Rochester Resources (TSXV:RCT) Days Payable : 363.17 (As of Nov. 2023)

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What is Rochester Resources Days Payable?

Rochester Resources's average Accounts Payable for the three months ended in Nov. 2023 was C$15.11 Mil. Rochester Resources's Cost of Goods Sold for the three months ended in Nov. 2023 was C$3.80 Mil. Hence, Rochester Resources's Days Payable for the three months ended in Nov. 2023 was 363.17.

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

TSXV:RCT' s Days Payable Range Over the Past 10 Years
Min: 141.45 Med: 269.6 Max: 331.26
Current: 315.92

During the past 13 years, Rochester Resources's highest Days Payable was 331.26. The lowest was 141.45. And the median was 269.60.

TSXV:RCT's Days Payable is ranked better than
59.27% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs TSXV:RCT: 315.92

Rochester Resources's Days Payable increased from Nov. 2022 (245.70) to Nov. 2023 (363.17). It may suggest that Rochester Resources delayed paying its suppliers.

Rochester Resources Days Payable Historical Data

The historical data trend for Rochester 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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Rochester Resources Days Payable Chart

Rochester Resources Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Payable

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274.73

331.26

271.86

215.04

267.33

Rochester Resources Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Payable	Get a 7-Day Free Trial															245.70	291.92	256.08	361.24	363.17

Competitive Comparison of Rochester Resources's Days Payable

For the Gold subindustry, Rochester 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.

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

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

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

Rochester 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.

Rochester Resources's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (9.076	+	13.507)	/	2 )	/	15.417	*	365
=	11.2915					/	15.417	*	365
=	267.33

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

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (14.331	+	15.885)	/	2 )	/	3.796	*	365 / 4
=	15.108					/	3.796	*	365 / 4
=	363.17

Rochester Resources Days Payable Related Terms

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Rochester Resources (TSXV:RCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rochester Resources Ltd (TSXV:RCT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RCTFF:USA

Address

1090 West Georgia Street, Suite 1305, Vancouver, BC, CAN, V6E 3V7

Website

http://www.rochesterresources.com

Rochester Resources Ltd is a Canada-based mineral exploration and development company. Principally, the company is engaged in the business of acquisition, exploration, and development of exploration and evaluation of assets in Mexico. It holds 100% interest in the Mina real and San Francisco properties. The firm operates in one segment being the acquisition, exploration and development of exploration and evaluation assets Its mineral operations are located in Mexico and its corporate assets are located in Canada. It derives revenue from mineral exploration activity in Mexico.

Executives

Jose Manuel Silva

Senior Officer

Rochester Resources (TSXV:RCT) Headlines

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