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New Gold's average Accounts Payable for the three months ended in Dec. 2023 was C$76 Mil. New Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was C$251 Mil. Hence, New Gold's Days Payable for the three months ended in Dec. 2023 was 27.58.
The historical rank and industry rank for New Gold's Days Payable or its related term are showing as below:
During the past 13 years, New Gold's highest Days Payable was 48.03. The lowest was 15.65. And the median was 29.02.
New Gold's Days Payable declined from Dec. 2022 (35.64) to Dec. 2023 (27.58). It may suggest that New Gold accelerated paying its suppliers.
The historical data trend for New 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.
New Gold Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Days Payable | Get a 7-Day Free Trial |
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26.15 | 28.22 | 29.82 | 34.98 | 33.77 |
New 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 |
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35.64 | 30.52 | 29.15 | 25.72 | 27.58 |
For the Gold subindustry, New 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.
For the Metals & Mining industry and Basic Materials sector, New Gold's Days Payable distribution charts can be found below:
* The bar in red indicates where New Gold's Days Payable falls into.
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.
New 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 |
= | ( (83.955 | + | 85.997) | / | 2 ) | / | 918.459 | * | 365 |
= | 84.976 | / | 918.459 | * | 365 | ||||
= | 33.77 |
New 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 |
= | ( (65.49 | + | 85.997) | / | 2 ) | / | 250.611 | * | 365 / 4 |
= | 75.7435 | / | 250.611 | * | 365 / 4 | ||||
= | 27.58 |
* 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.
Thank you for viewing the detailed overview of New Gold's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.
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