LONCF (Loncor Gold) Days Payable : 3,321.93 (As of Dec. 2024)

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What is Loncor Gold Days Payable?

Loncor Gold's average Accounts Payable for the three months ended in Dec. 2024 was $0.76 Mil. Loncor Gold's Cost of Goods Sold for the three months ended in Dec. 2024 was $0.02 Mil. Hence, Loncor Gold's Days Payable for the three months ended in Dec. 2024 was 3,321.93.

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

LONCF' s Days Payable Range Over the Past 10 Years
Min: 595.42 Med: 2899.74 Max: 45579.38
Current: 2708.62

During the past 13 years, Loncor Gold's highest Days Payable was 45579.38. The lowest was 595.42. And the median was 2899.74.

LONCF's Days Payable is ranked better than
75.15% of 1026 companies
in the Metals & Mining industry
Industry Median: 130.785 vs LONCF: 2708.62

Loncor Gold's Days Payable increased from Dec. 2023 (1,803.27) to Dec. 2024 (3,321.93). It may suggest that Loncor Gold delayed paying its suppliers.

Loncor Gold Days Payable Historical Data

The historical data trend for Loncor 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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Loncor Gold Days Payable Chart

Loncor Gold Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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1,036.80

2,297.41

2,396.67

2,247.36

2,491.23

Loncor Gold Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															1,803.27	2,035.74	2,631.04	3,050.36	3,321.93

Competitive Comparison of Loncor Gold's Days Payable

For the Gold subindustry, Loncor 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.

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

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

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

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Loncor 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.

Loncor Gold's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (0.367	+	0.766)	/	2 )	/	0.083	*	365
=	0.5665					/	0.083	*	365
=	2,491.23

Loncor Gold's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (0.763	+	0.766)	/	2 )	/	0.021	*	365 / 4
=	0.7645					/	0.021	*	365 / 4
=	3,321.93

Loncor Gold Days Payable Related Terms

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Loncor Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Loncor Gold Inc (OTCPK:LONCF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

LO51:Germany LN:Canada

Address

4120 Yonge Street, Suite 304, 1 First Canadian Place, Toronto, ON, CAN, M2P 2B8

Website

https://www.loncor.com

Loncor Gold Inc is a Canadian gold exploration company focussed on the Ngayu Greenstone Gold Belt in the northeast of the Democratic Republic of the Congo. The Adumbi gold deposit is the focus of Loncor's activity and can be found within Loncor's 84.68% owned Imbo Project. The company has Africa's largest gold producer, the Barrick-managed Kibali Gold mine as a neighbour 130 miles away.