Majestic Gold (Majestic Gold) Days Payable : 65.85 (As of Mar. 2024)

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What is Majestic Gold Days Payable?

Majestic Gold's average Accounts Payable for the three months ended in Mar. 2024 was $5.25 Mil. Majestic Gold's Cost of Goods Sold for the three months ended in Mar. 2024 was $7.28 Mil. Hence, Majestic Gold's Days Payable for the three months ended in Mar. 2024 was 65.85.

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

MJGCF' s Days Payable Range Over the Past 10 Years
Min: 64.48 Med: 114.24 Max: 273.26
Current: 66.5

During the past 13 years, Majestic Gold's highest Days Payable was 273.26. The lowest was 64.48. And the median was 114.24.

MJGCF's Days Payable is ranked worse than
66.17% of 1070 companies
in the Metals & Mining industry
Industry Median: 138.82 vs MJGCF: 66.50

Majestic Gold's Days Payable increased from Mar. 2023 (60.52) to Mar. 2024 (65.85). It may suggest that Majestic Gold delayed paying its suppliers.

Majestic Gold Days Payable Historical Data

The historical data trend for Majestic 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.

* Premium members only.

Majestic Gold Days Payable Chart

Majestic Gold Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Dec20

Dec21

Dec22

Dec23

Days Payable

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254.93

168.13

244.83

66.58

71.68

Majestic Gold Quarterly Data
	Dec18	Mar19	Jun19	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															60.52	57.81	78.64	77.98	65.85

Competitive Comparison of Majestic Gold's Days Payable

For the Gold subindustry, Majestic 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.

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

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

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

Majestic 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.

Majestic Gold'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
=	( (4.901	+	6.275)	/	2 )	/	28.453	*	365
=	5.588					/	28.453	*	365
=	71.68

Majestic Gold'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
=	( (6.275	+	4.229)	/	2 )	/	7.278	*	365 / 4
=	5.252					/	7.278	*	365 / 4
=	65.85

Majestic Gold Days Payable Related Terms

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Majestic Gold (Majestic Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Majestic Gold Corp (OTCPK:MJGCF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MJT:Germany MJS:Canada

Address

306 - 1688 152nd Street, Surrey, BC, CAN, V4A 4N2

Website

https://www.majesticgold.com

Majestic Gold Corp is a mining company focused on the exploration, development and operation of mining properties in China, Australia and Canada. The company operates the Songjiagou open-pit gold mine in the eastern Chinese province of Shandong.