Eldorado Gold (Eldorado Gold) Days Payable

: 41.25 (As of Dec. 2023)

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Eldorado Gold's average Accounts Payable for the three months ended in Dec. 2023 was $93 Mil. Eldorado Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was $206 Mil. Hence, Eldorado Gold's Days Payable for the three months ended in Dec. 2023 was 41.25.

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

EGO' s Days Payable Range Over the Past 10 Years
Min: 36.88 Med: 44.23 Max: 97.35
Current: 41.65

During the past 13 years, Eldorado Gold's highest Days Payable was 97.35. The lowest was 36.88. And the median was 44.23.

EGO's Days Payable is ranked worse than
78.67% of 1064 companies
in the Metals & Mining industry
Industry Median: 128.935 vs EGO: 41.65

Eldorado Gold's Days Payable increased from Dec. 2022 (36.30) to Dec. 2023 (41.25). It may suggest that Eldorado Gold delayed paying its suppliers.

Eldorado Gold Days Payable Historical Data

The historical data trend for Eldorado 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.

Eldorado Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

39.67

36.37

38.16

38.06

41.49

Eldorado 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																36.30	39.83	-	-	41.25

Competitive Comparison

For the Gold subindustry, Eldorado 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.

Eldorado Gold Days Payable Distribution

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

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

Eldorado 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.

Eldorado 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
=	( (74.907	+	93.325)	/	2 )	/	740.034	*	365
=	84.116					/	740.034	*	365
=	41.49

Eldorado 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
=	( (0	+	93.325)	/	1 )	/	206.437	*	365 / 4
=	93.325					/	206.437	*	365 / 4
=	41.25

Eldorado Gold Days Payable Related Terms

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Eldorado Gold (Eldorado Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eldorado Gold Corp (NYSE:EGO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ELO1:Germany ELD:Canada

Address

550 Burrard Street, Suite 1188, Bentall 5, Vancouver, BC, CAN, V6C 2B5

Website

https://www.eldoradogold.com

Eldorado Gold Corp is a gold and base metals producer with mining, development, and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill, and Certej projects.