Nevada Exploration (TSXV:NGE) Days Payable : 1,239.48 (As of Jan. 2024)

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What is Nevada Exploration Days Payable?

Nevada Exploration's average Accounts Payable for the three months ended in Jan. 2024 was C$0.16 Mil. Nevada Exploration's Cost of Goods Sold for the three months ended in Jan. 2024 was C$0.01 Mil. Hence, Nevada Exploration's Days Payable for the three months ended in Jan. 2024 was 1,239.48.

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

TSXV:NGE' s Days Payable Range Over the Past 10 Years
Min: 113.28 Med: 656.76 Max: 19579.64
Current: 1886.23

During the past 13 years, Nevada Exploration's highest Days Payable was 19579.64. The lowest was 113.28. And the median was 656.76.

TSXV:NGE's Days Payable is ranked better than
72.22% of 1069 companies
in the Metals & Mining industry
Industry Median: 129.08 vs TSXV:NGE: 1886.23

Nevada Exploration's Days Payable declined from Jan. 2023 (4,302.17) to Jan. 2024 (1,239.48). It may suggest that Nevada Exploration accelerated paying its suppliers.

Nevada Exploration Days Payable Historical Data

The historical data trend for Nevada Exploration'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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Nevada Exploration Days Payable Chart

Nevada Exploration Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Days Payable

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121.67

639.88

1,395.82

923.24

673.64

Nevada Exploration Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															4,302.17	2,828.75	1,277.50	1,242.61	1,239.48

Competitive Comparison of Nevada Exploration's Days Payable

For the Gold subindustry, Nevada Exploration'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.

Nevada Exploration's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Nevada Exploration's Days Payable falls into.

Nevada Exploration 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.

Nevada Exploration's Days Payable for the fiscal year that ended in Apr. 2023 is calculated as

	Days Payable (A: Apr. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Apr. 2022 )	+	Accounts Payable (A: Apr. 2023 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2023 )	*	Days in Period
=	( (0.059	+	0.192)	/	2 )	/	0.068	*	365
=	0.1255					/	0.068	*	365
=	673.64

Nevada Exploration's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (0.179	+	0.147)	/	2 )	/	0.012	*	365 / 4
=	0.163					/	0.012	*	365 / 4
=	1,239.48

Nevada Exploration Days Payable Related Terms

Thank you for viewing the detailed overview of Nevada Exploration's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Nevada Exploration (TSXV:NGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevada Exploration Inc (TSXV:NGE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NVDEF:USA 28N0:Germany

Address

885 West Georgia Street, Suite 1400, Vancouver, BC, CAN, V6C 3E8

Website

https://www.nevadaexploration.com

Nevada Exploration Inc is in the business of acquiring and exploring mineral properties. The company's project includes South Grass Valley, Grass Valley, Kelly Creek, Awakening. It has a presence in the United States and Canada.

Nevada Exploration (TSXV:NGE) Headlines

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