NeXGold Mining (TSXV:NEXG) Days Payable : 921.81 (As of Sep. 2024)

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What is NeXGold Mining Days Payable?

NeXGold Mining's average Accounts Payable for the three months ended in Sep. 2024 was C$0.50 Mil. NeXGold Mining's Cost of Goods Sold for the three months ended in Sep. 2024 was C$0.05 Mil. Hence, NeXGold Mining's Days Payable for the three months ended in Sep. 2024 was 921.81.

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

TSXV:NEXG' s Days Payable Range Over the Past 10 Years
Min: 637.12 Med: 1010.07 Max: 2338.92
Current: 637.12

During the past 13 years, NeXGold Mining's highest Days Payable was 2338.92. The lowest was 637.12. And the median was 1010.07.

TSXV:NEXG's Days Payable is ranked better than
63.85% of 1029 companies
in the Metals & Mining industry
Industry Median: 135.14 vs TSXV:NEXG: 637.12

NeXGold Mining's Days Payable increased from Sep. 2023 (174.45) to Sep. 2024 (921.81). It may suggest that NeXGold Mining delayed paying its suppliers.

NeXGold Mining Days Payable Historical Data

The historical data trend for NeXGold 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.

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NeXGold Mining Days Payable Chart

NeXGold Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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2,338.92

949.62

1,010.07

NeXGold Mining 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															174.45	631.59	592.23	185.18	921.81

Competitive Comparison of NeXGold Mining's Days Payable

For the Gold subindustry, NeXGold 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.

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

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

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

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NeXGold 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.

NeXGold 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
=	( (0.523	+	0.595)	/	2 )	/	0.202	*	365
=	0.559					/	0.202	*	365
=	1,010.07

NeXGold Mining'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
=	( (0.14	+	0.85)	/	2 )	/	0.049	*	365 / 4
=	0.495					/	0.049	*	365 / 4
=	921.81

NeXGold Mining Days Payable Related Terms

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NeXGold Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NeXGold Mining Corp (TSXV:NEXG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NXGCF:USA TRC:Germany TRC:Germany

Address

15 Toronto Street, Suite 401, Toronto, ON, CAN, M5C 2E3

Website

https://www.nexgold.com

NeXGold Mining Corp is an exploration-stage company. The company is engaged in the exploration and evaluation of mineral resources. The company's project includes the Goliath Gold Project, Goldlund Gold Project, Miller Gold Project located in Northwestern Ontario.

Executives

Michele Ashby	Director
Orin Michael Baranowsky	Senior Officer
James Kitchener Gowans	Director
Christophe Vereecke	Director
David Edward Whittle	Director
William J. Fisher	Director
Marc Charles Henderson	Director
Greg Ferron	Senior Officer
Dennis George Gibson	Senior Officer

NeXGold Mining Headlines

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