New Gold (TSX:NGD) Days Payable

: 27.58 (As of Dec. 2023)

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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:

TSX:NGD' s Days Payable Range Over the Past 10 Years
Min: 15.65 Med: 29.02 Max: 48.03
Current: 29.31

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.

TSX:NGD's Days Payable is ranked worse than
85.07% of 1065 companies
in the Metals & Mining industry
Industry Median: 129.97 vs TSX:NGD: 29.31

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.

New Gold Days Payable Historical Data

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.

* Premium members only.

New Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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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															35.64	30.52	29.15	25.72	27.58

Competitive Comparison

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.

New Gold Days Payable Distribution

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.

New 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.

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

New Gold Days Payable Related Terms

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New Gold (TSX:NGD) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

NGD:USA 32N:Germany

Address

181 Bay Street, Suite 3320, Toronto, ON, CAN, M5J 2T3

Website

https://www.newgold.com

New Gold Inc participates in the development and operation of intermediate mining properties. The company has a portfolio of two primary assets: the Rainy River Mine and the New Afton Mine in Canada. The company also owns the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of gold, copper, and silver to various banks engaged in the trading of precious metals and refineries.