KVGOF (Kavango Resources) Days Payable : 427.46 (As of Jun. 2024)

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What is Kavango Resources Days Payable?

Kavango Resources's average Accounts Payable for the six months ended in Jun. 2024 was $0.39 Mil. Kavango Resources's Cost of Goods Sold for the six months ended in Jun. 2024 was $0.17 Mil. Hence, Kavango Resources's Days Payable for the six months ended in Jun. 2024 was 427.46.

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

KVGOF' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 930.93
Current: 930.93

During the past 7 years, Kavango Resources's highest Days Payable was 930.93. The lowest was 0.00. And the median was 0.00.

KVGOF's Days Payable is ranked better than
65.51% of 1041 companies
in the Metals & Mining industry
Industry Median: 129.57 vs KVGOF: 930.93

Kavango Resources's Days Payable increased from Jun. 2023 (0.00) to Jun. 2024 (427.46). It may suggest that Kavango Resources delayed paying its suppliers.

Kavango Resources Days Payable Historical Data

The historical data trend for Kavango 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.

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Kavango Resources Days Payable Chart

Kavango Resources Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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Kavango Resources Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial										-	-	-	-	427.46

Competitive Comparison of Kavango Resources's Days Payable

For the Other Industrial Metals & Mining subindustry, Kavango 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.

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

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

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

Kavango 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.

Kavango Resources'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
=	( (0.3	+	0.23)	/	2 )	/	0	*	365
=	0.265					/	0	*	365
=	N/A

Kavango Resources's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0.23	+	0.557)	/	2 )	/	0.168	*	365 / 2
=	0.3935					/	0.168	*	365 / 2
=	427.46

Kavango Resources Days Payable Related Terms

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Kavango Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kavango Resources PLC (OTCPK:KVGOF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

KAV:UK

Address

Salisbury House, London Wall, Suite 425, London, GBR, EC2M 5PS

Website

https://www.kavangoresources.com

Kavango Resources PLC is an exploration group for base and precious metals in Botswana and Zimbabwe. Its operating segments include Exploration and Corporate. The company's projects include Kalahari Suture Zone; Nara Gold, Hillside, Leopard, Ditau, and Kalahari Copper Belt.

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