Novo Resources (TSX:NVO) Days Payable : 0.00 (As of Sep. 2024)

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What is Novo Resources Days Payable?

Novo Resources's average Accounts Payable for the three months ended in Sep. 2024 was C$0.60 Mil. Novo Resources's Cost of Goods Sold for the three months ended in Sep. 2024 was C$0.00 Mil.

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

During the past 13 years, Novo Resources's highest Days Payable was 38.51. The lowest was 10.70. And the median was 24.61.

TSX:NVO's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 129.235
* Ranked among companies with meaningful Days Payable only.

Novo Resources's Days Payable stayed the same from Sep. 2023 (0.00) to Sep. 2024 (0.00). stayed the same

Novo Resources Days Payable Historical Data

The historical data trend for Novo 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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Novo Resources Days Payable Chart

Novo Resources Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Dec21

Dec22

Dec23

Days Payable

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10.70

38.51

Novo Resources Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Novo Resources's Days Payable

For the Gold subindustry, Novo 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.

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

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

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

Novo 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.

Novo Resources'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
=	( (1.74	+	0.556)	/	2 )	/	0	*	365
=	1.148					/	0	*	365
=	N/A

Novo Resources's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.727	+	0.481)	/	2 )	/	0	*	365 / 4
=	0.604					/	0	*	365 / 4
=	N/A

Novo Resources Days Payable Related Terms

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Novo Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Novo Resources Corp (TSX:NVO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NSRPF:USA 1NO:Germany NVO:Australia

Address

1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5

Website

https://www.novoresources.com

Novo Resources Corp is a company engaged in the business of evaluating, acquiring, and exploring natural resource properties with a focus on gold. The organization has business interests in properties located in Australia, Canada, and the USA. Its projects include Beatons Creek Property, Millennium Property, Blue Spec; Paleo-Placer; Comet Well, and others. It has two segments Mining operations and exploration operations.

Executives

Quinton Todd Hennigh	Director
Michael Charles Barrett	Director
Ronan Joseph Sabo-walsh	Senior Officer
Robert James Humphryson	Senior Officer
Kirkland Lake Gold Ltd.	10% Security Holder
Eric Sprott	10% Security Holder
Leonidas Karabelas	Senior Officer
Gregory Gibson	Director