Giga Metals (Giga Metals) Days Payable : 0.00 (As of Dec. 2023)

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What is Giga Metals Days Payable?

Giga Metals's average Accounts Payable for the three months ended in Dec. 2023 was $0.15 Mil. Giga Metals's Cost of Goods Sold for the three months ended in Dec. 2023 was $-0.00 Mil.

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

GIGGF' s Days Payable Range Over the Past 10 Years
Min: 547.5 Med: 908.46 Max: 12775
Current: 857.27

During the past 13 years, Giga Metals's highest Days Payable was 12775.00. The lowest was 547.50. And the median was 908.46.

GIGGF's Days Payable is ranked better than
66.23% of 1066 companies
in the Metals & Mining industry
Industry Median: 130.44 vs GIGGF: 857.27

Giga Metals's Days Payable declined from Dec. 2022 (1,294.88) to Dec. 2023 (0.00). It may suggest that Giga Metals accelerated paying its suppliers.

Giga Metals Days Payable Historical Data

The historical data trend for Giga Metals'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.

Giga Metals Days Payable Chart

Giga Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1,041.15

571.20

663.64

1,268.02

897.29

Giga Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															1,294.88	1,286.63	788.66	317.39	-

Competitive Comparison of Giga Metals's Days Payable

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

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

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

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

Giga Metals 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.

Giga Metals'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
=	( (0.318	+	0.095)	/	2 )	/	0.084	*	365
=	0.2065					/	0.084	*	365
=	897.29

Giga Metals's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.203	+	0.095)	/	2 )	/	-0.003	*	365 / 4
=	0.149					/	-0.003	*	365 / 4
=	N/A

Giga Metals Days Payable Related Terms

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Giga Metals (Giga Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Giga Metals Corp (OTCPK:GIGGF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

BRR2:Germany GIGA:Canada

Address

700 West Pender Street, Suite 203, Vancouver, BC, CAN, V6C 1G8

Website

https://www.gigametals.com

Giga Metals Corp is engaged in the acquisition and exploration of mineral properties in Canada. The company is focused on two of the key metals used in the batteries of electric vehicles: Nickel and Cobalt. It is developing the Turnagain deposit, a giant nickel sulphide deposit in north-central British Columbia, Canada.