SolGold (LSE:SOLG) Days Payable : 3,827.70 (As of Dec. 2023)

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What is SolGold Days Payable?

SolGold's average Accounts Payable for the three months ended in Dec. 2023 was £3.19 Mil. SolGold's Cost of Goods Sold for the three months ended in Dec. 2023 was £0.08 Mil. Hence, SolGold's Days Payable for the three months ended in Dec. 2023 was 3,827.70.

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

LSE:SOLG' s Days Payable Range Over the Past 10 Years
Min: 598.3 Med: 1386.81 Max: 9310.76
Current: 9310.76

During the past 13 years, SolGold's highest Days Payable was 9310.76. The lowest was 598.30. And the median was 1386.81.

LSE:SOLG's Days Payable is ranked better than
88.1% of 1067 companies
in the Metals & Mining industry
Industry Median: 129.97 vs LSE:SOLG: 9310.76

SolGold's Days Payable increased from Jun. 2022 (2,211.51) to Dec. 2023 (3,827.70). It may suggest that SolGold delayed paying its suppliers.

SolGold Days Payable Historical Data

The historical data trend for SolGold'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.

SolGold Days Payable Chart

SolGold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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598.30

2,175.31

SolGold Quarterly Data
	Dec16	Jun17	Sep17	Dec17	Jun18	Sep18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															2,211.51	-	10,140.81	6,232.17	3,827.70

Competitive Comparison of SolGold's Days Payable

For the Other Industrial Metals & Mining subindustry, SolGold'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.

SolGold's Days Payable Distribution in the Metals & Mining Industry

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

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

SolGold 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.

SolGold'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
=	( (1.051	+	1.762)	/	2 )	/	0.236	*	365
=	1.4065					/	0.236	*	365
=	2,175.31

SolGold'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.762	+	4.614)	/	2 )	/	0.076	*	365 / 4
=	3.188					/	0.076	*	365 / 4
=	3,827.70

SolGold Days Payable Related Terms

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SolGold (LSE:SOLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SolGold PLC (LSE:SOLG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SLGGF:USA SOLGl:UK S8F:Germany SOLG:Canada

Address

1 King Street, London, GBR, EC2V 8AU

Website

https://www.solgold.com.au

SolGold PLC is a developer of an exploration company intended to explore gold and copper mining properties. The company's platform helps in the discovery, definition and development of world-class copper-gold deposits, enabling systematic and discipline exploration of both metals.

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