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Argonaut Gold Days Payable

: 62.21 (As of Mar. 2022)
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Argonaut Gold's average Accounts Payable for the three months ended in Mar. 2022 was $57.4 Mil. Argonaut Gold's Cost of Goods Sold for the three months ended in Mar. 2022 was $84.1 Mil. Hence, Argonaut Gold's Days Payable for the three months ended in Mar. 2022 was 62.21.

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

ARNGF' s Days Payable Range Over the Past 10 Years
Min: 23.09   Med: 34.7   Max: 52.64
Current: 49.81

During the past 13 years, Argonaut Gold's highest Days Payable was 52.64. The lowest was 23.09. And the median was 34.70.

ARNGF's Days Payable is ranked worse than
72.81% of 1048 companies
in the Metals & Mining industry
Industry Median: 111.46 vs ARNGF: 49.81

Argonaut Gold's Days Payable increased from Mar. 2021 (40.81) to Mar. 2022 (62.21). It may suggest that Argonaut Gold delayed paying its suppliers.


Argonaut Gold Days Payable Historical Data

The historical data trend for Argonaut 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.

Argonaut Gold Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Days Payable
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.08 37.82 33.62 44.55 52.63

Argonaut Gold Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.81 42.98 40.21 51.76 62.21

Competitive Comparison

For the Gold subindustry, Argonaut 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.

   

Argonaut Gold Days Payable Distribution

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

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



Argonaut 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.

Argonaut Gold's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

Days Payable (A: Dec. 2021 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2020 ) + Accounts Payable (A: Dec. 2021 )) / count ) / Cost of Goods Sold (A: Dec. 2021 )*Days in Period
=( (30.182 + 62.839) / 2 ) / 322.551*365
=46.5105 / 322.551*365
=52.63

Argonaut Gold's Days Payable for the quarter that ended in Mar. 2022 is calculated as:

Days Payable (Q: Mar. 2022 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2021 ) + Accounts Payable (Q: Mar. 2022 )) / count ) / Cost of Goods Sold (Q: Mar. 2022 )*Days in Period
=( (62.839 + 51.894) / 2 ) / 84.139*365 / 4
=57.3665 / 84.139*365 / 4
=62.21

* 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.


Argonaut Gold Days Payable Related Terms

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Argonaut Gold Business Description

Argonaut Gold logo
Traded in Other Exchanges
Address
9600 Prototype Court, Reno, NV, USA, 89521
Argonaut Gold Inc is a Canadian gold company engaged in exploration, mine development and production. Its primary assets are the El Castillo mine and San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico and the Florida Canyon mine in Nevada, USA. The company also holds the construction stage Magino project, the advanced exploration stage Cerro del Gallo project and several other exploration stage projects, all of which are located in North America.

Argonaut Gold Headlines

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