Signal Gold (TSX:SGNL) Days Payable : 1,816.13 (As of Sep. 2023)

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What is Signal Gold Days Payable?

Signal Gold's average Accounts Payable for the three months ended in Sep. 2023 was C$1.43 Mil. Signal Gold's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.07 Mil. Hence, Signal Gold's Days Payable for the three months ended in Sep. 2023 was 1,816.13.

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

TSX:SGNL' s Days Payable Range Over the Past 10 Years
Min: 37.58 Med: 45.61 Max: 122.12
Current: 122.12

During the past 13 years, Signal Gold's highest Days Payable was 122.12. The lowest was 37.58. And the median was 45.61.

TSX:SGNL's Days Payable is ranked worse than
51.17% of 1071 companies
in the Metals & Mining industry
Industry Median: 130.91 vs TSX:SGNL: 122.12

Signal Gold's Days Payable declined from Sep. 2022 (6,942.91) to Sep. 2023 (1,816.13). It may suggest that Signal Gold accelerated paying its suppliers.

Signal Gold Days Payable Historical Data

The historical data trend for Signal 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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Signal Gold Days Payable Chart

Signal Gold Annual Data

Trend

May14

May15

May16

May17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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51.25

48.62

65.71

45.89

4,983.04

Signal 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															10.39	32.45	2,569.38	1,816.13	1,411.07

Competitive Comparison of Signal Gold's Days Payable

For the Gold subindustry, Signal 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.

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

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

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

Signal 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.

Signal Gold's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (6.733	+	3.768)	/	2 )	/	41.763	*	365
=	5.2505					/	41.763	*	365
=	45.89

Signal Gold's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1.799	+	1.067)	/	2 )	/	0.072	*	365 / 4
=	1.433					/	0.072	*	365 / 4
=	1,816.13

Signal Gold Days Payable Related Terms

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Signal Gold (TSX:SGNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Signal Gold Inc (TSX:SGNL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SGNLF:USA Y8B:Germany

Address

20 Adelaide St. East, Suite 915, Toronto, ON, CAN, M5C 2T6

Website

http://www.anacondamining.com

Signal Gold Inc is gold mining, development, and exploration company focused on the top-tier Canadian mining jurisdictions of Nova Scotia and Newfoundland. The company operates mining and milling operations in the Goldboro Gold Project in Nova Scotia, the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility, and deep-water port, as well as 15,000 hectares of mineral property at Tilt Cove.

Executives

Robert Dufour

Senior Officer

Signal Gold (TSX:SGNL) Headlines

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