Intercontinental Gold And Metals (TSXV:ICAU.H) Days Payable : 38.65 (As of Sep. 2021)

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What is Intercontinental Gold And Metals Days Payable?

Intercontinental Gold And Metals's average Accounts Payable for the three months ended in Sep. 2021 was C$0.75 Mil. Intercontinental Gold And Metals's Cost of Goods Sold for the three months ended in Sep. 2021 was C$1.78 Mil. Hence, Intercontinental Gold And Metals's Days Payable for the three months ended in Sep. 2021 was 38.65.

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

TSXV:ICAU.H's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 137.515
* Ranked among companies with meaningful Days Payable only.

Intercontinental Gold And Metals's Days Payable declined from Sep. 2020 (250.21) to Sep. 2021 (38.65). It may suggest that Intercontinental Gold And Metals accelerated paying its suppliers.

Intercontinental Gold And Metals Days Payable Historical Data

The historical data trend for Intercontinental Gold And Metals'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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Intercontinental Gold And Metals Days Payable Chart

Intercontinental Gold And Metals Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Days Payable

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8.94

0.75

1.54

Intercontinental Gold And Metals Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Days Payable	Get a 7-Day Free Trial															250.21	58.46	10.95	28.39	38.65

Competitive Comparison of Intercontinental Gold And Metals's Days Payable

For the Gold subindustry, Intercontinental Gold And Metals'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.

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

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

* The bar in red indicates where Intercontinental Gold And Metals's Days Payable falls into.

Intercontinental Gold And Metals 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.

Intercontinental Gold And Metals's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

	Days Payable (A: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2019 )	+	Accounts Payable (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (0.496	+	0.347)	/	2 )	/	100.016	*	365
=	0.4215					/	100.016	*	365
=	1.54

Intercontinental Gold And Metals's Days Payable for the quarter that ended in Sep. 2021 is calculated as:

	Days Payable (Q: Sep. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2021 )	+	Accounts Payable (Q: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
=	( (0.452	+	1.055)	/	2 )	/	1.779	*	365 / 4
=	0.7535					/	1.779	*	365 / 4
=	38.65

Intercontinental Gold And Metals Days Payable Related Terms

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Intercontinental Gold And Metals (TSXV:ICAU.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Intercontinental Gold And Metals Ltd (TSXV:ICAU.H) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

http://www.intercontinentalgold.com

Intercontinental Gold And Metals Ltd is a Canada-based company. It is engaged in the business of acquiring, exploring and evaluating assets with a focus on the Gold business. The company geographical segments include Canada and Bolivia.

Intercontinental Gold And Metals (TSXV:ICAU.H) Headlines

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