Orezone Gold (TSX:ORE) Days Payable : 34.20 (As of Dec. 2023)

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What is Orezone Gold Days Payable?

Orezone Gold's average Accounts Payable for the three months ended in Dec. 2023 was C$25.9 Mil. Orezone Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was C$69.1 Mil. Hence, Orezone Gold's Days Payable for the three months ended in Dec. 2023 was 34.20.

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

TSX:ORE' s Days Payable Range Over the Past 10 Years
Min: 34.67 Med: 159.7 Max: 291.4
Current: 34.67

During the past 13 years, Orezone Gold's highest Days Payable was 291.40. The lowest was 34.67. And the median was 159.70.

TSX:ORE's Days Payable is ranked worse than
82.21% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs TSX:ORE: 34.67

Orezone Gold's Days Payable declined from Dec. 2022 (85.58) to Dec. 2023 (34.20). It may suggest that Orezone Gold accelerated paying its suppliers.

Orezone Gold Days Payable Historical Data

The historical data trend for Orezone 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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Orezone Gold Days Payable Chart

Orezone Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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291.40

159.70

41.34

Orezone Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															85.58	34.35	31.86	31.41	34.20

Competitive Comparison of Orezone Gold's Days Payable

For the Gold subindustry, Orezone 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.

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

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

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

Orezone 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.

Orezone 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
=	( (23.748	+	29.239)	/	2 )	/	233.896	*	365
=	26.4935					/	233.896	*	365
=	41.34

Orezone 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
=	( (22.518	+	29.239)	/	2 )	/	69.055	*	365 / 4
=	25.8785					/	69.055	*	365 / 4
=	34.20

Orezone Gold Days Payable Related Terms

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Orezone Gold (TSX:ORE) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

ORZCF:USA OEX:Germany

Address

505 Burrard Street, Suite 450, Bentall Tower 1, Vancouver, BC, CAN, V7X 1M3

Website

https://www.orezone.com

Orezone Gold Corp is a Canada-based gold mining company mainly engaged in the exploration and evaluation and development of gold. The company operates the open pit Bombore Gold Mine in Burkina Faso. The company operates in the business segment of acquisition, exploration, and potential development of precious metal properties. In addition to social responsibility and sustainability, Orezone has an experienced team in project construction and operations, financings, capital markets and M&A.

Executives

Ryan Goodman

Senior Officer

Orezone Gold (TSX:ORE) Headlines

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