Atlantic Gold (ASX:AGB) Days Payable : 74.79 (As of Mar. 2019)

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What is Atlantic Gold Days Payable?

Atlantic Gold's average Accounts Payable for the three months ended in Mar. 2019 was A$17.9 Mil. Atlantic Gold's Cost of Goods Sold for the three months ended in Mar. 2019 was A$21.9 Mil. Hence, Atlantic Gold's Days Payable for the three months ended in Mar. 2019 was 74.79.

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

ASX:AGB' s Days Payable Range Over the Past 10 Years
Min: 62.68 Med: 1113.96 Max: 2129.17
Current: 62.68

During the past 13 years, Atlantic Gold's highest Days Payable was 2129.17. The lowest was 62.68. And the median was 1113.96.

ASX:AGB's Days Payable is not ranked
in the Metals & Mining industry.
Industry Median: 136.225 vs ASX:AGB: 62.68

Atlantic Gold's Days Payable declined from Mar. 2018 (254.70) to Mar. 2019 (74.79). It may suggest that Atlantic Gold accelerated paying its suppliers.

Atlantic Gold Days Payable Historical Data

The historical data trend for Atlantic 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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Atlantic Gold Days Payable Chart

Atlantic Gold Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Payable

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106.06

Atlantic Gold Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Days Payable	Get a 7-Day Free Trial															254.70	64.77	57.90	78.44	74.79

Competitive Comparison of Atlantic Gold's Days Payable

For the Gold subindustry, Atlantic 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.

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

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

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

Atlantic 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.

Atlantic Gold's Days Payable for the fiscal year that ended in Dec. 2018 is calculated as

	Days Payable (A: Dec. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2017 )	+	Accounts Payable (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (23.362	+	20.346)	/	2 )	/	75.212	*	365
=	21.854					/	75.212	*	365
=	106.06

Atlantic Gold's Days Payable for the quarter that ended in Mar. 2019 is calculated as:

	Days Payable (Q: Mar. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2018 )	+	Accounts Payable (Q: Mar. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2019 )	*	Days in Period
=	( (20.346	+	15.495)	/	2 )	/	21.864	*	365 / 4
=	17.9205					/	21.864	*	365 / 4
=	74.79

Atlantic Gold Days Payable Related Terms

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Atlantic Gold (ASX:AGB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atlantic Gold Corp (ASX:AGB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

595 Burrard Street, Suite 3083, P.O. Box 49298, Three Bentall Centre, Vancouver, BC, CAN, V7X 1L3

Website

http://www.atlanticgoldcorporation.com

Atlantic Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. The company explores for gold. It holds interests in the Moose River Consolidated Project comprising the Touquoy and the Beaver Dam gold deposits; the Cochrane Hill gold deposit; and the Fifteen Mile Stream deposit. All the business activity is primarily functioned through the region of Canada.

Atlantic Gold (ASX:AGB) Headlines

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