Kore Mining (TSXV:KORE) Days Payable : 4,102.10 (As of Dec. 2023)

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What is Kore Mining Days Payable?

Kore Mining's average Accounts Payable for the three months ended in Dec. 2023 was C$0.49 Mil. Kore Mining's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.01 Mil. Hence, Kore Mining's Days Payable for the three months ended in Dec. 2023 was 4,102.10.

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

TSXV:KORE' s Days Payable Range Over the Past 10 Years
Min: 1348.79 Med: 2549.21 Max: 18624.13
Current: 1914.53

During the past 13 years, Kore Mining's highest Days Payable was 18624.13. The lowest was 1348.79. And the median was 2549.21.

TSXV:KORE's Days Payable is ranked better than
72.19% of 1068 companies
in the Metals & Mining industry
Industry Median: 136.005 vs TSXV:KORE: 1914.53

Kore Mining's Days Payable increased from Dec. 2022 (1,426.48) to Dec. 2023 (4,102.10). It may suggest that Kore Mining delayed paying its suppliers.

Kore Mining Days Payable Historical Data

The historical data trend for Kore Mining'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.

Kore Mining Days Payable Chart

Kore Mining Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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18,624.13

3,012.70

1,348.79

2,085.71

Kore Mining 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															1,426.48	1,782.06	1,085.29	3,014.51	4,102.10

Competitive Comparison of Kore Mining's Days Payable

For the Gold subindustry, Kore Mining'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.

Kore Mining's Days Payable Distribution in the Metals & Mining Industry

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

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

Kore Mining 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.

Kore Mining'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
=	( (0.673	+	0.527)	/	2 )	/	0.105	*	365
=	0.6					/	0.105	*	365
=	2,085.71

Kore Mining'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
=	( (0.462	+	0.527)	/	2 )	/	0.011	*	365 / 4
=	0.4945					/	0.011	*	365 / 4
=	4,102.10

Kore Mining Days Payable Related Terms

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Kore Mining (TSXV:KORE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kore Mining Ltd (TSXV:KORE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

KOREF:USA EUSA:Germany

Address

1055 West Hastings Street, Suite 960, Vancouver, BC, CAN, V6B 0B8

Website

https://www.koremining.com

Kore Mining Ltd is an exploration and development stage company. It is engaged in the acquisition, exploration, and development of exploration and evaluation properties in the United States and Canada. The company owns interests in the Imperial and Long Valley gold development projects, located in California, USA, as well as projects in British Columbia, Canada.

Executives

James Warwick Hynes

Director, Senior Officer