GoGold Resources (STU:GGD) Days Payable : 111.27 (As of Dec. 2023)

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What is GoGold Resources Days Payable?

GoGold Resources's average Accounts Payable for the three months ended in Dec. 2023 was €6.78 Mil. GoGold Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was €5.56 Mil. Hence, GoGold Resources's Days Payable for the three months ended in Dec. 2023 was 111.27.

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

STU:GGD' s Days Payable Range Over the Past 10 Years
Min: 67.83 Med: 86.38 Max: 330.11
Current: 79.98

During the past 13 years, GoGold Resources's highest Days Payable was 330.11. The lowest was 67.83. And the median was 86.38.

STU:GGD's Days Payable is ranked worse than
59.18% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs STU:GGD: 79.98

GoGold Resources's Days Payable increased from Dec. 2022 (82.87) to Dec. 2023 (111.27). It may suggest that GoGold Resources delayed paying its suppliers.

GoGold Resources Days Payable Historical Data

The historical data trend for GoGold 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.

GoGold Resources Days Payable Chart

GoGold Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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66.77

75.81

84.88

94.29

82.45

GoGold Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															82.87	48.36	90.96	103.82	111.27

Competitive Comparison of GoGold Resources's Days Payable

For the Other Precious Metals & Mining subindustry, GoGold 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.

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

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

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

GoGold 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.

GoGold Resources's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (7.944	+	6.538)	/	2 )	/	32.054	*	365
=	7.241					/	32.054	*	365
=	82.45

GoGold Resources's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (6.538	+	7.031)	/	2 )	/	5.564	*	365 / 4
=	6.7845					/	5.564	*	365 / 4
=	111.27

GoGold Resources Days Payable Related Terms

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GoGold Resources (STU:GGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GoGold Resources Inc (STU:GGD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GLGDF:USA GGD:Canada

Address

2000 Barrington Street, Suite 1301, Cogswell Tower, Halifax, NS, CAN, B3J 3K1

Website

https://www.gogoldresources.com

GoGold Resources Inc is a Canadian-based company engaged in the business of exploration, development, and production of gold, copper and silver. It operates in two segments: Mexico, which accounts for the majority of revenue; and Canada. Its Mexico segment consists of the Parral project and the Los Ricos project and the Corporation's corporate offices as the Canadian segment.

GoGold Resources (STU:GGD) Headlines

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