Wesdome Gold Mines (Wesdome Gold Mines) Days Payable

: 38.34 (As of Dec. 2023)

View and export this data going back to 1989. Start your Free Trial

Wesdome Gold Mines's average Accounts Payable for the three months ended in Dec. 2023 was $24.6 Mil. Wesdome Gold Mines's Cost of Goods Sold for the three months ended in Dec. 2023 was $58.5 Mil. Hence, Wesdome Gold Mines's Days Payable for the three months ended in Dec. 2023 was 38.34.

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

WDOFF' s Days Payable Range Over the Past 10 Years
Min: 41.53 Med: 55.32 Max: 67.78
Current: 41.53

During the past 13 years, Wesdome Gold Mines's highest Days Payable was 67.78. The lowest was 41.53. And the median was 55.32.

WDOFF's Days Payable is ranked worse than
78.67% of 1064 companies
in the Metals & Mining industry
Industry Median: 128.935 vs WDOFF: 41.53

Wesdome Gold Mines's Days Payable declined from Dec. 2022 (74.49) to Dec. 2023 (38.34). It may suggest that Wesdome Gold Mines accelerated paying its suppliers.

Wesdome Gold Mines Days Payable Historical Data

The historical data trend for Wesdome 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.

* Premium members only.

Wesdome Gold Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

55.64

42.24

60.16

69.49

48.22

Wesdome Gold Mines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																74.49	59.21	29.25	36.68	38.34

Competitive Comparison

For the Gold subindustry, Wesdome 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.

Wesdome Gold Mines Days Payable Distribution

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

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

Wesdome 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.

Wesdome Gold Mines'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
=	( (34.573	+	23.603)	/	2 )	/	220.201	*	365
=	29.088					/	220.201	*	365
=	48.22

Wesdome Gold Mines'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
=	( (25.576	+	23.603)	/	2 )	/	58.516	*	365 / 4
=	24.5895					/	58.516	*	365 / 4
=	38.34

Wesdome Gold Mines Days Payable Related Terms

Thank you for viewing the detailed overview of Wesdome Gold Mines's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Wesdome Gold Mines (Wesdome Gold Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wesdome Gold Mines Ltd (OTCPK:WDOFF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RKVA:Germany WDO:Canada

Address

220 Bay Street, Suite 1200, Toronto, ON, CAN, M5J 2W4

Website

https://www.wesdome.com

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground, Kiena Complex and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.