Centerra Gold (TSX:CG) Days Payable : 57.90 (As of Dec. 2023)

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What is Centerra Gold Days Payable?

Centerra Gold's average Accounts Payable for the three months ended in Dec. 2023 was C$172 Mil. Centerra Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was C$271 Mil. Hence, Centerra Gold's Days Payable for the three months ended in Dec. 2023 was 57.90.

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

TSX:CG' s Days Payable Range Over the Past 10 Years
Min: 23.5 Med: 54.74 Max: 102.62
Current: 59.43

During the past 13 years, Centerra Gold's highest Days Payable was 102.62. The lowest was 23.50. And the median was 54.74.

TSX:CG's Days Payable is ranked worse than
68.83% of 1065 companies
in the Metals & Mining industry
Industry Median: 128.84 vs TSX:CG: 59.43

Centerra Gold's Days Payable declined from Dec. 2022 (63.62) to Dec. 2023 (57.90). It may suggest that Centerra Gold accelerated paying its suppliers.

Centerra Gold Days Payable Historical Data

The historical data trend for Centerra 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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Centerra Gold Days Payable Chart

Centerra Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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57.33

102.62

54.20

47.37

41.84

Centerra 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	Get a 7-Day Free Trial															63.62	56.14	81.11	63.66	57.90

Competitive Comparison of Centerra Gold's Days Payable

For the Gold subindustry, Centerra 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.

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

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

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

Centerra 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.

Centerra 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
=	( (151.095	+	104.492)	/	2 )	/	1114.725	*	365
=	127.7935					/	1114.725	*	365
=	41.84

Centerra 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
=	( (239.228	+	104.492)	/	2 )	/	270.858	*	365 / 4
=	171.86					/	270.858	*	365 / 4
=	57.90

Centerra Gold Days Payable Related Terms

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Centerra Gold (TSX:CG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Centerra Gold Inc (TSX:CG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CGAU:USA GOU:Germany

Address

1 University Avenue, Suite 1500, Toronto, ON, CAN, M5J 2P1

Website

https://www.centerragold.com

Centerra Gold Inc a gold mining and exploration company engaged in the operation, exploration, development, and acquisition of gold properties in Asia, North America, and other markets worldwide. The company manages its reportable operating segments by a combination of geographic location and products. The Kyrgyz Republic segment includes the operations of the Kumtor Gold Project. The Turkish segment represents the development of the OksUt Project. The North America Gold- Copper segment represents the operations of the Mount Milligan Mine. The North America Molybdenum segment includes the operations of the Langeloth processing facility and the care and maintenance activities of the Endako and Thompson Creek Mines.