New Found Gold (TSXV:NFG) Days Payable : 0.00 (As of Sep. 2024)

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What is New Found Gold Days Payable?

New Found Gold's average Accounts Payable for the three months ended in Sep. 2024 was C$0.00 Mil. New Found Gold's Cost of Goods Sold for the three months ended in Sep. 2024 was C$0.20 Mil. Hence, New Found Gold's Days Payable for the three months ended in Sep. 2024 was 0.00.

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

TSXV:NFG's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 129.57
* Ranked among companies with meaningful Days Payable only.

New Found Gold's Days Payable stayed the same from Sep. 2023 (0.00) to Sep. 2024 (0.00). stayed the same

New Found Gold Days Payable Historical Data

The historical data trend for New Found 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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New Found Gold Days Payable Chart

New Found Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

New Found 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															-	-	-	-	-

Competitive Comparison of New Found Gold's Days Payable

For the Gold subindustry, New Found 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.

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

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

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

New Found 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.

New Found 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	+	0)	/	1 )	/	0.94	*	365
=	0					/	0.94	*	365
=	0.00

New Found 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	+	0)	/	1 )	/	0.196	*	365 / 4
=	0					/	0.196	*	365 / 4
=	0.00

New Found Gold Days Payable Related Terms

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New Found Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Found Gold Corp (TSXV:NFG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NFGC:USA 5QG:Germany

Address

1600 - 595 Burrard Street, Vancouver, BC, CAN, V6C 2V6

Website

https://www.newfoundgold.ca

New Found Gold Corp is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in the Provinces of Newfoundland and Labrador and Ontario, Canada. The Company's exploration is focused on discovering and delineating gold resources. The Company has one material property: the Queensway Project located in Newfoundland, Canada (the Queensway Project).

Executives

2176423 Ontario Ltd.	10% Security Holder
Eric Sprott	10% Security Holder
Sprott Mining Inc.	10% Security Holder
Raymond Wesley Threlkeld	Director
Denis Roland Laviolette	Director, Senior Officer
Craig A. Roberts	Director, Senior Officer
Melissa Render	Senior Officer
Quinton Todd Hennigh	Director