CHCX (CTGX Mining) Days Payable: 788.00 (As of Jan. 2005)


What is CTGX Mining Days Payable?

CTGX Mining CHCX Days Payable is 788.00 as of Jan. 2005.

CTGX Mining's average Accounts Payable for the three months ended in Jan. 2005 was $0.51 Mil. CTGX Mining's Cost of Goods Sold for the three months ended in Jan. 2005 was $0.06 Mil. Hence, CTGX Mining's Days Payable for the three months ended in Jan. 2005 was 788.00.

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

CHCX's Days Payable is not ranked *
in the Metals & Mining industry.
Industry Median: 126.885
* Ranked among companies with meaningful Days Payable only.

CTGX Mining's Days Payable increased from Dec. 2003 (0.00) to Jan. 2005 (788.00). It may suggest that CTGX Mining delayed paying its suppliers.

CTGX Mining Days Payable Historical Data

* Premium members only.

The historical data trend for CTGX Mining'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.

CTGX Mining Days Payable Chart

CTGX Mining Annual Data
Trend Mar03
Days Payable
0.00

CTGX Mining Quarterly Data
Mar03 Jun03 Sep03 Dec03 Mar04 Jul04 Oct04 Jan05
Days Payable Get a 7-Day Free Trial 0.00 0.00 110.98 242.87 788.00

CTGX Mining Days Payable Competitor Comparison

For the Other Industrial Metals & Mining subindustry, CTGX Mining'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.

CTGX Mining Days Payable vs Metals & Mining Industry

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

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


CTGX Mining 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.

CTGX Mining's Days Payable for the fiscal year that ended in Mar. 2003 is calculated as

Days Payable (A: Mar. 2003 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: . 20 ) + Accounts Payable (A: Mar. 2003 )) / count ) / Cost of Goods Sold (A: Mar. 2003 )*Days in Period
=( ( + 0.005) / 1 ) / 0*365
=0.005 / 0*365
=N/A

CTGX Mining's Days Payable for the quarter that ended in Jan. 2005 is calculated as:

Days Payable (Q: Jan. 2005 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Oct. 2004 ) + Accounts Payable (Q: Jan. 2005 )) / count ) / Cost of Goods Sold (Q: Jan. 2005 )*Days in Period
=( (0.467 + 0.552) / 2 ) / 0.059*365 / 4
=0.5095 / 0.059*365 / 4
=788.00

* 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 788.00 mean?
CTGX Mining (CHCX) has a Days Payable of 788.00 as of Jan. 2005. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on CTGX Mining and its competitors.
Is CTGX Mining's Days Payable too high?
CTGX Mining's current Days Payable is 788.00. The Metals & Mining industry median Days Payable is 126.89. CTGX Mining's value of 788.00 is 521% above this industry median.
How does CTGX Mining's Days Payable compare to competitors?
CTGX Mining's Days Payable of 788.00 can be compared against companies in the Metals & Mining industry. The industry median Days Payable is 126.89. CTGX Mining's value of 788.00 is 521% above this benchmark. 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 126.89, 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. CTGX Mining's current Days Payable of 788.00 is 521% above 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 CTGX Mining and its competitors. For the Metals & Mining industry, the median Days Payable is 126.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CTGX Mining's current Days Payable is 788.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CTGX Mining stock overvalued right now?
CTGX Mining (CHCX) has a current Days Payable of 788.00. The current Days Payable is 788.00 and 521% above the Metals & Mining industry median of 126.89. 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 CTGX Mining (CHCX), the current Days Payable is 788.00 as of Jan. 2005. 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.

CTGX Mining Business Description

Address 1015 G Waterwood Parkway, Suite O-2, Edmund, OK, USA, 73034
CTGX Mining Inc is an international, environmentally sensitive, minerals and resource development company. It holds mining interests in both Mexico and Columbia focused on a large reserve of rare earth elements, gold, silver lithium and other valuable ores.