Euro Ressources (Euro Ressources) Days Payable : 81.64 (As of Sep. 2023)

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What is Euro Ressources Days Payable?

Euro Ressources's average Accounts Payable for the three months ended in Sep. 2023 was $0.14 Mil. Euro Ressources's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.15 Mil. Hence, Euro Ressources's Days Payable for the three months ended in Sep. 2023 was 81.64.

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

ERRSF' s Days Payable Range Over the Past 10 Years
Min: 70.97 Med: 118.39 Max: 348.32
Current: 82.39

During the past 13 years, Euro Ressources's highest Days Payable was 348.32. The lowest was 70.97. And the median was 118.39.

ERRSF's Days Payable is not ranked
in the Metals & Mining industry.
Industry Median: 131.36 vs ERRSF: 82.39

Euro Ressources's Days Payable declined from Sep. 2022 (126.45) to Sep. 2023 (81.64). It may suggest that Euro Ressources accelerated paying its suppliers.

Euro Ressources Days Payable Historical Data

The historical data trend for Euro Ressources'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.

Euro Ressources Days Payable Chart

Euro Ressources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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176.47

98.65

186.28

348.32

215.88

Euro Ressources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															126.45	112.76	88.55	76.35	81.64

Competitive Comparison of Euro Ressources's Days Payable

For the Gold subindustry, Euro Ressources'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.

Euro Ressources's Days Payable Distribution in the Metals & Mining Industry

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

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

Euro Ressources 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.

Euro Ressources's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.164	+	0.237)	/	2 )	/	0.339	*	365
=	0.2005					/	0.339	*	365
=	215.88

Euro Ressources's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.155	+	0.117)	/	2 )	/	0.152	*	365 / 4
=	0.136					/	0.152	*	365 / 4
=	81.64

Euro Ressources Days Payable Related Terms

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Euro Ressources (Euro Ressources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Euro Ressources SA (OTCPK:ERRSF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EUR:France GY5:Germany

Address

23, Rue du Roule, Paris, FRA, 75001

Website

https://www.goldroyalties.com

Euro Ressources SA is a France-based company focused on precious-metal royalties. The company owns royalty interest in the Rosebel gold mine which is located in Suriname. Geographically group functions all its business activity through Canada. Revenue for the firm is generated through royalty interest from the Rosebel gold mine.

Euro Ressources (Euro Ressources) Headlines

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