Faircourt Goldome (TSX:FGX) Days Payable : 1,016.79 (As of Dec. 2023)

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What is Faircourt Goldome Days Payable?

Faircourt Goldome's average Accounts Payable for the six months ended in Dec. 2023 was C$0.20 Mil. Faircourt Goldome's Cost of Goods Sold for the six months ended in Dec. 2023 was C$0.04 Mil. Hence, Faircourt Goldome's Days Payable for the six months ended in Dec. 2023 was 1,016.79.

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

TSX:FGX' s Days Payable Range Over the Past 10 Years
Min: 175.52 Med: 290.5 Max: 731.12
Current: 731.12

During the past 13 years, Faircourt Goldome's highest Days Payable was 731.12. The lowest was 175.52. And the median was 290.50.

TSX:FGX's Days Payable is not ranked
in the Asset Management industry.
Industry Median: 70.455 vs TSX:FGX: 731.12

Faircourt Goldome's Days Payable increased from Dec. 2022 (701.68) to Dec. 2023 (1,016.79). It may suggest that Faircourt Goldome delayed paying its suppliers.

Faircourt Goldome Days Payable Historical Data

The historical data trend for Faircourt Goldome'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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Faircourt Goldome Days Payable Chart

Faircourt Goldome Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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354.37

289.98

318.07

549.93

694.84

Faircourt Goldome Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															352.64	361.08	701.68	622.72	1,016.79

Competitive Comparison of Faircourt Goldome's Days Payable

For the Asset Management subindustry, Faircourt Goldome'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.

Faircourt Goldome's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Faircourt Goldome's Days Payable distribution charts can be found below:

* The bar in red indicates where Faircourt Goldome's Days Payable falls into.

Faircourt Goldome 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.

Faircourt Goldome's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.265	+	0.15)	/	2 )	/	0.109	*	365
=	0.2075					/	0.109	*	365
=	694.84

Faircourt Goldome'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.24	+	0.15)	/	2 )	/	0.035	*	365 / 2
=	0.195					/	0.035	*	365 / 2
=	1,016.79

Faircourt Goldome Days Payable Related Terms

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Faircourt Goldome (TSX:FGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Faircourt Gold Income Corp (TSX:FGX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 Adelaide Street West, Suite 2107, Toronto, ON, CAN, M5H 1T1

Website

https://www.faircourtassetmgt.com

Faircourt Gold Income Corp is a closed-end investment fund/investment trust. The company's investment objective is to provide shareholders with monthly distributions and the opportunity for capital appreciation. It provides investors with exposure to the various companies involved in gold exploration, mining or production, while also providing a tax-efficient yield in the form of monthly distributions. Geographically the group operates throughout the region of Canada.

Faircourt Goldome (TSX:FGX) Headlines

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