TRX Gold (TRX Gold) Days Payable : 249.56 (As of Feb. 2024)

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What is TRX Gold Days Payable?

TRX Gold's average Accounts Payable for the three months ended in Feb. 2024 was $12.89 Mil. TRX Gold's Cost of Goods Sold for the three months ended in Feb. 2024 was $4.71 Mil. Hence, TRX Gold's Days Payable for the three months ended in Feb. 2024 was 249.56.

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

TRX' s Days Payable Range Over the Past 10 Years
Min: 173.75 Med: 3239.76 Max: 7834.07
Current: 201.26

During the past 13 years, TRX Gold's highest Days Payable was 7834.07. The lowest was 173.75. And the median was 3239.76.

TRX's Days Payable is ranked better than
55.75% of 1069 companies
in the Metals & Mining industry
Industry Median: 129.97 vs TRX: 201.26

TRX Gold's Days Payable increased from Feb. 2023 (140.49) to Feb. 2024 (249.56). It may suggest that TRX Gold delayed paying its suppliers.

TRX Gold Days Payable Historical Data

The historical data trend for TRX 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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TRX Gold Days Payable Chart

TRX Gold Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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6,344.64

7,822.47

308.73

176.74

TRX Gold Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															140.49	171.70	207.14	196.90	249.56

Competitive Comparison of TRX Gold's Days Payable

For the Gold subindustry, TRX 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.

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

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

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

TRX 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.

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

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (7.92	+	11.571)	/	2 )	/	20.126	*	365
=	9.7455					/	20.126	*	365
=	176.74

TRX Gold's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (12.972	+	12.802)	/	2 )	/	4.712	*	365 / 4
=	12.887					/	4.712	*	365 / 4
=	249.56

TRX Gold Days Payable Related Terms

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

TRX Gold (TRX Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » TRX Gold Corp (AMEX:TRX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TNX:Canada

Address

277 Lakeshore Road East, Suite 403, Oakville, ON, CAN, L6J 6J3

Website

https://www.trxgold.com

TRX Gold Corp, formerly Tanzanian Gold Corp is a mineral resource company. It is engaged in the acquisition of interests and the exploration of natural resource properties. Its mineral properties are located in the United Republic of Tanzania. The company's main area of interest has been in the exploration and development of gold properties. Its projects include the Buckreef project, Kigosi project, and Itetemia Gold project whereas, its exploration stage project consists of the Lunguya project and the Luhala project.

Executives

Geier International Strategies Fund, Llc	10 percent owner	WACHOVIA FINANCIAL CENTER, 200 SOUTH BISCAYNE BOULEVARD, 27TH FLOOR, MIAMI FL 33131
Geier Capital Llc	10 percent owner	200 SOUTH BISCAYNE BOULEVARD, 27TH FLOOR, MIAMI FL 33131
Geier Group Llc	10 percent owner	200 SOUTH BISCAYNE BOULEVARD, 27TH FLOOR, MIAMI FL 33131
Chris Gibson	10 percent owner	C/O GEIER CAPITAL LLC, 200 SOUTH BISCAYNE BOULEVARD, 27TH FLOOR, MIAMI FL 33131