Goldshore Resources (TSXV:GSHR) Days Payable : 3,492.59 (As of Sep. 2023)

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What is Goldshore Resources Days Payable?

Goldshore Resources's average Accounts Payable for the three months ended in Sep. 2023 was C$0.77 Mil. Goldshore Resources's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.02 Mil. Hence, Goldshore Resources's Days Payable for the three months ended in Sep. 2023 was 3,492.59.

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

TSXV:GSHR' s Days Payable Range Over the Past 10 Years
Min: 3741.25 Med: 10486.94 Max: 10486.94
Current: 3741.25

During the past 4 years, Goldshore Resources's highest Days Payable was 10486.94. The lowest was 3741.25. And the median was 10486.94.

TSXV:GSHR's Days Payable is ranked better than
79.46% of 1066 companies
in the Metals & Mining industry
Industry Median: 130.44 vs TSXV:GSHR: 3741.25

Goldshore Resources's Days Payable declined from Jun. 2022 (5,772.48) to Sep. 2023 (3,492.59). It may suggest that Goldshore Resources accelerated paying its suppliers.

Goldshore Resources Days Payable Historical Data

The historical data trend for Goldshore Resources'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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Goldshore Resources Days Payable Chart

Goldshore Resources Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

10,486.94

5,561.99

Goldshore Resources Quarterly Data
	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial							2,709.80	2,124.10	3,663.52	3,492.59	847.32

Competitive Comparison of Goldshore Resources's Days Payable

For the Gold subindustry, Goldshore Resources'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.

Goldshore Resources's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Goldshore Resources's Days Payable falls into.

Goldshore Resources 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.

Goldshore Resources'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
=	( (1.925	+	1.336)	/	2 )	/	0.107	*	365
=	1.6305					/	0.107	*	365
=	5,561.99

Goldshore Resources'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: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1.336	+	0.195)	/	2 )	/	0.02	*	365 / 4
=	0.7655					/	0.02	*	365 / 4
=	3,492.59

Goldshore Resources Days Payable Related Terms

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Goldshore Resources (TSXV:GSHR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldshore Resources Inc (TSXV:GSHR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GSHRF:USA 8X00:Germany

Address

1030 West Georgia Street, Suite 918, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.goldshoreresources.com

Goldshore Resources Inc is a Canadian company engaged into the business of gold exploration. It's main operating segment is in Canada. The company owns the Moss Lake Gold Project located in Ontario.

Executives

Peter Alan Flindell

Senior Officer

Goldshore Resources (TSXV:GSHR) Headlines

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