Awale Resources (TSXV:ARIC) Days Payable : 15,310.45 (As of Dec. 2023)

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What is Awale Resources Days Payable?

Awale Resources's average Accounts Payable for the three months ended in Dec. 2023 was C$1.17 Mil. Awale Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.01 Mil. Hence, Awale Resources's Days Payable for the three months ended in Dec. 2023 was 15,310.45.

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

TSXV:ARIC' s Days Payable Range Over the Past 10 Years
Min: 2478.6 Med: 10019.21 Max: 69877.22
Current: 53078.3

During the past 9 years, Awale Resources's highest Days Payable was 69877.22. The lowest was 2478.60. And the median was 10019.21.

TSXV:ARIC's Days Payable is ranked better than
97.28% of 1068 companies
in the Metals & Mining industry
Industry Median: 131.36 vs TSXV:ARIC: 53078.30

Awale Resources's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (15,310.45). It may suggest that Awale Resources delayed paying its suppliers.

Awale Resources Days Payable Historical Data

The historical data trend for Awale 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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Awale Resources Days Payable Chart

Awale Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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4,298.46

8,855.22

11,183.19

23,957.27

69,877.22

Awale Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															-	169,268.75	133,316.25	96,496.88	15,310.45

Competitive Comparison of Awale Resources's Days Payable

For the Gold subindustry, Awale 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.

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

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

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

Awale 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.

Awale 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
=	( (2	+	1.446)	/	2 )	/	0.009	*	365
=	1.723					/	0.009	*	365
=	69,877.22

Awale Resources'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.903	+	1.446)	/	2 )	/	0.007	*	365 / 4
=	1.1745					/	0.007	*	365 / 4
=	15,310.45

Awale Resources Days Payable Related Terms

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Awale Resources (TSXV:ARIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Awale Resources Ltd (TSXV:ARIC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AWLRF:USA

Address

625 Howe Street, Suite 1020, Vancouver, BC, CAN, V6C 2T6

Website

https://www.awaleresources.com

Awale Resources Ltd is engaged in gold exploration in Cote d'Ivoire. The company projects include Bondoukou, Odienne, and Abengourou.

Executives

Robin Jonathan Eckford Birchall	Director
Andrew Chubb	Director, Senior Officer
Derk Hartman	Director
Kathryn Ellen Witter	Senior Officer

Awale Resources (TSXV:ARIC) Headlines

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