Contango Ore (FRA:F85) Days Payable : 196.86 (As of Mar. 2024)

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What is Contango Ore Days Payable?

Contango Ore's average Accounts Payable for the three months ended in Mar. 2024 was €0.31 Mil. Contango Ore's Cost of Goods Sold for the three months ended in Mar. 2024 was €0.14 Mil. Hence, Contango Ore's Days Payable for the three months ended in Mar. 2024 was 196.86.

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

FRA:F85' s Days Payable Range Over the Past 10 Years
Min: 94.73 Med: 234.39 Max: 1831.12
Current: 362.89

During the past 13 years, Contango Ore's highest Days Payable was 1831.12. The lowest was 94.73. And the median was 234.39.

FRA:F85's Days Payable is ranked better than
60.54% of 1067 companies
in the Metals & Mining industry
Industry Median: 131.81 vs FRA:F85: 362.89

Contango Ore's Days Payable increased from Mar. 2023 (64.79) to Mar. 2024 (196.86). It may suggest that Contango Ore delayed paying its suppliers.

Contango Ore Days Payable Historical Data

The historical data trend for Contango Ore'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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Contango Ore Days Payable Chart

Contango Ore Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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100.69

177.37

239.75

Contango Ore Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															64.79	84.47	701.60	714.90	196.86

Competitive Comparison of Contango Ore's Days Payable

For the Gold subindustry, Contango Ore'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.

Contango Ore's Days Payable Distribution in the Metals & Mining Industry

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

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

Contango Ore 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.

Contango Ore's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.6	+	0.204)	/	2 )	/	0.612	*	365
=	0.402					/	0.612	*	365
=	239.75

Contango Ore's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.23	+	0.387)	/	2 )	/	0.143	*	365 / 4
=	0.3085					/	0.143	*	365 / 4
=	196.86

Contango Ore Days Payable Related Terms

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Contango Ore (FRA:F85) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Contango Ore Inc (FRA:F85) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CTGO:USA

Address

3700 Buffalo Speedway, Suite 925, Houston, TX, USA, 77098

Website

https://www.contangoore.com

Contango Ore Inc operates in the United States. The company is engaged in the exploration of gold, silver, and copper ores in the State of Alaska. The company's primary focus is the exploration of a mineral lease with the Native Village of Tetlin whose governmental entity is the Tetlin Tribal Council for the exploration of minerals near Tok, Alaska. It has formed a joint venture to advance exploration of the Tetlin Property, which is prospective for gold and associated minerals. The Tetlin Property is located in the Tetlin Hills and Mentasta Mountains of eastern interior Alaska.

Contango Ore (FRA:F85) Headlines

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