Kobo Resources (TSXV:KRI) Days Payable : 13,733.13 (As of Sep. 2023)

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What is Kobo Resources Days Payable?

Kobo Resources's average Accounts Payable for the three months ended in Sep. 2023 was C$0.75 Mil. Kobo Resources's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.01 Mil. Hence, Kobo Resources's Days Payable for the three months ended in Sep. 2023 was 13,733.13.

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

TSXV:KRI' s Days Payable Range Over the Past 10 Years
Min: 4459.35 Med: 7149.24 Max: 15072.12
Current: 15072.12

During the past 3 years, Kobo Resources's highest Days Payable was 15072.12. The lowest was 4459.35. And the median was 7149.24.

TSXV:KRI's Days Payable is ranked better than
91.19% of 1067 companies
in the Metals & Mining industry
Industry Median: 131.81 vs TSXV:KRI: 15072.12

Kobo Resources's Days Payable increased from Sep. 2022 (0.00) to Sep. 2023 (13,733.13). It may suggest that Kobo Resources delayed paying its suppliers.

Kobo Resources Days Payable Historical Data

The historical data trend for Kobo 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.

* Premium members only.

Kobo Resources Days Payable Chart

Kobo Resources Annual Data

Trend

Dec20

Dec21

Dec22

Days Payable

4,459.35

7,149.24

12,159.06

Kobo Resources Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial				-	14,888.96	14,951.96	18,980.00	13,733.13

Competitive Comparison of Kobo Resources's Days Payable

For the Gold subindustry, Kobo 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.

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

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

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

Kobo 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.

Kobo 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
=	( (0.62	+	0.979)	/	2 )	/	0.024	*	365
=	0.7995					/	0.024	*	365
=	12,159.06

Kobo 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
=	( (0.765	+	0.74)	/	2 )	/	0.005	*	365 / 4
=	0.7525					/	0.005	*	365 / 4
=	13,733.13

Kobo Resources Days Payable Related Terms

Thank you for viewing the detailed overview of Kobo Resources's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Kobo Resources (TSXV:KRI) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

388 Grande-Allee East, Suite 101, Quebec, QC, CAN, G1R 2J4

Website

https://www.koboresources.com

Kobo Resources Inc is an exploration and mining development company focused on acquiring, exploring and developing gold property assets located in West Africa and primarily in Cote d'Ivoire.

Executives

Patrick Gagnon

Director

Kobo Resources (TSXV:KRI) Headlines

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