Goldgroup Mining (TSXV:GGA) Days Payable : 318.36 (As of Dec. 2023)

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What is Goldgroup Mining Days Payable?

Goldgroup Mining's average Accounts Payable for the three months ended in Dec. 2023 was C$17.27 Mil. Goldgroup Mining's Cost of Goods Sold for the three months ended in Dec. 2023 was C$4.95 Mil. Hence, Goldgroup Mining's Days Payable for the three months ended in Dec. 2023 was 318.36.

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

TSXV:GGA' s Days Payable Range Over the Past 10 Years
Min: 88.62 Med: 112.83 Max: 3137.64
Current: 527.85

During the past 13 years, Goldgroup Mining's highest Days Payable was 3137.64. The lowest was 88.62. And the median was 112.83.

TSXV:GGA's Days Payable is ranked better than
62.78% of 1064 companies
in the Metals & Mining industry
Industry Median: 130.44 vs TSXV:GGA: 527.85

Goldgroup Mining's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (318.36). It may suggest that Goldgroup Mining delayed paying its suppliers.

Goldgroup Mining Days Payable Historical Data

The historical data trend for Goldgroup 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.

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Goldgroup Mining Days Payable Chart

Goldgroup Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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105.24

112.83

132.88

3,137.64

549.18

Goldgroup Mining 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															-	-	1,728.64	271.97	318.36

Competitive Comparison of Goldgroup Mining's Days Payable

For the Gold subindustry, Goldgroup 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.

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

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

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

Goldgroup 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.

Goldgroup Mining'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
=	( (15.651	+	18.07)	/	2 )	/	11.206	*	365
=	16.8605					/	11.206	*	365
=	549.18

Goldgroup Mining'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
=	( (16.477	+	18.07)	/	2 )	/	4.951	*	365 / 4
=	17.2735					/	4.951	*	365 / 4
=	318.36

Goldgroup Mining Days Payable Related Terms

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Goldgroup Mining (TSXV:GGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldgroup Mining Inc (TSXV:GGA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GGAZF:USA GGA:Mexico 55G0:Germany

Address

1166 Alberni Street, Suite 1201, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.goldgroupmining.com

Goldgroup Mining Inc is a Canadian-based gold production, development, and exploration company with an upside in a portfolio of projects in Mexico, including an interest in DynaResource de Mexico, S.A. de C.V., which owns 100% of the high-grade gold exploration project, San Jose de Gracia, located in the State of Sinaloa. In addition, the company operates its 100%-owned Cerro Prieto heap-leach gold mine, in the State of Sonora, Mexico.

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