Go Metals (XCNQ:GOCO) Days Payable : 1,847.81 (As of Jan. 2024)

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What is Go Metals Days Payable?

Go Metals's average Accounts Payable for the three months ended in Jan. 2024 was C$0.08 Mil. Go Metals's Cost of Goods Sold for the three months ended in Jan. 2024 was C$0.00 Mil. Hence, Go Metals's Days Payable for the three months ended in Jan. 2024 was 1,847.81.

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

XCNQ:GOCO' s Days Payable Range Over the Past 10 Years
Min: 2920 Med: 11292.19 Max: 15786.25
Current: 5365.5

During the past 8 years, Go Metals's highest Days Payable was 15786.25. The lowest was 2920.00. And the median was 11292.19.

XCNQ:GOCO's Days Payable is ranked better than
82.87% of 1068 companies
in the Metals & Mining industry
Industry Median: 135.555 vs XCNQ:GOCO: 5365.50

Go Metals's Days Payable increased from Jan. 2023 (992.34) to Jan. 2024 (1,847.81). It may suggest that Go Metals delayed paying its suppliers.

Go Metals Days Payable Historical Data

The historical data trend for Go Metals'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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Go Metals Days Payable Chart

Go Metals Annual Data

Trend

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Days Payable

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15,786.25

2,920.00

11,292.19

Go Metals Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															992.34	935.31	11,007.03	11,611.56	1,847.81

Competitive Comparison of Go Metals's Days Payable

For the Other Industrial Metals & Mining subindustry, Go Metals'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.

Go Metals's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Go Metals's Days Payable falls into.

Go Metals 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.

Go Metals's Days Payable for the fiscal year that ended in Jul. 2023 is calculated as

	Days Payable (A: Jul. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jul. 2022 )	+	Accounts Payable (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (0.058	+	0.932)	/	2 )	/	0.016	*	365
=	0.495					/	0.016	*	365
=	11,292.19

Go Metals's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (0.086	+	0.076)	/	2 )	/	0.004	*	365 / 4
=	0.081					/	0.004	*	365 / 4
=	1,847.81

Go Metals Days Payable Related Terms

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Go Metals (XCNQ:GOCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Go Metals Corp (XCNQ:GOCO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GOCOF:USA 47GA:Germany

Address

1111 Melville Street, 11th Floor, Vancouver, BC, CAN, V6E 3V6

Website

https://www.gometals.ca

Go Metals Corp is an exploration company engaged in the development of mineral resource properties in Canada. Its properties include Monster in Yukon and HSP in Quebec, Nickel Palladium, and Ashuanipi project.

Executives

Scott Sheldon

Director, Senior Officer