TORXF (Torex Gold Resources) Days Payable : 84.27 (As of Dec. 2024)

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What is Torex Gold Resources Days Payable?

Torex Gold Resources's average Accounts Payable for the three months ended in Dec. 2024 was $142 Mil. Torex Gold Resources's Cost of Goods Sold for the three months ended in Dec. 2024 was $154 Mil. Hence, Torex Gold Resources's Days Payable for the three months ended in Dec. 2024 was 84.27.

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

TORXF' s Days Payable Range Over the Past 10 Years
Min: 56.79 Med: 72.63 Max: 89.05
Current: 82.96

During the past 13 years, Torex Gold Resources's highest Days Payable was 89.05. The lowest was 56.79. And the median was 72.63.

TORXF's Days Payable is ranked worse than
59.55% of 1026 companies
in the Metals & Mining industry
Industry Median: 130.785 vs TORXF: 82.96

Torex Gold Resources's Days Payable increased from Dec. 2023 (54.94) to Dec. 2024 (84.27). It may suggest that Torex Gold Resources delayed paying its suppliers.

Torex Gold Resources Days Payable Historical Data

The historical data trend for Torex Gold 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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Torex Gold Resources Days Payable Chart

Torex Gold Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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72.21

83.20

67.17

56.99

58.45

Torex Gold Resources 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															54.94	84.41	97.64	91.97	84.27

Competitive Comparison of Torex Gold Resources's Days Payable

For the Gold subindustry, Torex Gold 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.

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

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

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

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Torex Gold 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.

Torex Gold Resources'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
=	( (101	+	106.3)	/	2 )	/	647.3	*	365
=	103.65					/	647.3	*	365
=	58.45

Torex Gold Resources'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
=	( (177.2	+	106.3)	/	2 )	/	153.5	*	365 / 4
=	141.75					/	153.5	*	365 / 4
=	84.27

Torex Gold Resources Days Payable Related Terms

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Torex Gold Resources Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

0VL5:UK 73GN:Germany TXG:Canada

Address

130 King Street West, Suite 740, Exchange Tower, Toronto, ON, CAN, M5X 2A2

Website

https://www.torexgold.com

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. Within this property, the company has two assets: the El Limon Guajes Mine, an open pit gold deposit located north of the Balsas river, and the Media Luna Project, the EPO Project, a processing plant, and related infrastructure.