Renegade Gold (TSXV:RAGE) Days Payable : 33,629.77 (As of Dec. 2023)

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What is Renegade Gold Days Payable?

Renegade Gold's average Accounts Payable for the three months ended in Dec. 2023 was C$4.05 Mil. Renegade Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.01 Mil. Hence, Renegade Gold's Days Payable for the three months ended in Dec. 2023 was 33,629.77.

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

TSXV:RAGE' s Days Payable Range Over the Past 10 Years
Min: 4288.75 Med: 5971.51 Max: 24911.25
Current: 24911.25

During the past 13 years, Renegade Gold's highest Days Payable was 24911.25. The lowest was 4288.75. And the median was 5971.51.

TSXV:RAGE's Days Payable is ranked better than
94.74% of 1065 companies
in the Metals & Mining industry
Industry Median: 128.84 vs TSXV:RAGE: 24911.25

Renegade Gold's Days Payable increased from Sep. 2022 (6,766.39) to Dec. 2023 (33,629.77). It may suggest that Renegade Gold delayed paying its suppliers.

Renegade Gold Days Payable Historical Data

The historical data trend for Renegade 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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Renegade Gold Days Payable Chart

Renegade Gold Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Days Payable

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7,654.26

4,288.75

Renegade Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															6,766.39	5,566.25	6,062.04	14,073.24	33,629.77

Competitive Comparison of Renegade Gold's Days Payable

For the Gold subindustry, Renegade 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.

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

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

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

Renegade 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.

Renegade Gold's Days Payable for the fiscal year that ended in Jun. 2022 is calculated as

	Days Payable (A: Jun. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2021 )	+	Accounts Payable (A: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2022 )	*	Days in Period
=	( (0.747	+	1.65)	/	2 )	/	0.102	*	365
=	1.1985					/	0.102	*	365
=	4,288.75

Renegade 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
=	( (2.323	+	5.785)	/	2 )	/	0.011	*	365 / 4
=	4.054					/	0.011	*	365 / 4
=	33,629.77

Renegade Gold Days Payable Related Terms

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Renegade Gold (TSXV:RAGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Renegade Gold Inc (TSXV:RAGE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TGLDF:USA 070:Germany 070:Germany

Address

200 Burrard Street, Suite 1680, Vancouver, BC, CAN, V6C 3L6

Website

https://www.renegadegold.com/investors/overview

Renegade Gold Inc formerly Trillium Gold Mines Inc is engaged in the exploration and development of gold deposits in the Red Lake district. Its projects include Leo property, Sidace, Gold Centre, Shining Tree, and Newman todd.

Renegade Gold (TSXV:RAGE) Headlines

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