Amerigo Resources (TSX:ARG) Days Payable : 33.61 (As of Dec. 2023)

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What is Amerigo Resources Days Payable?

Amerigo Resources's average Accounts Payable for the three months ended in Dec. 2023 was C$29.2 Mil. Amerigo Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was C$79.2 Mil. Hence, Amerigo Resources's Days Payable for the three months ended in Dec. 2023 was 33.61.

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

TSX:ARG' s Days Payable Range Over the Past 10 Years
Min: 26.02 Med: 38.11 Max: 68.05
Current: 37.97

During the past 13 years, Amerigo Resources's highest Days Payable was 68.05. The lowest was 26.02. And the median was 38.11.

TSX:ARG's Days Payable is ranked worse than
79.91% of 1065 companies
in the Metals & Mining industry
Industry Median: 129.97 vs TSX:ARG: 37.97

Amerigo Resources's Days Payable declined from Dec. 2022 (34.29) to Dec. 2023 (33.61). It may suggest that Amerigo Resources accelerated paying its suppliers.

Amerigo Resources Days Payable Historical Data

The historical data trend for Amerigo Resources'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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Amerigo Resources Days Payable Chart

Amerigo Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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39.61

39.16

26.02

33.49

37.05

Amerigo Resources 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															34.29	31.72	40.29	50.56	33.61

Competitive Comparison of Amerigo Resources's Days Payable

For the Copper subindustry, Amerigo Resources'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.

Amerigo Resources's Days Payable Distribution in the Metals & Mining Industry

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

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

Amerigo Resources 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.

Amerigo Resources'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
=	( (35.791	+	26.04)	/	2 )	/	304.546	*	365
=	30.9155					/	304.546	*	365
=	37.05

Amerigo Resources'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
=	( (32.327	+	26.04)	/	2 )	/	79.239	*	365 / 4
=	29.1835					/	79.239	*	365 / 4
=	33.61

Amerigo Resources Days Payable Related Terms

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Amerigo Resources (TSX:ARG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Amerigo Resources Ltd (TSX:ARG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ARREF:USA RE8:Germany

Address

1021 West Hastings Street, 9th Floor, Vancouver, BC, CAN, V6E 0C3

Website

https://www.amerigoresources.com

Amerigo Resources Ltd is principally engaged in the production of copper and molybdenum concentrates through its operating subsidiary Minera Valle Central S.A. The group operates in one segment, the production of copper concentrates with the production of molybdenum concentrates as a by-product. The company geographically operates in Chile and Canada and earns most of its revenue from Chile.

Amerigo Resources (TSX:ARG) Headlines

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