Nevada King Gold (TSXV:NKG) Days Payable : 7,037.66 (As of Dec. 2023)

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What is Nevada King Gold Days Payable?

Nevada King Gold's average Accounts Payable for the three months ended in Dec. 2023 was C$0.93 Mil. Nevada King Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.01 Mil. Hence, Nevada King Gold's Days Payable for the three months ended in Dec. 2023 was 7,037.66.

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

TSXV:NKG' s Days Payable Range Over the Past 10 Years
Min: 3417.73 Med: 5484.64 Max: 10564.72
Current: 10564.72

During the past 13 years, Nevada King Gold's highest Days Payable was 10564.72. The lowest was 3417.73. And the median was 5484.64.

TSXV:NKG's Days Payable is ranked better than
88.58% of 1068 companies
in the Metals & Mining industry
Industry Median: 136.005 vs TSXV:NKG: 10564.72

Nevada King Gold's Days Payable declined from Sep. 2022 (14,736.88) to Dec. 2023 (7,037.66). It may suggest that Nevada King Gold accelerated paying its suppliers.

Nevada King Gold Days Payable Historical Data

The historical data trend for Nevada King 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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Nevada King Gold Days Payable Chart

Nevada King Gold Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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3,417.73

7,551.55

Nevada King Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															14,736.88	14,755.13	8,949.52	9,950.40	7,037.66

Competitive Comparison of Nevada King Gold's Days Payable

For the Other Industrial Metals & Mining subindustry, Nevada King 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.

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

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

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

Nevada King 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.

Nevada King Gold's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.256	+	1.275)	/	2 )	/	0.037	*	365
=	0.7655					/	0.037	*	365
=	7,551.55

Nevada King Gold'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
=	( (1.124	+	0.727)	/	2 )	/	0.012	*	365 / 4
=	0.9255					/	0.012	*	365 / 4
=	7,037.66

Nevada King Gold Days Payable Related Terms

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Nevada King Gold (TSXV:NKG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevada King Gold Corp (TSXV:NKG) » Definitions » Days Payable

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NKGFF:USA

Address

1600 - 595 Burrard Street, Vancouver, BC, CAN, V7X 1L4

Website

https://www.nevadaking.ca

Nevada King Gold Corp is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties in Nevada. The company's project portfolio includes Atlanta, Lewis, Horse Mtn. mill creek, iron and other seven projects.

Executives

Michael A Parker

10% Security Holder