Newlox Gold Ventures (XCNQ:LUX) Days Payable : 11.38 (As of Dec. 2023)

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What is Newlox Gold Ventures Days Payable?

Newlox Gold Ventures's average Accounts Payable for the three months ended in Dec. 2023 was C$0.05 Mil. Newlox Gold Ventures's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.37 Mil. Hence, Newlox Gold Ventures's Days Payable for the three months ended in Dec. 2023 was 11.38.

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

XCNQ:LUX' s Days Payable Range Over the Past 10 Years
Min: 8.51 Med: 68.66 Max: 1263.46
Current: 8.51

During the past 12 years, Newlox Gold Ventures's highest Days Payable was 1263.46. The lowest was 8.51. And the median was 68.66.

XCNQ:LUX's Days Payable is ranked worse than
95.11% of 225 companies
in the Waste Management industry
Industry Median: 71.54 vs XCNQ:LUX: 8.51

Newlox Gold Ventures's Days Payable declined from Dec. 2022 (30.69) to Dec. 2023 (11.38). It may suggest that Newlox Gold Ventures accelerated paying its suppliers.

Newlox Gold Ventures Days Payable Historical Data

The historical data trend for Newlox Gold Ventures'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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Newlox Gold Ventures Days Payable Chart

Newlox Gold Ventures Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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31.61

124.19

56.89

25.55

Newlox Gold Ventures Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															30.69	4.20	19.42	11.45	11.38

Competitive Comparison of Newlox Gold Ventures's Days Payable

For the Waste Management subindustry, Newlox Gold Ventures'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.

Newlox Gold Ventures's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Newlox Gold Ventures's Days Payable distribution charts can be found below:

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

Newlox Gold Ventures 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.

Newlox Gold Ventures's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.183	+	0.043)	/	2 )	/	1.614	*	365
=	0.113					/	1.614	*	365
=	25.55

Newlox Gold Ventures's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.069	+	0.022)	/	2 )	/	0.365	*	365 / 4
=	0.0455					/	0.365	*	365 / 4
=	11.38

Newlox Gold Ventures Days Payable Related Terms

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Newlox Gold Ventures (XCNQ:LUX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Newlox Gold Ventures Corp (XCNQ:LUX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NWLXF:USA NGO:Germany

Address

355 Burrard Street, 10th Floor, Vancouver, BC, CAN, V6C 2G8

Website

https://www.newloxgold.com

Newlox Gold Ventures Corp is a Canada based environmental reclamation and mineral recovery company and is in the business of undertaking projects for the purpose of operating tailings remediation and fold recovery in Costa Rica.