CTGO (Contango Ore) Days Payable : 672.70 (As of Sep. 2024)

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What is Contango Ore Days Payable?

Contango Ore's average Accounts Payable for the three months ended in Sep. 2024 was $1.59 Mil. Contango Ore's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.22 Mil. Hence, Contango Ore's Days Payable for the three months ended in Sep. 2024 was 672.70.

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

CTGO' s Days Payable Range Over the Past 10 Years
Min: 94.73 Med: 234.39 Max: 1831.12
Current: 641

During the past 13 years, Contango Ore's highest Days Payable was 1831.12. The lowest was 94.73. And the median was 234.39.

CTGO's Days Payable is ranked better than
63.59% of 1041 companies
in the Metals & Mining industry
Industry Median: 129.57 vs CTGO: 641.00

Contango Ore's Days Payable declined from Sep. 2023 (700.78) to Sep. 2024 (672.70). It may suggest that Contango Ore accelerated paying its suppliers.

Contango Ore Days Payable Historical Data

The historical data trend for Contango Ore'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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Contango Ore Days Payable Chart

Contango Ore Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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94.73

177.92

235.35

Contango Ore Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															700.78	700.56	197.81	356.76	672.70

Competitive Comparison of Contango Ore's Days Payable

For the Gold subindustry, Contango Ore'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.

Contango Ore's Days Payable Distribution in the Metals & Mining Industry

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

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

Contango Ore 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.

Contango Ore's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.634	+	0.221)	/	2 )	/	0.663	*	365
=	0.4275					/	0.663	*	365
=	235.35

Contango Ore's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.791	+	2.379)	/	2 )	/	0.215	*	365 / 4
=	1.585					/	0.215	*	365 / 4
=	672.70

Contango Ore Days Payable Related Terms

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Contango Ore Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Contango Ore Inc (AMEX:CTGO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

F85:Germany

Address

3700 Buffalo Speedway, Suite 925, Houston, TX, USA, 77098

Website

https://www.contangoore.com

Contango Ore Inc operates in the United States. The company is engaged in the exploration of gold, silver, and copper ores in the State of Alaska. The company's primary focus is the exploration of a mineral lease with the Native Village of Tetlin whose governmental entity is the Tetlin Tribal Council for the exploration of minerals near Tok, Alaska. It has formed a joint venture to advance exploration of the Tetlin Property, which is prospective for gold and associated minerals. The Tetlin Property is located in the Tetlin Hills and Mentasta Mountains of eastern interior Alaska.

Executives

John B Juneau	director, officer: President and CEO	3700 BUFFALO SPEEDWAY, SUITE 960, HOUSTON TX 77098
Richard Shortz	director	3700 BUFFALO SPEEDWAY, SUITE 925, HOUSTON TX 77098
Joseph S Compofelice	director	24 WATERWAY AVENUE, STE 200, THE WOODLANDS TX 77380
Michael Aaron Clark	officer: Executive VP-Finance	6202 OVERSTONE DR, WEST VANCOUVER Z4 V7W1X5
Nieuwenhuyse Rick Van	director, officer: President and CEO	C/O TRILOGY METALS, 1950 - 777 DUNSMUIR STREET, VANCOUVER A1 V7Y 1K4
Leah S Gaines	officer: Chief Financial Officer	3700 BUFFALO SPEEDWAY, SUITE 1010, HOUSTON TX 77098
Curtis J. Freeman	director	3700 BUFFALO SPEEDWAY, STE. 925, HOUSTON TX 77098
Royal Gold Inc	10 percent owner	1144 15TH STREET, SUITE 2500, DENVER CO 80202
Scott J. Reiman	10 percent owner, other: Member of 10% owner group	730 17TH STREET SUITE 800, DENVER CO 80202
Kenneth R. Peak Marital Trust	10 percent owner	2 LONGFELLOW LANE, HOUSTON TX 77005
Estate Of Kenneth R. Peak	10 percent owner	C/O CONTANGO OIL & GAS COMPANY, 3700 BUFFALO SPEEDWAY, SUITE 960, HOUSTON TX 77098
Joseph G. Greenberg	director	3700 BUFFALO SPEEDWAY, STE 960, HOUSTON TX 77098
Donald Gillen	10 percent owner	21 CAPILANO DRIVE, SASKATOON A9 S7K 4A4
Hexagon, Llc	10 percent owner, other: Member of 10% owner group	730 SEVENTEENTH STREET, SUITE 800, DENVER CO 80202
Sergio Castro	officer: Vice President, CFO, Treasurer	2019 MOUNTAIN CREEK, PEARLAND TX 77584