GETT Gold (TSXV:GETT) Days Payable : 2,115.04 (As of Dec. 2023)

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What is GETT Gold Days Payable?

GETT Gold's average Accounts Payable for the three months ended in Dec. 2023 was C$0.32 Mil. GETT Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.01 Mil. Hence, GETT Gold's Days Payable for the three months ended in Dec. 2023 was 2,115.04.

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

TSXV:GETT' s Days Payable Range Over the Past 10 Years
Min: 514.27 Med: 2035.31 Max: 32421.13
Current: 9265.79

During the past 13 years, GETT Gold's highest Days Payable was 32421.13. The lowest was 514.27. And the median was 2035.31.

TSXV:GETT's Days Payable is ranked better than
87.66% of 1070 companies
in the Metals & Mining industry
Industry Median: 136.225 vs TSXV:GETT: 9265.79

GETT Gold's Days Payable declined from Dec. 2022 (2,302.54) to Dec. 2023 (2,115.04). It may suggest that GETT Gold accelerated paying its suppliers.

GETT Gold Days Payable Historical Data

The historical data trend for GETT 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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GETT Gold Days Payable Chart

GETT Gold Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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18,683.44

32,421.13

3,547.34

2,352.95

GETT 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															2,302.54	-	-	-	2,115.04

Competitive Comparison of GETT Gold's Days Payable

For the Gold subindustry, GETT 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.

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

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

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

GETT 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.

GETT Gold's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (0.403	+	0.319)	/	2 )	/	0.056	*	365
=	0.361					/	0.056	*	365
=	2,352.95

GETT 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
=	( (0.319	+	0.33)	/	2 )	/	0.014	*	365 / 4
=	0.3245					/	0.014	*	365 / 4
=	2,115.04

GETT Gold Days Payable Related Terms

Thank you for viewing the detailed overview of GETT Gold's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

GETT Gold (TSXV:GETT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GETT Gold Inc (TSXV:GETT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RCCMF:USA

Address

7055 Boulevard Taschereau, Suite 500, Brossard, QC, CAN, J4Z 1A7

Website

https://www.gettgold.com

GETT Gold Inc is engaged in the exploration and development of mineral properties in Canada. Its project includes Courville Maruska. In addition, the company provides thermal fragmentation mining technology for the mining industry.

Executives

Fabien Miller

Director

GETT Gold (TSXV:GETT) Headlines

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