Trans Canada Gold (TSXV:TTG) Days Payable : 511.42 (As of Sep. 2024)

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What is Trans Canada Gold Days Payable?

Trans Canada Gold's average Accounts Payable for the three months ended in Sep. 2024 was C$0.24 Mil. Trans Canada Gold's Cost of Goods Sold for the three months ended in Sep. 2024 was C$0.04 Mil. Hence, Trans Canada Gold's Days Payable for the three months ended in Sep. 2024 was 511.42.

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

TSXV:TTG' s Days Payable Range Over the Past 10 Years
Min: 7.09 Med: 180.14 Max: 713.9
Current: 160.36

During the past 13 years, Trans Canada Gold's highest Days Payable was 713.90. The lowest was 7.09. And the median was 180.14.

TSXV:TTG's Days Payable is ranked better than
78.52% of 880 companies
in the Oil & Gas industry
Industry Median: 60.01 vs TSXV:TTG: 160.36

Trans Canada Gold's Days Payable increased from Sep. 2023 (0.00) to Sep. 2024 (511.42). It may suggest that Trans Canada Gold delayed paying its suppliers.

Trans Canada Gold Days Payable Historical Data

The historical data trend for Trans Canada 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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Trans Canada Gold Days Payable Chart

Trans Canada Gold Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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713.90

319.38

94.95

221.42

138.68

Trans Canada 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															-	244.72	189.83	46.83	511.42

Competitive Comparison of Trans Canada Gold's Days Payable

For the Oil & Gas E&P subindustry, Trans Canada 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.

Trans Canada Gold's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Trans Canada Gold's Days Payable distribution charts can be found below:

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

Trans Canada 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.

Trans Canada Gold's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

	Days Payable (A: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2023 )	+	Accounts Payable (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (0.113	+	0.137)	/	2 )	/	0.329	*	365
=	0.125					/	0.329	*	365
=	138.68

Trans Canada 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
=	( (0.137	+	0.345)	/	2 )	/	0.043	*	365 / 4
=	0.241					/	0.043	*	365 / 4
=	511.42

Trans Canada Gold Days Payable Related Terms

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Trans Canada Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trans Canada Gold Corp (TSXV:TTG) » Definitions » Days Payable

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Traded in Other Exchanges

TTGXF:USA

Address

777 Hornby Street, Suite 900, Vancouver, BC, CAN, V6Z 1Z4

Website

https://www.transcanadagold.com

Trans Canada Gold Corp is a gold and mineral exploration and Oil & Gas Resource Development Company. It is focused on developing its District Scale Gold exploration project in Ontario. The company identifies, acquires and finances the acquisition of gold exploration properties and the ongoing development of mining and oil and gas assets. The company operates in two reportable segments, being exploration of mineral assets and petroleum production.

Executives

Daniel Scholefield	10% Security Holder
Timothy Andrew Coupland	Director, Senior Officer