Orla Mining (Orla Mining) Days Payable : 17.85 (As of Dec. 2023)

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What is Orla Mining Days Payable?

Orla Mining's average Accounts Payable for the three months ended in Dec. 2023 was $5.2 Mil. Orla Mining's Cost of Goods Sold for the three months ended in Dec. 2023 was $26.3 Mil. Hence, Orla Mining's Days Payable for the three months ended in Dec. 2023 was 17.85.

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

ORLA' s Days Payable Range Over the Past 10 Years
Min: 18.3 Med: 1155.83 Max: 4380
Current: 18.3

During the past 13 years, Orla Mining's highest Days Payable was 4380.00. The lowest was 18.30. And the median was 1155.83.

ORLA's Days Payable is ranked worse than
93.05% of 1065 companies
in the Metals & Mining industry
Industry Median: 128.84 vs ORLA: 18.30

Orla Mining's Days Payable declined from Dec. 2022 (24.57) to Dec. 2023 (17.85). It may suggest that Orla Mining accelerated paying its suppliers.

Orla Mining Days Payable Historical Data

The historical data trend for Orla 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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Orla Mining Days Payable Chart

Orla Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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4,141.35

1,121.63

35.38

24.66

Orla 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															24.57	22.78	12.65	14.25	17.85

Competitive Comparison of Orla Mining's Days Payable

For the Gold subindustry, Orla 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.

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

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

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

Orla 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.

Orla 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
=	( (6.707	+	5.739)	/	2 )	/	92.116	*	365
=	6.223					/	92.116	*	365
=	24.66

Orla 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
=	( (4.565	+	5.739)	/	2 )	/	26.339	*	365 / 4
=	5.152					/	26.339	*	365 / 4
=	17.85

Orla Mining Days Payable Related Terms

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Orla Mining (Orla Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orla Mining Ltd (AMEX:ORLA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

O8M:Germany OLA:Canada

Address

1075 West Georgia Street, Suite 1010, Vancouver, BC, CAN, V6E 3C9

Website

https://www.orlamining.com

Orla Mining Ltd is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties. The company holds two gold projects; the Camino Rojo gold and silver project in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. It conducts business activities in the geographic areas of Mexico, Panama, the United States, and Canada.