Richmont Mines (Richmont Mines) Days Payable : 0.00 (As of Sep. 2017)

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What is Richmont Mines Days Payable?

Richmont Mines's average Accounts Payable for the three months ended in Sep. 2017 was $0.0 Mil. Richmont Mines's Cost of Goods Sold for the three months ended in Sep. 2017 was $19.3 Mil. Hence, Richmont Mines's Days Payable for the three months ended in Sep. 2017 was 0.00.

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

RIC's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 129.525
* Ranked among companies with meaningful Days Payable only.

Richmont Mines's Days Payable stayed the same from Sep. 2016 (0.00) to Sep. 2017 (0.00). stayed the same

Richmont Mines Days Payable Historical Data

The historical data trend for Richmont Mines'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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Richmont Mines Days Payable Chart

Richmont Mines Annual Data

Trend

Dec07

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Dec16

Days Payable

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Richmont Mines Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
Days Payable	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Richmont Mines's Days Payable

For the Gold subindustry, Richmont Mines'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.

Richmont Mines's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Richmont Mines's Days Payable falls into.

Richmont Mines 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.

Richmont Mines's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

	Days Payable (A: Dec. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2015 )	+	Accounts Payable (A: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2016 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	93.291	*	365
=	0					/	93.291	*	365
=	0.00

Richmont Mines's Days Payable for the quarter that ended in Sep. 2017 is calculated as:

	Days Payable (Q: Sep. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2017 )	+	Accounts Payable (Q: Sep. 2017 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2017 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	19.327	*	365 / 4
=	0					/	19.327	*	365 / 4
=	0.00

Richmont Mines Days Payable Related Terms

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Richmont Mines (Richmont Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Richmont Mines Inc (NYSE:RIC) » Definitions » Days Payable

Comparable Companies

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Address

Website

http://www.richmont-mines.com

Richmont Mines Inc is a Canada-based gold producer. The company is involved in the gold production, mine development and mineral exploration. Its geographic segments consist of Quebec and Ontario. The company currently operates the Beaufor Mine and the Camflo Mill in Quebec. Richmont also produces gold from the Island Gold Mine in Ontario. The majority of the company's revenue is derived from gold sales and silver sales.

Richmont Mines (Richmont Mines) Headlines

From GuruFocus

Richmont Mines Reports Solid 1st Quarter Operating Results

By Alberto Abaterusso Alberto Abaterusso • 04-14-2017