And the median was 69.94.

TSXV:GG's Days Payable is ranked worse than
50.89% of 1067 companies
in the Metals & Mining industry
Industry Median: 128.35 vs TSXV:GG: 120.62

Golconda Gold's Days Payable increased from Sep. 2022 (92.13) to Sep. 2023 (135.24). It may suggest that Golconda Gold delayed paying its suppliers.

Golconda Gold Days Payable Historical Data

The historical data trend for Golconda Gold'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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Golconda Gold Days Payable Chart

Golconda Gold Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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69.19

69.94

261.31

87.96

Golconda Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															92.13	101.14	124.39	137.80	135.24

Competitive Comparison of Golconda Gold's Days Payable

For the Gold subindustry, Golconda Gold'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.

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

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

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

Golconda Gold 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.

Golconda Gold's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (2.948	+	4.586)	/	2 )	/	15.631	*	365
=	3.767					/	15.631	*	365
=	87.96

Golconda Gold's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (4.754	+	3.928)	/	2 )	/	2.929	*	365 / 4
=	4.341					/	2.929	*	365 / 4
=	135.24

Golconda Gold Days Payable Related Terms

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Golconda Gold (TSXV:GG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golconda Gold Ltd (TSXV:GG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GGGOF:USA Y87:Germany

Address

181 Bay Street, Suite 1800, Toronto, ON, CAN, M5J 2T9

Website

https://www.galanegold.com

Golconda Gold Ltd is an un-hedged gold producer and explorer with mining operations and exploration tenements in Botswana, South Africa and New Mexico. The company's projects include Mupane in Botswana; Galaxy in South Africa; and Summit and Banner Mill in the United States of America. It has one reportable segment, being the exploration, development and operation of gold mining properties.