Argonaut Gold (Argonaut Gold) Days Payable : 52.54 (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Argonaut Gold Days Payable?

Argonaut Gold's average Accounts Payable for the three months ended in Dec. 2023 was $60.7 Mil. Argonaut Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was $105.5 Mil. Hence, Argonaut Gold's Days Payable for the three months ended in Dec. 2023 was 52.54.

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

ARNGF' s Days Payable Range Over the Past 10 Years
Min: 23.09 Med: 38.49 Max: 67.92
Current: 67.92

During the past 13 years, Argonaut Gold's highest Days Payable was 67.92. The lowest was 23.09. And the median was 38.49.

ARNGF's Days Payable is ranked worse than
63.85% of 1065 companies
in the Metals & Mining industry
Industry Median: 130.91 vs ARNGF: 67.92

Argonaut Gold's Days Payable increased from Dec. 2022 (29.86) to Dec. 2023 (52.54). It may suggest that Argonaut Gold delayed paying its suppliers.

Argonaut Gold Days Payable Historical Data

The historical data trend for Argonaut 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.

* Premium members only.

Argonaut Gold Days Payable Chart

Argonaut Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

33.62

44.55

52.63

48.13

40.27

Argonaut Gold 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															29.86	70.23	103.84	82.52	52.54

Competitive Comparison of Argonaut Gold's Days Payable

For the Gold subindustry, Argonaut 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.

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

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

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

Argonaut 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.

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

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (33.294	+	40.025)	/	2 )	/	332.294	*	365
=	36.6595					/	332.294	*	365
=	40.27

Argonaut Gold'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
=	( (81.417	+	40.025)	/	2 )	/	105.455	*	365 / 4
=	60.721					/	105.455	*	365 / 4
=	52.54

Argonaut Gold Days Payable Related Terms

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

Argonaut Gold (Argonaut Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Argonaut Gold Inc (OTCPK:ARNGF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

A8U:Germany A8U:Germany AR:Canada

Address

9600 Prototype Court, Reno, NV, USA, 89521

Website

https://www.argonautgold.com

Argonaut Gold Inc is a Canadian gold company engaged in exploration, mine development, and production. Its primary assets are the El Castillo mine and the San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico, and the Florida Canyon mine in Nevada, USA. The company also holds the construction stage Magino project, the exploration stage Cerro del Gallo project, and several other exploration stage projects, all of which are located in North America.

Argonaut Gold (Argonaut Gold) Headlines

From GuruFocus

Argonaut Gold Announces Results of Annual and Special Meeting of Shareholders

By GlobeNewswire GlobeNewswire • 05-01-2018

Argonaut Gold Announces Filing of Florida Canyon Technical Report

By GlobeNewswire GlobeNewswire • 07-09-2020

Argonaut Gold Stock Is Believed To Be Significantly Overvalued

By GF Value • 07-12-2021

Donald Smith & Co. Buys Oasis Petroleum Inc, Argonaut Gold Inc, Euronav NV, Sells Micron Technology Inc, Air France-KLM, Triton International

By GuruFocus Research GuruFocus Editor • 02-11-2021