Steppe Gold (TSX:STGO) Days Payable : 43.58 (As of Dec. 2024)

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What is Steppe Gold Days Payable?

Steppe Gold's average Accounts Payable for the three months ended in Dec. 2024 was C$17.1 Mil. Steppe Gold's Cost of Goods Sold for the three months ended in Dec. 2024 was C$35.9 Mil. Hence, Steppe Gold's Days Payable for the three months ended in Dec. 2024 was 43.58.

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

TSX:STGO' s Days Payable Range Over the Past 10 Years
Min: 28.74 Med: 92.01 Max: 15540.58
Current: 59.64

During the past 9 years, Steppe Gold's highest Days Payable was 15540.58. The lowest was 28.74. And the median was 92.01.

TSX:STGO's Days Payable is ranked worse than
68.52% of 1026 companies
in the Metals & Mining industry
Industry Median: 130.755 vs TSX:STGO: 59.64

Steppe Gold's Days Payable increased from Dec. 2023 (17.77) to Dec. 2024 (43.58). It may suggest that Steppe Gold delayed paying its suppliers.

Steppe Gold Days Payable Historical Data

The historical data trend for Steppe Gold'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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Steppe Gold Days Payable Chart

Steppe Gold Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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55.26

120.14

92.01

35.44

28.74

Steppe Gold 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															17.77	113.50	168.80	53.68	43.58

Competitive Comparison of Steppe Gold's Days Payable

For the Gold subindustry, Steppe Gold'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.

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

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

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

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Steppe Gold 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.

Steppe Gold'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
=	( (2.16	+	16.205)	/	2 )	/	116.622	*	365
=	9.1825					/	116.622	*	365
=	28.74

Steppe Gold'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
=	( (18.064	+	16.205)	/	2 )	/	35.878	*	365 / 4
=	17.1345					/	35.878	*	365 / 4
=	43.58

Steppe Gold Days Payable Related Terms

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Steppe Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Steppe Gold Ltd (TSX:STGO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

STPGF:USA 2J9:Germany

Address

Olympic Street 19A, Shangri-La Office, Suite 1201, Sukhbaatar District 1, Ulaanbaatar, MNG, 14241

Website

https://www.steppegold.com

Steppe Gold Ltd is engaged in operating, developing, exploring, and acquiring precious metal projects in Mongolia. The company's commercially producing mine is the Altan Tsagaan Ovoo Property (the ATO Project, or ATO Gold Mine), located in Eastern Mongolia. In addition, it owns the Boroo and Ulaanbulag mines (together as the Boroo Project), and holds interest rights in the Uudam Khundii (UK) project in Mongolia. The company derives its revenue from the sale of gold and silver to banks in Mongolia at London Metal Exchange-based spot rates. A majority of its revenue is generated from the sale of gold.

Executives

Jeremy Thomas South	Senior Officer
Aneel Singh Waraich	Director, Senior Officer
Bataa Tumur-ochir	Director, Senior Officer
2176423 Ontario Ltd.	10% Security Holder
Eric Sprott	10% Security Holder
Paul Elliott Singer	10% Security Holder
Lim Asia Special Situations Master Fund Limited	10% Security Holder
Patrick Michaels	Director
Lewis Marks	Director

Steppe Gold Headlines

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