Rio2 (RIOFF) Days Payable : 136.66 (As of Sep. 2023)

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What is Rio2 Days Payable?

Rio2's average Accounts Payable for the three months ended in Sep. 2023 was $0.63 Mil. Rio2's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.42 Mil. Hence, Rio2's Days Payable for the three months ended in Sep. 2023 was 136.66.

The historical rank and industry rank for Rio2's Days Payable or its related term are showing as below:

RIOFF' s Days Payable Range Over the Past 10 Years
Min: 148.55 Med: 12320.5 Max: 60225
Current: 148.55

During the past 13 years, Rio2's highest Days Payable was 60225.00. The lowest was 148.55. And the median was 12320.50.

RIOFF's Days Payable is ranked better than
52.02% of 1065 companies
in the Metals & Mining industry
Industry Median: 128.84 vs RIOFF: 148.55

Rio2's Days Payable increased from Sep. 2022 (0.00) to Sep. 2023 (136.66). It may suggest that Rio2 delayed paying its suppliers.

Rio2 Days Payable Historical Data

The historical data trend for Rio2'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.

Rio2 Days Payable Chart

Rio2 Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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11,077.20

22,227.56

12,536.53

11,855.30

327.75

Rio2 Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															-	135.05	203.03	-	136.66

Competitive Comparison of Rio2's Days Payable

For the Gold subindustry, Rio2'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.

Rio2's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Rio2's Days Payable distribution charts can be found below:

* The bar in red indicates where Rio2's Days Payable falls into.

Rio2 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.

Rio2'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
=	( (2.765	+	1.335)	/	2 )	/	2.283	*	365
=	2.05					/	2.283	*	365
=	327.75

Rio2'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: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	0.629)	/	1 )	/	0.42	*	365 / 4
=	0.629					/	0.42	*	365 / 4
=	136.66

Rio2 Days Payable Related Terms

Thank you for viewing the detailed overview of Rio2's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Rio2 (RIOFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rio2 Ltd (OTCPK:RIOFF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

1SB:Germany RIO:Canada

Address

355 Burrard Street, Suite 1000, The Marine Building, Vancouver, BC, CAN, V6C 2G8

Website

https://www.rio2.com

Rio2 Ltd is a mining company with a focus on development and mining operations. It focuses on taking its Fenix Gold Project in Chile to production in the shortest possible timeframe based on a staged development strategy. In addition to the Fenix Gold Project in development in Chile. The Company has four operating segments in four geographic areas which is the corporate office in Canada, the financing of the Fenix Gold Project in the Bahamas the support of the Fenix Gold Project in Peru, and the development of the Fenix Gold Project in Chile.

Rio2 (RIOFF) Headlines

From GuruFocus

Rio2 Secures Environmental Approval for Fenix Gold Project

By GlobeNewswire • 12-20-2023

Rio2 Limited Gets Approval for Issuing Shares in Lieu of Salaries

By GlobeNewswire GlobeNewswire • 03-27-2023

Rio2 Prices C$25 Million Marketed Public Offering and US$5 Million Non-Brokered Private Placement

By GlobeNewswire GlobeNewswire • 07-22-2021

Rio2 Limited Issues Shares In Lieu of Salaries

By GlobeNewswire • 10-06-2023