Orinoco Gold (ASX:OGX) Days Payable: 0.00 (As of Jun. 2018)


What is Orinoco Gold Days Payable?

Orinoco Gold ASX:OGX Days Payable is 0.00 as of Jun. 2018. The stock has 3 warning signs investors should review.

Orinoco Gold's average Accounts Payable for the six months ended in Jun. 2018 was A$2.98 Mil. Orinoco Gold's Cost of Goods Sold for the six months ended in Jun. 2018 was A$0.00 Mil.

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

ASX:OGX's Days Payable is not ranked *
in the Metals & Mining industry.
Industry Median: 127.62
* Ranked among companies with meaningful Days Payable only.

Orinoco Gold's Days Payable stayed the same from Jun. 2017 (0.00) to Jun. 2018 (0.00).

Orinoco Gold Days Payable Historical Data

* Premium members only.

The historical data trend for Orinoco 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.

Orinoco Gold Days Payable Chart

Orinoco Gold Annual Data
Trend Jun12 Jun13 Dec15 Dec16 Dec17 Dec18
Days Payable
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Orinoco Gold Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

ASX:OGX vs LSMG: Days Payable Comparison

For the Other Industrial Metals & Mining subindustry, Orinoco 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.

Orinoco Gold Days Payable vs Metals & Mining Industry

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

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


Orinoco 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.

Orinoco Gold's Days Payable for the fiscal year that ended in Dec. 2018 is calculated as

Days Payable (A: Dec. 2018 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2017 ) + Accounts Payable (A: Dec. 2018 )) / count ) / Cost of Goods Sold (A: Dec. 2018 )*Days in Period
=( (0.697 + 2.102) / 2 ) / 0*365
=1.3995 / 0*365
=N/A

Orinoco Gold's Days Payable for the quarter that ended in Jun. 2018 is calculated as:

Days Payable (Q: Jun. 2018 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2017 ) + Accounts Payable (Q: Jun. 2018 )) / count ) / Cost of Goods Sold (Q: Jun. 2018 )*Days in Period
=( (0.697 + 5.271) / 2 ) / 0*365 / 2
=2.984 / 0*365 / 2
=N/A

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 0.00 mean?
Orinoco Gold (ASX:OGX) has a Days Payable of 0.00 as of Jun. 2018. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Orinoco Gold and its competitors.
Is Orinoco Gold's Days Payable too high?
Orinoco Gold's current Days Payable is 0.00.
How does Orinoco Gold's Days Payable compare to LSMG?
Orinoco Gold's Days Payable of 0.00 can be compared against companies in the Metals & Mining industry. The industry median Days Payable is 127.62. 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. 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 Orinoco 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. Orinoco Gold's current Days Payable is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orinoco Gold stock overvalued right now?
Orinoco Gold (ASX:OGX) has a current Days Payable of 0.00. The current Days Payable is 0.00. 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 Orinoco Gold (ASX:OGX), the current Days Payable is 0.00 as of Jun. 2018. 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.

Orinoco Gold Business Description

Address 9/448 Roberts Road, Subiaco, WA, AUS, 6008
Orinoco Gold Ltd is a Brazilian-focused gold company. It is focussed on mining the Cascavel gold mine as well as unlocking the Faina Goldfields Project (Faina Project) located in the central Brazilian State of Goias. The company's segments include Gold and All Other. The Faina Project consists of a large tenement package of over 50 tenements that encompass the key Cascavel, Sertao and Tinteiro Projects, as well as numerous advanced gold exploration targets including Espanola, Elisio, Antenna, and Xupe.