Iamgold (Iamgold) Days Payable

: 115.77 (As of Dec. 2023)

View and export this data going back to 1996. Start your Free Trial

Iamgold's average Accounts Payable for the three months ended in Dec. 2023 was $314.4 Mil. Iamgold's Cost of Goods Sold for the three months ended in Dec. 2023 was $247.8 Mil. Hence, Iamgold's Days Payable for the three months ended in Dec. 2023 was 115.77.

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

IAG' s Days Payable Range Over the Past 10 Years
Min: 53.67 Med: 73.57 Max: 130.74
Current: 122.05

During the past 13 years, Iamgold's highest Days Payable was 130.74. The lowest was 53.67. And the median was 73.57.

IAG's Days Payable is ranked worse than
50.75% of 1064 companies
in the Metals & Mining industry
Industry Median: 128.935 vs IAG: 122.05

Iamgold's Days Payable declined from Dec. 2022 (156.25) to Dec. 2023 (115.77). It may suggest that Iamgold accelerated paying its suppliers.

Iamgold Days Payable Historical Data

The historical data trend for Iamgold'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.

Iamgold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

74.76

84.05

123.21

134.70

129.36

Iamgold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																156.25	137.82	111.12	118.06	115.77

Competitive Comparison

For the Gold subindustry, Iamgold'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.

Iamgold Days Payable Distribution

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

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

Iamgold 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.

Iamgold'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
=	( (294.1	+	317.6)	/	2 )	/	863	*	365
=	305.85					/	863	*	365
=	129.36

Iamgold'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
=	( (311.2	+	317.6)	/	2 )	/	247.8	*	365 / 4
=	314.4					/	247.8	*	365 / 4
=	115.77

Iamgold Days Payable Related Terms

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

Iamgold (Iamgold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Iamgold Corp (NYSE:IAG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

IAL:Germany IAL:Germany IMG:Canada

Address

401 Bay Street, Suite 3200, P.O. Box 153, Toronto, ON, CAN, M5H 2Y4

Website

https://www.iamgold.com

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company's operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.