Gabo Mining (TSXV:GAB) Days Payable : 4,279.63 (As of Dec. 2023)

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What is Gabo Mining Days Payable?

Gabo Mining's average Accounts Payable for the three months ended in Dec. 2023 was C$0.23 Mil. Gabo Mining's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.01 Mil. Hence, Gabo Mining's Days Payable for the three months ended in Dec. 2023 was 4,279.63.

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

TSXV:GAB' s Days Payable Range Over the Past 10 Years
Min: 607.09 Med: 607.09 Max: 2002.94
Current: 2002.94

During the past 13 years, Gabo Mining's highest Days Payable was 2002.94. The lowest was 607.09. And the median was 607.09.

TSXV:GAB's Days Payable is ranked better than
72.75% of 1068 companies
in the Metals & Mining industry
Industry Median: 136.005 vs TSXV:GAB: 2002.94

Gabo Mining's Days Payable increased from Dec. 2022 (174.45) to Dec. 2023 (4,279.63). It may suggest that Gabo Mining delayed paying its suppliers.

Gabo Mining Days Payable Historical Data

The historical data trend for Gabo Mining'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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Gabo Mining Days Payable Chart

Gabo Mining Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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607.09

Gabo Mining 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															174.45	380.21	1,916.25	3,548.61	4,279.63

Competitive Comparison of Gabo Mining's Days Payable

For the Other Industrial Metals & Mining subindustry, Gabo Mining'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.

Gabo Mining's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Gabo Mining's Days Payable falls into.

Gabo Mining 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.

Gabo Mining's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.119	+	0.044)	/	2 )	/	0.049	*	365
=	0.0815					/	0.049	*	365
=	607.09

Gabo Mining'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
=	( (0.366	+	0.103)	/	2 )	/	0.005	*	365 / 4
=	0.2345					/	0.005	*	365 / 4
=	4,279.63

Gabo Mining Days Payable Related Terms

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Gabo Mining (TSXV:GAB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gabo Mining Ltd (TSXV:GAB) » Definitions » Days Payable

Comparable Companies

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MLLOF:USA MRDN:Germany

Address

325 Howe Street, Suite 410, Vancouver, BC, CAN, V6C 1Z7

Website

https://www.medallionresources.com

Medallion Resources Ltd is a Canada-based company, which is involved in the acquisition and evaluation of mineral resource projects. It focuses on a rare-earth business strategy involving the mineral monazite, which is available as a by-product mineral from heavy-mineral-sands mining operations.