Maple Gold Mines (FRA:M3G) Days Payable : 2,480.86 (As of Sep. 2023)

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What is Maple Gold Mines Days Payable?

Maple Gold Mines's average Accounts Payable for the three months ended in Sep. 2023 was €0.87 Mil. Maple Gold Mines's Cost of Goods Sold for the three months ended in Sep. 2023 was €0.03 Mil. Hence, Maple Gold Mines's Days Payable for the three months ended in Sep. 2023 was 2,480.86.

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

FRA:M3G' s Days Payable Range Over the Past 10 Years
Min: 1628.98 Med: 5133.49 Max: 105485
Current: 2882.46

During the past 13 years, Maple Gold Mines's highest Days Payable was 105485.00. The lowest was 1628.98. And the median was 5133.49.

FRA:M3G's Days Payable is ranked better than
76.71% of 1065 companies
in the Metals & Mining industry
Industry Median: 130.91 vs FRA:M3G: 2882.46

Maple Gold Mines's Days Payable increased from Jun. 2022 (1,817.18) to Sep. 2023 (2,480.86). It may suggest that Maple Gold Mines delayed paying its suppliers.

Maple Gold Mines Days Payable Historical Data

The historical data trend for Maple Gold Mines'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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Maple Gold Mines Days Payable Chart

Maple Gold Mines Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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6,629.59

1,725.30

3,762.31

2,229.61

1,628.57

Maple Gold Mines Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															1,817.18	1,863.02	1,949.43	2,058.66	2,480.86

Competitive Comparison of Maple Gold Mines's Days Payable

For the Gold subindustry, Maple Gold Mines'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.

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

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

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

Maple Gold Mines 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.

Maple Gold Mines's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.671	+	0.498)	/	2 )	/	0.131	*	365
=	0.5845					/	0.131	*	365
=	1,628.57

Maple Gold Mines's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.991	+	0.749)	/	2 )	/	0.032	*	365 / 4
=	0.87					/	0.032	*	365 / 4
=	2,480.86

Maple Gold Mines Days Payable Related Terms

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Maple Gold Mines (FRA:M3G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Maple Gold Mines Ltd (FRA:M3G) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MGMLF:USA MGM:Canada

Address

600 - 1111 West Hastings Street, 6th Floor, Vancouver, BC, CAN, V6E 2J3

Website

https://www.maplegoldmines.com

Maple Gold Mines Ltd is a Canadian advanced exploration company in a 50/50 joint venture with Agnico Eagle Mines Ltd to jointly advance the district-scale Douay and Joutel gold projects located in Quebec's prolific Abitibi Greenstone Gold Belt. The district-scale property package also hosts a significant number of regional exploration targets along a 55 km strike length of the Casa Berardi Deformation Zone that have yet to be tested through drilling, making the project ripe for new gold and polymetallic discoveries. Its segment includes mineral exploration in Canada. The company is well-capitalized and is currently focused on carrying out exploration and drill programs to grow resources and make new discoveries to establish an exciting new gold district in the heart of the Abitibi.

Maple Gold Mines (FRA:M3G) Headlines

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