Forge Resources (XCNQ:FRG) Days Payable : 0.00 (As of Nov. 2023)

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What is Forge Resources Days Payable?

Forge Resources's average Accounts Payable for the three months ended in Nov. 2023 was C$1.44 Mil. Forge Resources's Cost of Goods Sold for the three months ended in Nov. 2023 was C$0.00 Mil.

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

XCNQ:FRG's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 129.97
* Ranked among companies with meaningful Days Payable only.

Forge Resources's Days Payable stayed the same from Nov. 2022 (0.00) to Nov. 2023 (0.00). stayed the same

Forge Resources Days Payable Historical Data

The historical data trend for Forge 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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Forge Resources Days Payable Chart

Forge Resources Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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Forge Resources Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Payable	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Forge Resources's Days Payable

For the Gold subindustry, Forge 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.

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

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

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

Forge 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.

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

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (0.83	+	1.286)	/	2 )	/	0	*	365
=	1.058					/	0	*	365
=	N/A

Forge Resources's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (1.286	+	1.585)	/	2 )	/	0	*	365 / 4
=	1.4355					/	0	*	365 / 4
=	N/A

Forge Resources Days Payable Related Terms

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Forge Resources (XCNQ:FRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Forge Resources Corp (XCNQ:FRG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

BNNHF:USA 5YZ0:Germany

Address

1050 - 12471 Horseshoe Way, Richmond, BC, CAN, V7A 4X6

Website

https://www.benjaminhillmining.com

Benjamin Hill Mining Corp is engaged in the business of the exploration and development of natural resource properties in Canada and Mexico. It owns and operates the Alotta Property.