i-80 Gold (TSX:IAU) Days Payable : 45.17 (As of Dec. 2023)

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What is i-80 Gold Days Payable?

i-80 Gold's average Accounts Payable for the three months ended in Dec. 2023 was C$15.60 Mil. i-80 Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was C$31.51 Mil. Hence, i-80 Gold's Days Payable for the three months ended in Dec. 2023 was 45.17.

The historical rank and industry rank for i-80 Gold's Days Payable or its related term are showing as below:

TSX:IAU' s Days Payable Range Over the Past 10 Years
Min: 66.56 Med: 86.87 Max: 102
Current: 66.56

During the past 4 years, i-80 Gold's highest Days Payable was 102.00. The lowest was 66.56. And the median was 86.87.

TSX:IAU's Days Payable is ranked worse than
65.64% of 1068 companies
in the Metals & Mining industry
Industry Median: 131.36 vs TSX:IAU: 66.56

i-80 Gold's Days Payable increased from Dec. 2022 (42.61) to Dec. 2023 (45.17). It may suggest that i-80 Gold delayed paying its suppliers.

i-80 Gold Days Payable Historical Data

The historical data trend for i-80 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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i-80 Gold Days Payable Chart

i-80 Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

102.00

71.73

i-80 Gold Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial										42.61	111.73	64.46	73.17	45.17

Competitive Comparison of i-80 Gold's Days Payable

For the Gold subindustry, i-80 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.

i-80 Gold's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, i-80 Gold's Days Payable distribution charts can be found below:

* The bar in red indicates where i-80 Gold's Days Payable falls into.

i-80 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.

i-80 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
=	( (14.43	+	17.238)	/	2 )	/	80.568	*	365
=	15.834					/	80.568	*	365
=	71.73

i-80 Gold'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (13.964	+	17.238)	/	2 )	/	31.514	*	365 / 4
=	15.601					/	31.514	*	365 / 4
=	45.17

i-80 Gold Days Payable Related Terms

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i-80 Gold (TSX:IAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » i-80 Gold Corp (TSX:IAU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

IAUX:USA 8JI:Germany

Address

1100 Russell Street, Thunder Bay, ON, CAN, P7B 5N2

Website

https://www.i80gold.com

i-80 Gold Corp is a well-financed gold producer and developer holding an impressive portfolio of advanced-stage gold projects in the State of Nevada. The company's primary goal is to build a self-sustaining, mid-tier, mining company with a peer-best growth platform by employing a methodical, capital disciplined and staged approach to minimize risk while also assessing and monitoring for accretive growth opportunities.

Executives

John Seaman

Director