Soma Gold (TSXV:SOMA) Days Payable : 37.27 (As of Dec. 2023)

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What is Soma Gold Days Payable?

Soma Gold's average Accounts Payable for the three months ended in Dec. 2023 was C$6.62 Mil. Soma Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was C$16.21 Mil. Hence, Soma Gold's Days Payable for the three months ended in Dec. 2023 was 37.27.

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

TSXV:SOMA' s Days Payable Range Over the Past 10 Years
Min: 43.39 Med: 67.21 Max: 40871.7
Current: 43.39

During the past 13 years, Soma Gold's highest Days Payable was 40871.70. The lowest was 43.39. And the median was 67.21.

TSXV:SOMA's Days Payable is ranked worse than
77.64% of 1069 companies
in the Metals & Mining industry
Industry Median: 129.08 vs TSXV:SOMA: 43.39

Soma Gold's Days Payable declined from Dec. 2022 (51.08) to Dec. 2023 (37.27). It may suggest that Soma Gold accelerated paying its suppliers.

Soma Gold Days Payable Historical Data

The historical data trend for Soma 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.

* Premium members only.

Soma Gold Days Payable Chart

Soma Gold Annual Data

Trend

Aug14

Aug15

Sep16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40,871.70

70.21

50.72

64.21

49.22

Soma Gold 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															51.08	56.48	39.48	39.92	37.27

Competitive Comparison of Soma Gold's Days Payable

For the Gold subindustry, Soma 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.

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

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

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

Soma 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.

Soma Gold'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
=	( (6.992	+	7.359)	/	2 )	/	53.211	*	365
=	7.1755					/	53.211	*	365
=	49.22

Soma Gold'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
=	( (5.881	+	7.359)	/	2 )	/	16.206	*	365 / 4
=	6.62					/	16.206	*	365 / 4
=	37.27

Soma Gold Days Payable Related Terms

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

Soma Gold (TSXV:SOMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Soma Gold Corp (TSXV:SOMA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SMAGF:USA 8PR1:Germany

Address

1050 West Pender Street, Suite 970, Vancouver, BC, CAN, V6E 3S7

Website

https://www.somagoldcorp.com

Soma Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. It operates El Bagre Gold Mining Complex. The El Bagre operations consist of a gold processing plant, the La Ye and Los Mangos operating underground gold mines, and the Cordero mine development project. The Company produces dore which contains both gold and silver. The dore is further processed to produce refined metals.

Executives

Jean-francois Meilleur

Senior Officer

Soma Gold (TSXV:SOMA) Headlines

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