Cerrado Gold (TSXV:CERT) Days Payable : 40.58 (As of Sep. 2023)

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What is Cerrado Gold Days Payable?

Cerrado Gold's average Accounts Payable for the three months ended in Sep. 2023 was C$12.2 Mil. Cerrado Gold's Cost of Goods Sold for the three months ended in Sep. 2023 was C$27.4 Mil. Hence, Cerrado Gold's Days Payable for the three months ended in Sep. 2023 was 40.58.

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

TSXV:CERT' s Days Payable Range Over the Past 10 Years
Min: 42.77 Med: 48.1 Max: 53.43
Current: 43.85

During the past 2 years, Cerrado Gold's highest Days Payable was 53.43. The lowest was 42.77. And the median was 48.10.

TSXV:CERT's Days Payable is ranked worse than
77.03% of 1071 companies
in the Metals & Mining industry
Industry Median: 130.91 vs TSXV:CERT: 43.85

Cerrado Gold's Days Payable declined from Sep. 2022 (46.13) to Sep. 2023 (40.58). It may suggest that Cerrado Gold accelerated paying its suppliers.

Cerrado Gold Days Payable Historical Data

The historical data trend for Cerrado 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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Cerrado Gold Days Payable Chart

Cerrado Gold Annual Data

Trend

Dec21

Dec22

Days Payable

53.43

42.77

Cerrado Gold Quarterly Data
	Sep19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial										46.13	49.57	37.12	36.36	40.58

Competitive Comparison of Cerrado Gold's Days Payable

For the Gold subindustry, Cerrado 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.

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

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

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

Cerrado 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.

Cerrado Gold's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (10.566	+	12.031)	/	2 )	/	96.43	*	365
=	11.2985					/	96.43	*	365
=	42.77

Cerrado Gold's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (6.72	+	17.673)	/	2 )	/	27.428	*	365 / 4
=	12.1965					/	27.428	*	365 / 4
=	40.58

Cerrado Gold Days Payable Related Terms

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Cerrado Gold (TSXV:CERT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cerrado Gold Inc (TSXV:CERT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CRDOF:USA

Address

200 Bay Street, Suite 3205, Toronto, ON, CAN, M5J 2J2

Website

https://www.cerradogold.com

Cerrado Gold Inc is a precious metals mining and exploration company building a portfolio of assets in South America. The company owns Minera Don Nicolas Project, located in Santa Cruz, Argentina. It is also focused on exploration at its Monte do Carmo gold Project in Tocantins State, Brazil.

Executives

Maria Virginia Anzola

Director