Triumph Gold (TSXV:TIG) Days Payable : 24,455.00 (As of Mar. 2024)

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What is Triumph Gold Days Payable?

Triumph Gold's average Accounts Payable for the three months ended in Mar. 2024 was C$0.27 Mil. Triumph Gold's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.00 Mil. Hence, Triumph Gold's Days Payable for the three months ended in Mar. 2024 was 24,455.00.

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

TSXV:TIG' s Days Payable Range Over the Past 10 Years
Min: 1120.27 Med: 3195.03 Max: 46879.69
Current: 12483

During the past 13 years, Triumph Gold's highest Days Payable was 46879.69. The lowest was 1120.27. And the median was 3195.03.

TSXV:TIG's Days Payable is ranked better than
90.14% of 1065 companies
in the Metals & Mining industry
Industry Median: 136.2 vs TSXV:TIG: 12483.00

Triumph Gold's Days Payable declined from Mar. 2023 (31,344.38) to Mar. 2024 (24,455.00). It may suggest that Triumph Gold accelerated paying its suppliers.

Triumph Gold Days Payable Historical Data

The historical data trend for Triumph 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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Triumph Gold Days Payable Chart

Triumph Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1,120.27

1,200.08

1,852.70

5,880.79

46,879.69

Triumph Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															31,344.38	9,946.25	9,284.69	10,790.31	24,455.00

Competitive Comparison of Triumph Gold's Days Payable

For the Other Industrial Metals & Mining subindustry, Triumph 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.

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

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

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

Triumph 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.

Triumph 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
=	( (1.807	+	0.248)	/	2 )	/	0.008	*	365
=	1.0275					/	0.008	*	365
=	46,879.69

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

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.248	+	0.288)	/	2 )	/	0.001	*	365 / 4
=	0.268					/	0.001	*	365 / 4
=	24,455.00

Triumph Gold Days Payable Related Terms

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Triumph Gold (TSXV:TIG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TIGCF:USA 0VLY:UK 8N6:Germany

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.triumphgoldcorp.com

Triumph Gold Corp is an exploration and development company with a district-scale land package in mining-friendly Yukon. The company's 100% owned flagship Freegold Mountain Project is located in the Dawson Range and is host to three NI 43-101 Mineral Deposits. The company also owns 100% of the Big Creek and Tad/Toro copper-gold Properties, situated within the Dawson Range. The Company operates in one operating segment, that being the exploration of mineral properties.

Executives

Palisade Global Investments Ltd.

10% Security Holder