Allied Gold (TSX:AAUC) Days Payable : 61.65 (As of Mar. 2024)

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What is Allied Gold Days Payable?

Allied Gold's average Accounts Payable for the three months ended in Mar. 2024 was C$125.7 Mil. Allied Gold's Cost of Goods Sold for the three months ended in Mar. 2024 was C$186.1 Mil. Hence, Allied Gold's Days Payable for the three months ended in Mar. 2024 was 61.65.

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

TSX:AAUC' s Days Payable Range Over the Past 10 Years
Min: 47.65 Med: 54 Max: 140.74
Current: 140.74

During the past 2 years, Allied Gold's highest Days Payable was 140.74. The lowest was 47.65. And the median was 54.00.

TSX:AAUC's Days Payable is ranked better than
50.89% of 1071 companies
in the Metals & Mining industry
Industry Median: 130.91 vs TSX:AAUC: 140.74

Allied Gold's Days Payable increased from Dec. 2022 (38.34) to Mar. 2024 (61.65). It may suggest that Allied Gold delayed paying its suppliers.

Allied Gold Days Payable Historical Data

The historical data trend for Allied 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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Allied Gold Days Payable Chart

Allied Gold Annual Data

Trend

Dec22

Dec23

Days Payable

47.65

60.35

Allied Gold Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial			38.34	48.38	102.09	82.18	61.65

Competitive Comparison of Allied Gold's Days Payable

For the Gold subindustry, Allied 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.

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

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

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

Allied 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.

Allied 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
=	( (95.788	+	147.726)	/	2 )	/	736.406	*	365
=	121.757					/	736.406	*	365
=	60.35

Allied 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
=	( (147.726	+	103.688)	/	2 )	/	186.05	*	365 / 4
=	125.707					/	186.05	*	365 / 4
=	61.65

Allied Gold Days Payable Related Terms

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Allied Gold (TSX:AAUC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Allied Gold Corp (TSX:AAUC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AAUCF:USA

Address

40 Temperance Street, Suite 3200, Bay Adelaide Centre - North Tower, Pacific Centre, Toronto, ON, CAN, M5H 0B4

Website

Allied Gold Corp is a company focused on gold mining asset transformation in Africa. Allied has three mines and several development and exploration projects in Africa where it has significant operating experience. Operations are located in Cote d'Ivoire, Mali, Ethiopia and Egypt. The company aspires to become a mid-tier next-generation gold producer in Africa.

Executives

Gerardo Fernandez-tobar

Senior Officer

Allied Gold (TSX:AAUC) Headlines

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