Nexus Gold (TSXV:NXS) Days Payable : 46,172.50 (As of Oct. 2023)

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What is Nexus Gold Days Payable?

Nexus Gold's average Accounts Payable for the three months ended in Oct. 2023 was C$0.51 Mil. Nexus Gold's Cost of Goods Sold for the three months ended in Oct. 2023 was C$0.00 Mil. Hence, Nexus Gold's Days Payable for the three months ended in Oct. 2023 was 46,172.50.

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

TSXV:NXS' s Days Payable Range Over the Past 10 Years
Min: 23679.38 Med: 35154.07 Max: 81486.25
Current: 34134.8

During the past 13 years, Nexus Gold's highest Days Payable was 81486.25. The lowest was 23679.38. And the median was 35154.07.

TSXV:NXS's Days Payable is ranked better than
95.88% of 1068 companies
in the Metals & Mining industry
Industry Median: 136.695 vs TSXV:NXS: 34134.80

Nexus Gold's Days Payable declined from Oct. 2022 (46,218.13) to Oct. 2023 (46,172.50). It may suggest that Nexus Gold accelerated paying its suppliers.

Nexus Gold Days Payable Historical Data

The historical data trend for Nexus 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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Nexus Gold Days Payable Chart

Nexus Gold Annual Data

Trend

Jul13

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Days Payable

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81,486.25

42,294.38

23,679.38

28,013.75

Nexus Gold Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Days Payable	Get a 7-Day Free Trial															46,218.13	20,713.75	36,819.38	40,469.38	46,172.50

Competitive Comparison of Nexus Gold's Days Payable

For the Gold subindustry, Nexus 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.

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

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

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

Nexus 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.

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

	Days Payable (A: Jan. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2022 )	+	Accounts Payable (A: Jan. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2023 )	*	Days in Period
=	( (0.225	+	0.389)	/	2 )	/	0.004	*	365
=	0.307					/	0.004	*	365
=	28,013.75

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

	Days Payable (Q: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2023 )	+	Accounts Payable (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (0.469	+	0.543)	/	2 )	/	0.001	*	365 / 4
=	0.506					/	0.001	*	365 / 4
=	46,172.50

Nexus Gold Days Payable Related Terms

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Nexus Gold (TSXV:NXS) Business Description

Industry

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

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Traded in Other Exchanges

NXSGF:USA GH00:Germany

Address

750 West Pender Street, Suite 802, Vancouver, BC, CAN, V6C 2T8

Website

https://www.nxs.gold

Nexus Gold Corp is a Canadian-based company with a portfolio of ten exploration projects in West Africa and Canada. The West African-based portfolio totals five projects located on active gold belts and mineralized trends, while its 100% owned Canadian projects include the flagship McKenzie Gold Project in Red Lake, Ontario. The company is focused on developing several core assets while seeking joint-venture, earn-in, and strategic partnerships for other projects in its growing portfolio.

Executives

Alexander Klenman

Director

Nexus Gold (TSXV:NXS) Headlines

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