Riverside Resources (TSXV:RRI) Days Payable : 2,682.75 (As of Dec. 2023)

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What is Riverside Resources Days Payable?

Riverside Resources's average Accounts Payable for the three months ended in Dec. 2023 was C$0.29 Mil. Riverside Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.01 Mil. Hence, Riverside Resources's Days Payable for the three months ended in Dec. 2023 was 2,682.75.

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

TSXV:RRI' s Days Payable Range Over the Past 10 Years
Min: 958.9 Med: 1863.93 Max: 2389.09
Current: 1224.15

During the past 13 years, Riverside Resources's highest Days Payable was 2389.09. The lowest was 958.90. And the median was 1863.93.

TSXV:RRI's Days Payable is ranked better than
69.66% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs TSXV:RRI: 1224.15

Riverside Resources's Days Payable increased from Dec. 2022 (1,235.38) to Dec. 2023 (2,682.75). It may suggest that Riverside Resources delayed paying its suppliers.

Riverside Resources Days Payable Historical Data

The historical data trend for Riverside Resources'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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Riverside Resources Days Payable Chart

Riverside Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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2,339.32

958.90

2,276.45

2,062.54

2,389.09

Riverside Resources 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															1,235.38	677.36	554.02	1,742.88	2,682.75

Competitive Comparison of Riverside Resources's Days Payable

For the Other Precious Metals & Mining subindustry, Riverside Resources'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.

Riverside Resources's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Riverside Resources's Days Payable falls into.

Riverside Resources 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.

Riverside Resources's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (0.238	+	0.482)	/	2 )	/	0.055	*	365
=	0.36					/	0.055	*	365
=	2,389.09

Riverside Resources'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
=	( (0.482	+	0.106)	/	2 )	/	0.01	*	365 / 4
=	0.294					/	0.01	*	365 / 4
=	2,682.75

Riverside Resources Days Payable Related Terms

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

Riverside Resources (TSXV:RRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Riverside Resources Inc (TSXV:RRI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RVSDF:USA 5YY:Germany

Address

800 West Pender Street, Suite 550, Vancouver, BC, CAN, V6C 2V6

Website

https://www.rivres.com

Riverside Resources Inc is engaged in the acquisition, exploration, and evaluation of exploration and evaluation assets in the Americas including Canada, the United States, and Mexico. The company's project profile includes Cecilia Gold Project, La Union Project, Tajitos Gold Project, Los Cuarentas Gold-Silver Project, La Silla Gold-Silver Project, and others.

Riverside Resources (TSXV:RRI) Headlines

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