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Cassiar Gold (TSXV:GLDC) Days Payable : 0.00 (As of Jun. 2024)


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What is Cassiar Gold Days Payable?

Cassiar Gold's average Accounts Payable for the three months ended in Jun. 2024 was C$0.00 Mil. Cassiar Gold's Cost of Goods Sold for the three months ended in Jun. 2024 was C$0.02 Mil. Hence, Cassiar Gold's Days Payable for the three months ended in Jun. 2024 was 0.00.

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

TSXV:GLDC' s Days Payable Range Over the Past 10 Years
Min: 2285.81   Med: 4387.3   Max: 11963.89
Current: 4597.03

During the past 13 years, Cassiar Gold's highest Days Payable was 11963.89. The lowest was 2285.81. And the median was 4387.30.

TSXV:GLDC's Days Payable is ranked better than
81.84% of 1041 companies
in the Metals & Mining industry
Industry Median: 129.57 vs TSXV:GLDC: 4597.03

Cassiar Gold's Days Payable declined from Mar. 2023 (1,611.64) to Jun. 2024 (0.00). It may suggest that Cassiar Gold accelerated paying its suppliers.

Cassiar Gold Days Payable Historical Data

The historical data trend for Cassiar 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.

* Premium members only.

Cassiar Gold Days Payable Chart

Cassiar Gold Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,934.41 2,285.81 5,639.84 4,185.53 6,917.20

Cassiar Gold Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23 Mar24 Jun24
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 1,611.64 3,487.63 2,738.93 856.01 -

Competitive Comparison of Cassiar Gold's Days Payable

For the Gold subindustry, Cassiar 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.

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

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

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


Cassiar 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.

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

Days Payable (A: Sep. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2021 ) + Accounts Payable (A: Sep. 2022 )) / count ) / Cost of Goods Sold (A: Sep. 2022 )*Days in Period
=( (0.637 + 2.471) / 2 ) / 0.082*365
=1.554 / 0.082*365
=6,917.20

Cassiar Gold's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

Days Payable (Q: Jun. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2024 ) + Accounts Payable (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (0 + 0) / 1 ) / 0.021*365 / 4
=0 / 0.021*365 / 4
=0.00

* 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.

Cassiar Gold Days Payable Related Terms

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Cassiar Gold Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cassiar Gold Corp (TSXV:GLDC) » Definitions » Days Payable
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Traded in Other Exchanges
CGLCF:USA 756:Germany
Address
800 West Pender Street, Suite 450, Vancouver, BC, CAN, V6C 2V6
Website
https://www.cassiargold.com
Cassiar Gold Corp is focused on the district-scale Cassiar Gold Property in northern BC, Canada. The group is engaged in the exploration of gold in British Columbia, Canada. The company is focused on two assets, the Cassiar Gold Project and the Sheep Creek Gold District. The property consists of two main project areas namely Cassiar North, which hosts a substantial bulk-tonnage orogenic gold resource with significant expansion potential over approximately 6 km strike length; and Cassiar South, which hosts numerous high-grade epizonal quartz gold vein systems, about 25 km of historical underground workings.