GORIF (Golden Ridge Resources) Days Payable : 2,311.67 (As of Mar. 2024)

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What is Golden Ridge Resources Days Payable?

Golden Ridge Resources's average Accounts Payable for the three months ended in Mar. 2024 was $0.08 Mil. Golden Ridge Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.00 Mil. Hence, Golden Ridge Resources's Days Payable for the three months ended in Mar. 2024 was 2,311.67.

The historical rank and industry rank for Golden Ridge Resources's Days Payable or its related term are showing as below:

GORIF' s Days Payable Range Over the Past 10 Years
Min: 1858.8 Med: 3457.36 Max: 5030.65
Current: 3493.57

During the past 13 years, Golden Ridge Resources's highest Days Payable was 5030.65. The lowest was 1858.80. And the median was 3457.36.

GORIF's Days Payable is not ranked
in the Metals & Mining industry.
Industry Median: 135.87 vs GORIF: 3493.57

Golden Ridge Resources's Days Payable declined from Mar. 2023 (3,786.88) to Mar. 2024 (2,311.67). It may suggest that Golden Ridge Resources accelerated paying its suppliers.

Golden Ridge Resources Days Payable Historical Data

The historical data trend for Golden Ridge Resources'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.

Golden Ridge Resources Days Payable Chart

Golden Ridge Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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4,841.62

5,099.26

1,766.93

1,944.33

3,275.88

Golden Ridge Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															3,786.88	5,589.06	6,387.50	2,965.63	2,311.67

Competitive Comparison of Golden Ridge Resources's Days Payable

For the Other Precious Metals & Mining subindustry, Golden Ridge Resources'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.

Golden Ridge Resources's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Golden Ridge Resources's Days Payable falls into.

Golden Ridge Resources 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.

Golden Ridge Resources'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
=	( (0.181	+	0.178)	/	2 )	/	0.02	*	365
=	0.1795					/	0.02	*	365
=	3,275.88

Golden Ridge Resources's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.093	+	0.059)	/	2 )	/	0.003	*	365 / 4
=	0.076					/	0.003	*	365 / 4
=	2,311.67

Golden Ridge Resources Days Payable Related Terms

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Golden Ridge Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Ridge Resources Ltd (OTCPK:GORIF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

44GG:Germany GLDN:Canada

Address

335 - 1632 Dickson Avenue, Landmark 3, Kelowna, BC, CAN, V1Y 7T2

Website

https://www.goldenridgeresources.com

Golden Ridge Resources Ltd is an exploration-stage company. It is engaged in the identification, evaluation, and acquisition of mineral properties. Its current properties include mineral properties located in British Columbia and the Yukon. Its projects are Hank Property, Newfoundland, Royalle Au-Ag Project, and North Canol. It has one reportable operating segment, being that of acquisition and exploration and evaluation activities in Canada.

Golden Ridge Resources Headlines

From GuruFocus

CORRECTING and REPLACING -- Golden Ridge Resources Begins Drill Program at Hank

By GlobeNewswire GlobeNewswire • 07-03-2018