Gold Mountain Mining (TSX:GMTN) Days Payable : 105.39 (As of Oct. 2023)

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What is Gold Mountain Mining Days Payable?

Gold Mountain Mining's average Accounts Payable for the three months ended in Oct. 2023 was C$5.16 Mil. Gold Mountain Mining's Cost of Goods Sold for the three months ended in Oct. 2023 was C$4.47 Mil. Hence, Gold Mountain Mining's Days Payable for the three months ended in Oct. 2023 was 105.39.

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

TSX:GMTN' s Days Payable Range Over the Past 10 Years
Min: 59.92 Med: 59.92 Max: 100.19
Current: 100.19

During the past 5 years, Gold Mountain Mining's highest Days Payable was 100.19. The lowest was 59.92. And the median was 59.92.

TSX:GMTN's Days Payable is ranked worse than
55.02% of 1065 companies
in the Metals & Mining industry
Industry Median: 129.97 vs TSX:GMTN: 100.19

Gold Mountain Mining's Days Payable increased from Oct. 2022 (73.41) to Oct. 2023 (105.39). It may suggest that Gold Mountain Mining delayed paying its suppliers.

Gold Mountain Mining Days Payable Historical Data

The historical data trend for Gold Mountain Mining'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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Gold Mountain Mining Days Payable Chart

Gold Mountain Mining Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Days Payable

59.92

Gold Mountain Mining Quarterly Data
	Jan19	Jan20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Days Payable	Get a 7-Day Free Trial									73.41	63.86	85.49	121.61	105.39

Competitive Comparison of Gold Mountain Mining's Days Payable

For the Gold subindustry, Gold Mountain Mining'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.

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

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

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

Gold Mountain Mining 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.

Gold Mountain Mining'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
=	( (1.433	+	2.126)	/	2 )	/	10.84	*	365
=	1.7795					/	10.84	*	365
=	59.92

Gold Mountain Mining'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
=	( (3.965	+	6.349)	/	2 )	/	4.465	*	365 / 4
=	5.157					/	4.465	*	365 / 4
=	105.39

Gold Mountain Mining Days Payable Related Terms

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Gold Mountain Mining (TSX:GMTN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Mountain Mining Corp (TSX:GMTN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GMTNF:USA 5XFA:Germany

Address

1285 West Pender Street, Suite 1000, Vancouver, BC, CAN, V6E 4B1

Website

https://www.gold-mountain.ca

Gold Mountain Mining Corp is a gold and silver exploration and development company. It focuses on the expansion of the resource at the Elk Gold Project, a past-producing mine located 57 km from Merritt in South Central British Columbia. It operates in a single segment, being the production of crushed ore and mineral exploration and development of resources.

Gold Mountain Mining (TSX:GMTN) Headlines

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