Engold Mines (Engold Mines) Days Payable : 3,206.79 (As of Dec. 2023)

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What is Engold Mines Days Payable?

Engold Mines's average Accounts Payable for the three months ended in Dec. 2023 was $0.25 Mil. Engold Mines's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.01 Mil. Hence, Engold Mines's Days Payable for the three months ended in Dec. 2023 was 3,206.79.

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

GWRRF' s Days Payable Range Over the Past 10 Years
Min: 2748.24 Med: 3078.49 Max: 3840.8
Current: 3366.11

During the past 13 years, Engold Mines's highest Days Payable was 3840.80. The lowest was 2748.24. And the median was 3078.49.

GWRRF's Days Payable is ranked better than
78.65% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs GWRRF: 3366.11

Engold Mines's Days Payable increased from Dec. 2022 (2,321.81) to Dec. 2023 (3,206.79). It may suggest that Engold Mines delayed paying its suppliers.

Engold Mines Days Payable Historical Data

The historical data trend for Engold Mines'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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Engold Mines Days Payable Chart

Engold Mines Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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3,806.43

2,852.76

3,109.02

Engold Mines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															2,321.81	-	-	3,232.86	3,206.79

Competitive Comparison of Engold Mines's Days Payable

For the Other Industrial Metals & Mining subindustry, Engold Mines'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.

Engold Mines's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Engold Mines's Days Payable falls into.

Engold Mines 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.

Engold Mines's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (0.229	+	0.248)	/	2 )	/	0.028	*	365
=	0.2385					/	0.028	*	365
=	3,109.02

Engold Mines'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
=	( (0.248	+	0.244)	/	2 )	/	0.007	*	365 / 4
=	0.246					/	0.007	*	365 / 4
=	3,206.79

Engold Mines Days Payable Related Terms

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Engold Mines (Engold Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Engold Mines Ltd (OTCPK:GWRRF) » Definitions » Days Payable

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Traded in Other Exchanges

EGM:Canada

Address

1090 West Georgia Street, Suite 488, Vancouver, BC, CAN, V6E 3V7

Website

https://www.engold.ca

Engold Mines Ltd is in the business of exploring and evaluating economically viable mineral properties in Canada. The company's properties include Lac La Hache, Gibraltar, and Mt. Polley mines and Aurizon Gold-Silver-Copper Zone.

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