Pelangio Exploration (TSXV:PX) Days Payable : 0.00 (As of Mar. 2024)

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What is Pelangio Exploration Days Payable?

Pelangio Exploration's average Accounts Payable for the three months ended in Mar. 2024 was C$0.70 Mil. Pelangio Exploration's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.00 Mil.

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

TSXV:PX' s Days Payable Range Over the Past 10 Years
Min: 11558.33 Med: 27283.75 Max: 69897.5
Current: 69897.5

During the past 13 years, Pelangio Exploration's highest Days Payable was 69897.50. The lowest was 11558.33. And the median was 27283.75.

TSXV:PX's Days Payable is ranked better than
97.85% of 1070 companies
in the Metals & Mining industry
Industry Median: 136.225 vs TSXV:PX: 69897.50

Pelangio Exploration's Days Payable declined from Mar. 2023 (24,728.75) to Mar. 2024 (0.00). It may suggest that Pelangio Exploration accelerated paying its suppliers.

Pelangio Exploration Days Payable Historical Data

The historical data trend for Pelangio Exploration'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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Pelangio Exploration Days Payable Chart

Pelangio Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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11,558.33

20,896.25

36,135.00

53,107.50

46,674.38

Pelangio Exploration Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															24,728.75	43,161.25	-	26,941.56	-

Competitive Comparison of Pelangio Exploration's Days Payable

For the Other Industrial Metals & Mining subindustry, Pelangio Exploration'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.

Pelangio Exploration's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Pelangio Exploration's Days Payable falls into.

Pelangio Exploration 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.

Pelangio Exploration's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.271	+	0.752)	/	2 )	/	0.004	*	365
=	0.5115					/	0.004	*	365
=	46,674.38

Pelangio Exploration's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.752	+	0.644)	/	2 )	/	0	*	365 / 4
=	0.698					/	0	*	365 / 4
=	N/A

Pelangio Exploration Days Payable Related Terms

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Pelangio Exploration (TSXV:PX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pelangio Exploration Inc (TSXV:PX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PGXPF:USA

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.pelangio.com

Pelangio Exploration Inc is a Canadian junior gold exploration company. The principal business of the company is the acquisition, exploration, and development of mineral property interests in Canada and Ghana, Africa. The company focuses on the acquisition and exploration of early-stage and undervalued exploration prospects located in gold belts. It holds an interest in various properties in Ghana such as Manfo property and Obuasi property. In Canada, the company owns an interest in Birch Lake property and others.

Executives

Ingrid Jo-ann Hibbard

Director, Senior Officer