Ashantinkofa (TSXV:ASI.H) Days Payable: 0.00 (As of Nov. 2021)

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What is Ashantinkofa Days Payable?

Ashantinkofa TSXV:ASI.H Days Payable is 0.00 as of Nov. 2021.

Ashantinkofa's average Accounts Payable for the three months ended in Nov. 2021 was C$0.30 Mil. Ashantinkofa's Cost of Goods Sold for the three months ended in Nov. 2021 was C$0.00 Mil.

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

TSXV:ASI.H's Days Payable is not ranked *
in the Metals & Mining industry.
Industry Median: 126.51
* Ranked among companies with meaningful Days Payable only.

Ashantinkofa's Days Payable stayed the same from Nov. 2020 (0.00) to Nov. 2021 (0.00). stayed the same

Ashantinkofa Days Payable Historical Data

* Premium members only.

The historical data trend for Ashantinkofa'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.

Ashantinkofa Days Payable Chart

Ashantinkofa Annual Data
Trend Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Ashantinkofa Quarterly Data
Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

TSXV:ASI.H vs NEM: Days Payable Comparison

For the Gold subindustry, Ashantinkofa'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.

Ashantinkofa Days Payable vs Metals & Mining Industry

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

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


Ashantinkofa 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.

Ashantinkofa's Days Payable for the fiscal year that ended in Feb. 2021 is calculated as

Days Payable (A: Feb. 2021 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Feb. 2020 ) + Accounts Payable (A: Feb. 2021 )) / count ) / Cost of Goods Sold (A: Feb. 2021 )*Days in Period
=( (0.251 + 0.256) / 2 ) / 0*365
=0.2535 / 0*365
=N/A

Ashantinkofa's Days Payable for the quarter that ended in Nov. 2021 is calculated as:

Days Payable (Q: Nov. 2021 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Aug. 2021 ) + Accounts Payable (Q: Nov. 2021 )) / count ) / Cost of Goods Sold (Q: Nov. 2021 )*Days in Period
=( (0.285 + 0.319) / 2 ) / 0*365 / 4
=0.302 / 0*365 / 4
=N/A

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 0.00 mean?
Ashantinkofa (TSXV:ASI.H) has a Days Payable of 0.00 as of Nov. 2021. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ashantinkofa and its competitors.
Is Ashantinkofa's Days Payable too high?
Ashantinkofa's current Days Payable is 0.00.
How does Ashantinkofa's Days Payable compare to NEM?
Ashantinkofa's Days Payable of 0.00 can be compared against companies in the Metals & Mining industry. The industry median Days Payable is 126.51. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Metals & Mining company?
The median Days Payable among Metals & Mining companies is 126.51, based on 1,065 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ashantinkofa and its competitors. For the Metals & Mining industry, the median Days Payable is 126.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashantinkofa's current Days Payable is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashantinkofa stock overvalued right now?
Ashantinkofa (TSXV:ASI.H) has a current Days Payable of 0.00. The current Days Payable is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Ashantinkofa (TSXV:ASI.H), the current Days Payable is 0.00 as of Nov. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ashantinkofa Business Description

Address 938 Howe Street, Suite 908, Vancouver, BC, CAN, V6Z 1N9
Ashanti Sankofa Inc is a Canada based exploration and development stage company. It is engaged in the acquisition and exploration of mineral properties. The company is currently focused on gold exploration activity in West Africa. Its exploration and evaluation assets comprise the North Ashanti-Anuoro project.