Glen Eagle Resources (TSXV:GER) Days Payable : 303.21 (As of Sep. 2023)

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What is Glen Eagle Resources Days Payable?

Glen Eagle Resources's average Accounts Payable for the three months ended in Sep. 2023 was C$0.42 Mil. Glen Eagle Resources's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.13 Mil. Hence, Glen Eagle Resources's Days Payable for the three months ended in Sep. 2023 was 303.21.

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

TSXV:GER' s Days Payable Range Over the Past 10 Years
Min: 27.41 Med: 49.94 Max: 169.38
Current: 87.05

During the past 13 years, Glen Eagle Resources's highest Days Payable was 169.38. The lowest was 27.41. And the median was 49.94.

TSXV:GER's Days Payable is ranked worse than
57.96% of 1068 companies
in the Metals & Mining industry
Industry Median: 136.005 vs TSXV:GER: 87.05

Glen Eagle Resources's Days Payable increased from Sep. 2022 (59.92) to Sep. 2023 (303.21). It may suggest that Glen Eagle Resources delayed paying its suppliers.

Glen Eagle Resources Days Payable Historical Data

The historical data trend for Glen Eagle 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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Glen Eagle Resources Days Payable Chart

Glen Eagle Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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75.09

27.41

53.05

46.83

43.34

Glen Eagle Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															59.92	32.24	97.91	164.64	303.21

Competitive Comparison of Glen Eagle Resources's Days Payable

For the Other Industrial Metals & Mining subindustry, Glen Eagle 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.

Glen Eagle Resources's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Glen Eagle Resources's Days Payable falls into.

Glen Eagle 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.

Glen Eagle Resources's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.157	+	0.34)	/	2 )	/	2.093	*	365
=	0.2485					/	2.093	*	365
=	43.34

Glen Eagle Resources's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	0.422)	/	1 )	/	0.127	*	365 / 4
=	0.422					/	0.127	*	365 / 4
=	303.21

Glen Eagle Resources Days Payable Related Terms

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Glen Eagle Resources (TSXV:GER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Glen Eagle Resources Inc (TSXV:GER) » Definitions » Days Payable

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Traded in Other Exchanges

GERFF:USA

Address

3650 F Boulevard Matte, Brossard, QC, CAN, J4Y 2Z2

Website

https://www.gleneagleresources.ca

Glen Eagle Resources Inc is a Canada-based company engaged in the acquisition, exploration and evaluation of mining properties. The company currently operates in two segments which are the acquisition, exploration, evaluation, and development of mineral properties, recovery of gold and silver from tailings and recovery of gold from rocks. The corporation's activities are conducted in Quebec (Canada), and Honduras. Its properties include Moose Lake in Canada; Project Cobra Oro 1, and Project Cobra Oro 2 in Honduras.