Westgold Resources (Westgold Resources) Days Payable : 45.95 (As of Dec. 2023)

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What is Westgold Resources Days Payable?

Westgold Resources's average Accounts Payable for the six months ended in Dec. 2023 was $49.1 Mil. Westgold Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was $194.8 Mil. Hence, Westgold Resources's Days Payable for the six months ended in Dec. 2023 was 45.95.

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

WGXRF' s Days Payable Range Over the Past 10 Years
Min: 24.21 Med: 32.83 Max: 48.72
Current: 48.72

During the past 7 years, Westgold Resources's highest Days Payable was 48.72. The lowest was 24.21. And the median was 32.83.

WGXRF's Days Payable is ranked worse than
73.97% of 1068 companies
in the Metals & Mining industry
Industry Median: 131.36 vs WGXRF: 48.72

Westgold Resources's Days Payable increased from Dec. 2022 (33.96) to Dec. 2023 (45.95). It may suggest that Westgold Resources delayed paying its suppliers.

Westgold Resources Days Payable Historical Data

The historical data trend for Westgold 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.

* Premium members only.

Westgold Resources Days Payable Chart

Westgold Resources Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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34.34

27.86

35.10

31.58

24.92

Westgold Resources Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial										42.27	43.09	33.96	36.43	45.95

Competitive Comparison of Westgold Resources's Days Payable

For the Gold subindustry, Westgold 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.

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

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

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

Westgold 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.

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

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (33.476	+	19.639)	/	2 )	/	388.971	*	365
=	26.5575					/	388.971	*	365
=	24.92

Westgold 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (19.639	+	78.462)	/	2 )	/	194.801	*	365 / 2
=	49.0505					/	194.801	*	365 / 2
=	45.95

Westgold Resources Days Payable Related Terms

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Westgold Resources (Westgold Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Westgold Resources Ltd (OTCPK:WGXRF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0W2:Germany WGX:Australia

Address

200 St Georges Terrace, Level 6, Perth, WA, AUS, 6000

Website

https://www.westgold.com.au

Westgold Resources Ltd is engaged in the exploration, development, and operation of gold mines, predominantly in Western Australia. The company comprises the following reportable segments - Murchison Operations, Bryah Operations and others. Murchison Operations segment contributes to the vast majority of revenue.