Headwater Gold (XCNQ:HWG) Days Payable : 3,854.60 (As of Nov. 2023)

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What is Headwater Gold Days Payable?

Headwater Gold's average Accounts Payable for the three months ended in Nov. 2023 was C$2.70 Mil. Headwater Gold's Cost of Goods Sold for the three months ended in Nov. 2023 was C$0.06 Mil. Hence, Headwater Gold's Days Payable for the three months ended in Nov. 2023 was 3,854.60.

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

XCNQ:HWG' s Days Payable Range Over the Past 10 Years
Min: 624.34 Med: 914.15 Max: 2286.36
Current: 2286.36

During the past 4 years, Headwater Gold's highest Days Payable was 2286.36. The lowest was 624.34. And the median was 914.15.

XCNQ:HWG's Days Payable is ranked better than
74.79% of 1067 companies
in the Metals & Mining industry
Industry Median: 128.84 vs XCNQ:HWG: 2286.36

Headwater Gold's Days Payable increased from Nov. 2022 (2,020.17) to Nov. 2023 (3,854.60). It may suggest that Headwater Gold delayed paying its suppliers.

Headwater Gold Days Payable Historical Data

The historical data trend for Headwater Gold'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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Headwater Gold Days Payable Chart

Headwater Gold Annual Data

Trend

Feb20

Feb21

Feb22

Feb23

Days Payable

1,203.96

624.34

Headwater Gold Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Payable	Get a 7-Day Free Trial											2,020.17	1,203.80	494.86	3,236.97	3,854.60

Competitive Comparison of Headwater Gold's Days Payable

For the Gold subindustry, Headwater Gold'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.

Headwater Gold's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Headwater Gold's Days Payable falls into.

Headwater Gold 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.

Headwater Gold's Days Payable for the fiscal year that ended in Feb. 2023 is calculated as

	Days Payable (A: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2022 )	+	Accounts Payable (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (0.159	+	0.296)	/	2 )	/	0.133	*	365
=	0.2275					/	0.133	*	365
=	624.34

Headwater Gold's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (3.776	+	1.631)	/	2 )	/	0.064	*	365 / 4
=	2.7035					/	0.064	*	365 / 4
=	3,854.60

Headwater Gold Days Payable Related Terms

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Headwater Gold (XCNQ:HWG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Headwater Gold Inc (XCNQ:HWG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HWAUF:USA

Address

1130 West Pender Street, Suite 1210, Vancouver, BC, CAN, V6E 4A4

Website

https://www.headwatergold.com

Headwater Gold Inc is a mineral exploration company focused on exploring high-grade precious metal deposits in the Western USA. The company has projects in Nevada and Idaho - Oregon. The Company has one operating segment, the exploration of mineral properties. Geographically, it operates in The United States and Canada.

Executives

Caleb Stroup

Director, Senior Officer

Headwater Gold (XCNQ:HWG) Headlines

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