Newcore Gold (TSXV:NCAU) Days Payable : 11,976.56 (As of Sep. 2024)

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What is Newcore Gold Days Payable?

Newcore Gold's average Accounts Payable for the three months ended in Sep. 2024 was C$0.53 Mil. Newcore Gold's Cost of Goods Sold for the three months ended in Sep. 2024 was C$0.00 Mil. Hence, Newcore Gold's Days Payable for the three months ended in Sep. 2024 was 11,976.56.

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

TSXV:NCAU' s Days Payable Range Over the Past 10 Years
Min: 7446 Med: 32079.44 Max: 81242.92
Current: 7446

During the past 13 years, Newcore Gold's highest Days Payable was 81242.92. The lowest was 7446.00. And the median was 32079.44.

TSXV:NCAU's Days Payable is ranked better than
85.8% of 1042 companies
in the Metals & Mining industry
Industry Median: 129.235 vs TSXV:NCAU: 7446.00

Newcore Gold's Days Payable increased from Sep. 2023 (2,361.09) to Sep. 2024 (11,976.56). It may suggest that Newcore Gold delayed paying its suppliers.

Newcore Gold Days Payable Historical Data

The historical data trend for Newcore 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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Newcore Gold Days Payable Chart

Newcore Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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81,242.92

32,079.44

9,141.59

Newcore Gold Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															2,361.09	3,524.53	5,052.97	5,509.22	11,976.56

Competitive Comparison of Newcore Gold's Days Payable

For the Gold subindustry, Newcore 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.

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

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

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

Newcore 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.

Newcore Gold'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
=	( (0.381	+	0.17)	/	2 )	/	0.011	*	365
=	0.2755					/	0.011	*	365
=	9,141.59

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

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.21	+	0.84)	/	2 )	/	0.004	*	365 / 4
=	0.525					/	0.004	*	365 / 4
=	11,976.56

Newcore Gold Days Payable Related Terms

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Newcore Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newcore Gold Ltd (TSXV:NCAU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NCAUF:USA PI8:Germany

Address

200 Burrard Street, Suite 1560, Vancouver, BC, CAN, V6C 3L6

Website

https://www.newcoregold.com

Newcore Gold Ltd is a gold exploration and development company advancing the Enchi Gold Project in southwest Ghana. It has one segment, the acquisition, exploration, evaluation, and development of mineral resource properties.

Executives

Douglas Burton Forster	10% Security Holder, Director
Luke Alexander	Director, Senior Officer
Ryan King	Director
Malgorzata Karwowska	Senior Officer
Douglas Hurst	Director

Newcore Gold Headlines

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