Asante Gold (Asante Gold) Days Payable : 115.45 (As of Oct. 2023)

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What is Asante Gold Days Payable?

Asante Gold's average Accounts Payable for the three months ended in Oct. 2023 was $144.2 Mil. Asante Gold's Cost of Goods Sold for the three months ended in Oct. 2023 was $114.0 Mil. Hence, Asante Gold's Days Payable for the three months ended in Oct. 2023 was 115.45.

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

ASGOF' s Days Payable Range Over the Past 10 Years
Min: 80.99 Med: 80.99 Max: 86.1
Current: 86.1

During the past 12 years, Asante Gold's highest Days Payable was 86.10. The lowest was 80.99. And the median was 80.99.

ASGOF's Days Payable is ranked worse than
57.56% of 1065 companies
in the Metals & Mining industry
Industry Median: 129.97 vs ASGOF: 86.10

Asante Gold's Days Payable increased from Oct. 2022 (73.92) to Oct. 2023 (115.45). It may suggest that Asante Gold delayed paying its suppliers.

Asante Gold Days Payable Historical Data

The historical data trend for Asante 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.

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Asante Gold Days Payable Chart

Asante Gold Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Days Payable

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81.30

Asante Gold Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Days Payable	Get a 7-Day Free Trial															73.92	63.99	80.81	93.03	115.45

Competitive Comparison of Asante Gold's Days Payable

For the Gold subindustry, Asante 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.

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

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

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

Asante 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.

Asante Gold's Days Payable for the fiscal year that ended in Jan. 2023 is calculated as

	Days Payable (A: Jan. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2022 )	+	Accounts Payable (A: Jan. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2023 )	*	Days in Period
=	( (7.42	+	110.712)	/	2 )	/	265.185	*	365
=	59.066					/	265.185	*	365
=	81.30

Asante Gold's Days Payable for the quarter that ended in Oct. 2023 is calculated as:

	Days Payable (Q: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2023 )	+	Accounts Payable (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (146.276	+	142.193)	/	2 )	/	114.002	*	365 / 4
=	144.2345					/	114.002	*	365 / 4
=	115.45

Asante Gold Days Payable Related Terms

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Asante Gold (Asante Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Asante Gold Corp (OTCPK:ASGOF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

1A9:Germany ASE:Canada

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.asantegold.com

Asante Gold Corp is an exploration stage company. It plans to capitalize on the gold-rich and growing mining environment by continuing to build assets through exploration, development, and acquisitions. The company is involved in the exploration and evaluation of mineral properties in Ghana, West Africa. The group portfolio consists of various projects namely Fahiakoba, Betanase, Keyhole, and Kubi and it generally explores gold deposits. The company has also acquired the Bibiani gold mine from Resolute Mining.

Asante Gold (Asante Gold) Headlines

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