Asante GoldASGOF -0.33%33 Days Payable is 46.21 as of Mar. 2026, which is 70% below its 10-year median of 154.83. GuruFocus rates ASGOF with a GF Score™ of 33/100 and a GF Value™ of $1.02 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,064 Metals & Mining companies, Asante Gold ranks worse than 56.02% on this metric.
Asante Gold's average Accounts Payable for the
three
months ended in Mar. 2026 was $121.5 Mil. Asante Gold's Cost of Goods Sold for the
three
months ended in Mar. 2026 was $239.9 Mil.
Hence, Asante Gold's Days Payable for the
three
months ended in Mar. 2026 was 46.21.
The historical rank and industry rank for Asante Gold's Days Payable or its related term are showing as below:
ASGOF'
s Days Payable Range Over the Past 10 Years
Min: 94.07 Med: 154.83 Max: 173.05
Current: 94.07
During the past 13 years, Asante Gold's highest Days Payable was 173.05. The lowest was 94.07. And the median was 154.83.
ASGOF's Days Payable is ranked worse than 56.02% of 1064
companies
in the Metals & Mining industry
Industry Median: 127.62
vs ASGOF: 94.07
Asante Gold's Days Payable
declined
from Jan. 2025 (122.64) to Mar. 2026 (46.21).
It may suggest that Asante Goldaccelerated paying its suppliers.
Asante Gold Days Payable Related Terms
Asante Gold Days Payable Historical Data
* Premium members only.
The historical data trend for Asante 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.
For the Gold subindustry, Asante 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.
Asante Gold Days Payable vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Asante Gold's Days Payable distribution charts can be found below:
* The bar in red indicates where Asante Gold's Days Payable falls into.
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.
Asante Gold's Days Payable for the fiscal year that ended in Jan. 2024 is calculated as
* 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.
Asante Gold (ASGOF) has a Days Payable of 46.21 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Asante Gold and its competitors. This is 70% below median its historical median of 154.83. Over the past decade, Asante Gold's Days Payable has ranged from 94.07 to 173.05. According to the industry distribution chart, Asante Gold ranks #596 out of 1064 companies in the Metals & Mining industry, placing it in the top 56%.
Is Asante Gold's Days Payable too high?
Asante Gold's current Days Payable of 46.21 is 70% below median its 10-year median of 154.83. Over the past 10 years, this metric has ranged from a low of 94.07 to a high of 173.05. The Metals & Mining industry median Days Payable is 127.62. Asante Gold's value of 46.21 is 63.8% below this industry median. Based on the distribution chart, Asante Gold ranks #596 out of 1064 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Asante Gold has a GF Score™ of 33/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Asante Gold's Days Payable compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Asante Gold ranks #596 out of 1064 companies for Days Payable. This places Asante Gold in the lower half of its industry. The industry median Days Payable is 127.62. Asante Gold's value of 46.21 is 63.8% below this benchmark. Historically, Asante Gold's own Days Payable has ranged from 94.07 to 173.05 over the past decade. While the company's 10-year median is 154.83 vs. the industry median of 127.62, Asante Gold has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Metals & Mining company?
The median Days Payable among Metals & Mining companies is 127.62, based on 1,064 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Asante Gold's current Days Payable of 46.21 is 63.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Asante Gold and its competitors. For the Metals & Mining industry, the median Days Payable is 127.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asante Gold's current Days Payable is 46.21, which is 70% below median its own 10-year median of 154.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asante Gold stock overvalued right now?
Based on GuruFocus' analysis, Asante Gold (ASGOF) is currently considered Possible Value Trap. The stock's GF Value™ is $1.02, compared to a current price of $0.49 — trading 52.5% below its estimated fair value. The current Days Payable is 46.21, which is 70% below median its 10-year median of 154.83 and 63.8% below the Metals & Mining industry median of 127.62. Asante Gold's overall GF Score™ is 33/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Asante Gold (ASGOF), the current Days Payable is 46.21 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Asante Gold (ASGOF) Overvalued in 2026?
Based on GuruFocus' analysis, Asante Gold stock appears to be undervalued.
The current stock price of $0.49 is trading 52.5% below its estimated GF Value™ of $1.02.
GuruFocus considers Asante Gold to be Possible Value Trap.
Key valuation signals for ASGOF:
Days Payable: 46.21 (70% below median its 10-year median of 154.83)
GF Value™: $1.02 vs. price of $0.49 (52.5% below fair value)
Industry Position: 63.8% below the Metals & Mining median (#596 of 1064)
No single metric tells the full story. See the ASGOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asante Gold Corp business activity is the operation of its two gold mines, the Bibiani Gold Mine and the Chirano Gold Mine, in the Republic of Ghana through a holding of interest in its subsidiaries. The Company is conducting exploration activities on properties assessed to be of merit for locating additional mineral resources, and has acquired or has options to acquire mining concession rights to additional properties in Ghana, where it is actively engaged in exploration and evaluation activities. The Company reports the results of two operating segments, the Bibiani Gold Mine and the Chirano Gold Mine, which generate maximum revenue.
33GF Score
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