Galleon Gold (TSXV:GGO) Days Payable : 19,208.13 (As of Feb. 2024)

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What is Galleon Gold Days Payable?

Galleon Gold's average Accounts Payable for the three months ended in Feb. 2024 was C$1.26 Mil. Galleon Gold's Cost of Goods Sold for the three months ended in Feb. 2024 was C$0.01 Mil. Hence, Galleon Gold's Days Payable for the three months ended in Feb. 2024 was 19,208.13.

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

TSXV:GGO' s Days Payable Range Over the Past 10 Years
Min: 365 Med: 3707.03 Max: 29565
Current: 11324.73

During the past 13 years, Galleon Gold's highest Days Payable was 29565.00. The lowest was 365.00. And the median was 3707.03.

TSXV:GGO's Days Payable is ranked better than
88.76% of 1068 companies
in the Metals & Mining industry
Industry Median: 135.555 vs TSXV:GGO: 11324.73

Galleon Gold's Days Payable increased from Feb. 2023 (9,256.17) to Feb. 2024 (19,208.13). It may suggest that Galleon Gold delayed paying its suppliers.

Galleon Gold Days Payable Historical Data

The historical data trend for Galleon 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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Galleon Gold Days Payable Chart

Galleon Gold Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

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29,565.00

4,220.31

2,781.89

5,512.44

12,546.88

Galleon Gold Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															9,256.17	6,912.19	8,030.00	12,621.02	19,208.13

Competitive Comparison of Galleon Gold's Days Payable

For the Gold subindustry, Galleon 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.

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

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

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

Galleon 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.

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

	Days Payable (A: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2022 )	+	Accounts Payable (A: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2023 )	*	Days in Period
=	( (0.903	+	1.297)	/	2 )	/	0.032	*	365
=	1.1					/	0.032	*	365
=	12,546.88

Galleon Gold's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (1.297	+	1.229)	/	2 )	/	0.006	*	365 / 4
=	1.263					/	0.006	*	365 / 4
=	19,208.13

Galleon Gold Days Payable Related Terms

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Galleon Gold (TSXV:GGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Galleon Gold Corp (TSXV:GGO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PNCKF:USA 3H90:Germany

Address

161 Bay Street, 27th Floor, Suite 2700, PO Box 508, TD Canada Trust Tower, Toronto, ON, CAN, M5J 2S1

Website

https://www.galleongold.com

Galleon Gold Corp is principally engaged in the business of acquiring, exploring, and developing mineral properties in Canada and the United States, those containing gold, silver, platinum group elements (PGEs), copper, nickel, and associated base and precious metals. Its projects include West Cache Gold, Ontario, Neal, Idaho, USA, Chester, New Brunswick, and Other properties in Canada. Its properties are located in two geographical areas, Canada, and the United States of America, and the majority of the revenue comes from Canada.

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