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B2Gold (B2Gold) Days Payable : 56.45 (As of Mar. 2024)


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What is B2Gold Days Payable?

B2Gold's average Accounts Payable for the three months ended in Mar. 2024 was $172 Mil. B2Gold's Cost of Goods Sold for the three months ended in Mar. 2024 was $277 Mil. Hence, B2Gold's Days Payable for the three months ended in Mar. 2024 was 56.45.

The historical rank and industry rank for B2Gold's Days Payable or its related term are showing as below:

BTG' s Days Payable Range Over the Past 10 Years
Min: 35.59   Med: 43.79   Max: 66
Current: 48.87

During the past 13 years, B2Gold's highest Days Payable was 66.00. The lowest was 35.59. And the median was 43.79.

BTG's Days Payable is ranked worse than
74.67% of 1066 companies
in the Metals & Mining industry
Industry Median: 144.25 vs BTG: 48.87

B2Gold's Days Payable increased from Mar. 2023 (39.27) to Mar. 2024 (56.45). It may suggest that B2Gold delayed paying its suppliers.


B2Gold Days Payable Historical Data

The historical data trend for B2Gold'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.

B2Gold Days Payable Chart

B2Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.36 37.89 36.87 36.64 44.57

B2Gold Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.27 42.65 49.02 51.23 56.45

Competitive Comparison of B2Gold's Days Payable

For the Gold subindustry, B2Gold'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.


B2Gold's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, B2Gold's Days Payable distribution charts can be found below:

* The bar in red indicates where B2Gold's Days Payable falls into.



B2Gold 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.

B2Gold's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

Days Payable (A: Dec. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2022 ) + Accounts Payable (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (114.791 + 167.117) / 2 ) / 1154.271*365
=140.954 / 1154.271*365
=44.57

B2Gold's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

Days Payable (Q: Mar. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2023 ) + Accounts Payable (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (167.117 + 175.892) / 2 ) / 277.218*365 / 4
=171.5045 / 277.218*365 / 4
=56.45

* 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.


B2Gold Days Payable Related Terms

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B2Gold (B2Gold) Business Description

Address
666 Burrard Street, Park Place, Suite 3400, Vancouver, BC, CAN, V6C 2X8
B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into a global market. The company's reportable operating segments include its mining operations and development projects, namely Fekola; Masbate; Otjikoto; other mineral properties; and corporate and other. It generates maximum revenue from the Fekola mine segment in Mali.