GGL Resources (TSXV:GGL) Days Payable : 0.00 (As of Feb. 2024)

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What is GGL Resources Days Payable?

GGL Resources's average Accounts Payable for the three months ended in Feb. 2024 was C$0.06 Mil. GGL Resources's Cost of Goods Sold for the three months ended in Feb. 2024 was C$0.00 Mil.

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

During the past 13 years, GGL Resources's highest Days Payable was 68802.50. The lowest was 3132.92. And the median was 8258.13.

TSXV:GGL's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 133.65
* Ranked among companies with meaningful Days Payable only.

GGL Resources's Days Payable stayed the same from Feb. 2023 (0.00) to Feb. 2024 (0.00). stayed the same

GGL Resources Days Payable Historical Data

The historical data trend for GGL 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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GGL Resources Days Payable Chart

GGL Resources Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

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3,132.92

8,258.13

8,166.88

43,982.50

GGL Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of GGL Resources's Days Payable

For the Other Precious Metals & Mining subindustry, GGL 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.

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

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

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

GGL 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.

GGL Resources's Days Payable for the fiscal year that ended in Nov. 2023 is calculated as

	Days Payable (A: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2022 )	+	Accounts Payable (A: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2023 )	*	Days in Period
=	( (0.432	+	0.047)	/	2 )	/	0	*	365
=	0.2395					/	0	*	365
=	N/A

GGL Resources's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (0.047	+	0.065)	/	2 )	/	0	*	365 / 4
=	0.056					/	0	*	365 / 4
=	N/A

GGL Resources Days Payable Related Terms

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GGL Resources (TSXV:GGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GGL Resources Corp (TSXV:GGL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GGLXF:USA

Address

1100 Melville Street, Suite 510, Vancouver, BC, CAN, V6E 4A6

Website

https://www.gglresourcescorp.com

GGL Resources Corp is a resource exploration company engaged in the exploration and development of mineral properties. Its mineral property interests consist of exploration-stage mineral properties located in the Northwest Territories, Nunavut, and British Columbia in Canada and in Nevada, USA. The company holds an interest in the properties of Bishop, Gold Point, CH, Rhombus, Stein, Providence Greenstone Belt, and McConnell Creek, among others.

Executives

David Kelsch

Director, Senior Officer

GGL Resources (TSXV:GGL) Headlines

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