NuLegacy Gold (TSXV:NUG) Days Payable : 1,803.94 (As of Dec. 2023)

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What is NuLegacy Gold Days Payable?

NuLegacy Gold's average Accounts Payable for the three months ended in Dec. 2023 was C$0.26 Mil. NuLegacy Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.01 Mil. Hence, NuLegacy Gold's Days Payable for the three months ended in Dec. 2023 was 1,803.94.

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

TSXV:NUG' s Days Payable Range Over the Past 10 Years
Min: 380.21 Med: 649.8 Max: 1671.43
Current: 1023.24

During the past 13 years, NuLegacy Gold's highest Days Payable was 1671.43. The lowest was 380.21. And the median was 649.80.

TSXV:NUG's Days Payable is ranked better than
67.91% of 1069 companies
in the Metals & Mining industry
Industry Median: 129.97 vs TSXV:NUG: 1023.24

NuLegacy Gold's Days Payable increased from Dec. 2022 (1,332.25) to Dec. 2023 (1,803.94). It may suggest that NuLegacy Gold delayed paying its suppliers.

NuLegacy Gold Days Payable Historical Data

The historical data trend for NuLegacy 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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NuLegacy Gold Days Payable Chart

NuLegacy Gold Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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516.51

747.03

1,671.43

1,013.09

552.57

NuLegacy 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															1,332.25	506.44	828.27	951.11	1,803.94

Competitive Comparison of NuLegacy Gold's Days Payable

For the Gold subindustry, NuLegacy 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.

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

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

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

NuLegacy 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.

NuLegacy Gold's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.073	+	0.145)	/	2 )	/	0.072	*	365
=	0.109					/	0.072	*	365
=	552.57

NuLegacy 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
=	( (0.18	+	0.334)	/	2 )	/	0.013	*	365 / 4
=	0.257					/	0.013	*	365 / 4
=	1,803.94

NuLegacy Gold Days Payable Related Terms

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

NuLegacy Gold (TSXV:NUG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NuLegacy Gold Corp (TSXV:NUG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NULGF:USA 7NU:Germany

Address

1055 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6E 2E9

Website

https://www.nulegacygold.com

NuLegacy Gold Corp is an exploration company. It is engaged in the business of exploration, development, and extraction of gold and other precious metals. The company mainly operates its business activities from Nevada through its Red Hill property which is located on trend and adjacent to the three multi-million ounces Carlin-type gold deposits (the Pipeline, Cortez Hills, and Goldrush deposits) that are amongst Barrick Gold mines.

NuLegacy Gold (TSXV:NUG) Headlines

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