Altamira Gold (Altamira Gold) Days Payable : 15,854.69 (As of Nov. 2023)

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What is Altamira Gold Days Payable?

Altamira Gold's average Accounts Payable for the three months ended in Nov. 2023 was $0.35 Mil. Altamira Gold's Cost of Goods Sold for the three months ended in Nov. 2023 was $0.00 Mil. Hence, Altamira Gold's Days Payable for the three months ended in Nov. 2023 was 15,854.69.

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

EQTRF' s Days Payable Range Over the Past 10 Years
Min: 1392.41 Med: 4487.84 Max: 13961.25
Current: 13961.25

During the past 13 years, Altamira Gold's highest Days Payable was 13961.25. The lowest was 1392.41. And the median was 4487.84.

EQTRF's Days Payable is ranked better than
90.82% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs EQTRF: 13961.25

Altamira Gold's Days Payable increased from Nov. 2022 (12,181.88) to Nov. 2023 (15,854.69). It may suggest that Altamira Gold delayed paying its suppliers.

Altamira Gold Days Payable Historical Data

The historical data trend for Altamira 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.

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Altamira Gold Days Payable Chart

Altamira Gold Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Payable

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1,460.00

1,770.25

4,416.50

8,342.86

14,052.50

Altamira Gold Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Payable	Get a 7-Day Free Trial															12,181.88	14,919.38	15,489.69	16,630.31	15,854.69

Competitive Comparison of Altamira Gold's Days Payable

For the Gold subindustry, Altamira 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.

Altamira Gold's Days Payable Distribution in the Metals & Mining Industry

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

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

Altamira 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.

Altamira Gold's Days Payable for the fiscal year that ended in Feb. 2023 is calculated as

	Days Payable (A: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2022 )	+	Accounts Payable (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (0.208	+	0.331)	/	2 )	/	0.007	*	365
=	0.2695					/	0.007	*	365
=	14,052.50

Altamira Gold's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (0.381	+	0.314)	/	2 )	/	0.002	*	365 / 4
=	0.3475					/	0.002	*	365 / 4
=	15,854.69

Altamira Gold Days Payable Related Terms

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Altamira Gold (Altamira Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Altamira Gold Corp (OTCPK:EQTRF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

T6UP:Germany ALTA:Canada

Address

409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2

Website

https://www.altamiragold.com

Altamira Gold Corp is a junior natural resource company. Principally, it is engaged in the acquisition, exploration, development, and mining of mineral properties. Its project consists of Cajueiro Project, Crepori Project, Apiacas Project, Nova Canaa, Santa Helena and others. The geographical segments of the group are Canada and Brazil.

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