RTG Mining (TSX:RTG) Days Payable : 1,195.66 (As of Dec. 2023)

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What is RTG Mining Days Payable?

RTG Mining's average Accounts Payable for the six months ended in Dec. 2023 was C$0.73 Mil. RTG Mining's Cost of Goods Sold for the six months ended in Dec. 2023 was C$0.22 Mil. Hence, RTG Mining's Days Payable for the six months ended in Dec. 2023 was 597.83.

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

TSX:RTG' s Days Payable Range Over the Past 10 Years
Min: 774.39 Med: 1750.16 Max: 5982.58
Current: 1195.66

During the past 13 years, RTG Mining's highest Days Payable was 5982.58. The lowest was 774.39. And the median was 1750.16.

TSX:RTG's Days Payable is ranked better than
67.88% of 1043 companies
in the Metals & Mining industry
Industry Median: 129.57 vs TSX:RTG: 1195.66

RTG Mining's Days Payable declined from Dec. 2021 (1,481.03) to Dec. 2023 (1,195.66). It may suggest that RTG Mining accelerated paying its suppliers.

RTG Mining Days Payable Historical Data

The historical data trend for RTG Mining'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.

RTG Mining Days Payable Chart

RTG Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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3,975.64

774.39

1,481.03

1,602.32

1,195.66

RTG Mining Semi-Annual Data
	Jun11	Jun12	Jun13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Days Payable	Get a 7-Day Free Trial								3,975.64	774.39	1,481.03	1,602.32	1,195.66

Competitive Comparison of RTG Mining's Days Payable

For the Other Industrial Metals & Mining subindustry, RTG Mining'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.

RTG Mining's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where RTG Mining's Days Payable falls into.

RTG Mining 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.

RTG Mining'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
=	( (0.759	+	0.702)	/	2 )	/	0.223	*	365
=	0.7305					/	0.223	*	365
=	1,195.66

RTG Mining'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: Dec. 2022 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.759	+	0.702)	/	2 )	/	0.223	*	365 / 2
=	0.7305					/	0.223	*	365 / 2
=	597.83

RTG Mining Days Payable Related Terms

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RTG Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » RTG Mining Inc (TSX:RTG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RTG:Australia

Address

516 Hay Street, Level 1, Subiaco, WA, AUS, 6008

Website

https://www.rtgmining.com

RTG Mining Inc is into the mining and exploration business. It is focused on high-grade, low operating cost gold projects. Some of its minor exploration and evaluation assets are held in Africa, all of the company's other assets are located in the Philippines. The organization's principal asset and focus are the Mabilo Project located in Camarines Norte Province, Eastern Luzon, Philippines. The company's other projects include The Bunawan project and the Nalesbitan Project.

Executives

Richard Charles Hains

10% Security Holder

RTG Mining Headlines

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