XTGRF (Xtra-Gold Resources) Days Payable : 11.10 (As of Sep. 2024)

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What is Xtra-Gold Resources Days Payable?

Xtra-Gold Resources's average Accounts Payable for the three months ended in Sep. 2024 was $0.00 Mil. Xtra-Gold Resources's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.04 Mil. Hence, Xtra-Gold Resources's Days Payable for the three months ended in Sep. 2024 was 11.10.

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

XTGRF' s Days Payable Range Over the Past 10 Years
Min: 8.34 Med: 104.72 Max: 131.69
Current: 8.34

During the past 13 years, Xtra-Gold Resources's highest Days Payable was 131.69. The lowest was 8.34. And the median was 104.72.

XTGRF's Days Payable is ranked worse than
97.95% of 1026 companies
in the Metals & Mining industry
Industry Median: 130.785 vs XTGRF: 8.34

Xtra-Gold Resources's Days Payable increased from Sep. 2023 (0.00) to Sep. 2024 (11.10). It may suggest that Xtra-Gold Resources delayed paying its suppliers.

Xtra-Gold Resources Days Payable Historical Data

The historical data trend for Xtra-Gold Resources'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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Xtra-Gold Resources Days Payable Chart

Xtra-Gold Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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132.02

76.96

Xtra-Gold Resources 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															-	3.97	6.91	7.40	11.10

Competitive Comparison of Xtra-Gold Resources's Days Payable

For the Gold subindustry, Xtra-Gold Resources'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.

Xtra-Gold Resources's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Xtra-Gold Resources's Days Payable falls into.

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Xtra-Gold Resources 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.

Xtra-Gold Resources'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
=	( (0.068	+	0.002)	/	2 )	/	0.166	*	365
=	0.035					/	0.166	*	365
=	76.96

Xtra-Gold Resources'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
=	( (0.003	+	0.006)	/	2 )	/	0.037	*	365 / 4
=	0.0045					/	0.037	*	365 / 4
=	11.10

Xtra-Gold Resources Days Payable Related Terms

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Xtra-Gold Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xtra-Gold Resources Corp (OTCPK:XTGRF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

XTG:Canada

Address

Shirley Street Plaza, Suite 2150, P.O Box AP 59217, Nassau, BHS

Website

https://www.xtragold.com

Xtra-Gold Resources Corp became a resource exploration with gold exploration focused on defining a potentially resource on its Kibi Gold Discovery located in the Republic of Ghana, West Africa.. It has also engaged in the recovery of gold through alluvial operations on its claims. It includes the Kibi Gold Project and the Banso and Muoso Projects.

Xtra-Gold Resources Headlines

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