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Kirkland Lake Gold (LTS:0V38) Days Payable : 73.72 (As of Sep. 2021)


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What is Kirkland Lake Gold Days Payable?

Kirkland Lake Gold's average Accounts Payable for the three months ended in Sep. 2021 was £174 Mil. Kirkland Lake Gold's Cost of Goods Sold for the three months ended in Sep. 2021 was £216 Mil. Hence, Kirkland Lake Gold's Days Payable for the three months ended in Sep. 2021 was 73.72.

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

LTS:0V38' s Days Payable Range Over the Past 10 Years
Min: 21.16   Med: 44.79   Max: 87.06
Current: 73.73

During the past 13 years, Kirkland Lake Gold's highest Days Payable was 87.06. The lowest was 21.16. And the median was 44.79.

LTS:0V38's Days Payable is not ranked
in the Metals & Mining industry.
Industry Median: 128.35 vs LTS:0V38: 73.73

Kirkland Lake Gold's Days Payable declined from Sep. 2020 (93.71) to Sep. 2021 (73.72). It may suggest that Kirkland Lake Gold accelerated paying its suppliers.


Kirkland Lake Gold Days Payable Historical Data

The historical data trend for Kirkland Lake 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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Kirkland Lake Gold Days Payable Chart

Kirkland Lake Gold Annual Data
Trend Apr11 Apr12 Apr13 Apr14 Apr15 Dec16 Dec17 Dec18 Dec19 Dec20
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 44.27 52.29 74.10 87.68 57.63

Kirkland Lake Gold Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 93.71 77.46 65.24 70.73 73.72

Competitive Comparison of Kirkland Lake Gold's Days Payable

For the Gold subindustry, Kirkland Lake 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.


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

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

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



Kirkland Lake 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.

Kirkland Lake Gold's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

Days Payable (A: Dec. 2020 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2019 ) + Accounts Payable (A: Dec. 2020 )) / count ) / Cost of Goods Sold (A: Dec. 2020 )*Days in Period
=( (92.74 + 155.3) / 2 ) / 785.547*365
=124.02 / 785.547*365
=57.63

Kirkland Lake Gold's Days Payable for the quarter that ended in Sep. 2021 is calculated as:

Days Payable (Q: Sep. 2021 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2021 ) + Accounts Payable (Q: Sep. 2021 )) / count ) / Cost of Goods Sold (Q: Sep. 2021 )*Days in Period
=( (178.018 + 170.193) / 2 ) / 215.512*365 / 4
=174.1055 / 215.512*365 / 4
=73.72

* 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.


Kirkland Lake Gold Days Payable Related Terms

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Kirkland Lake Gold (LTS:0V38) Business Description

Traded in Other Exchanges
N/A
Address
200 Bay Street, Suite 2800, Toronto, ON, CAN, M5J 2J1
Kirkland Lake Gold Ltd is a Canada-based gold mining, development, and exploration company with a diversified portfolio of exploration projects. The production profile of the company includes the Macassa mine complex located in northeastern Ontario and the Fosterville gold mine located in the State of Victoria, Australia. Also, the company owns the Holt mine and the Detour mine. The company's mines and material mineral projects are located in Canada and Australia.

Kirkland Lake Gold (LTS:0V38) Headlines

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