Robex Resources (TSXV:RBX) Days Payable : 62.73 (As of Dec. 2023)

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What is Robex Resources Days Payable?

Robex Resources's average Accounts Payable for the three months ended in Dec. 2023 was C$11.4 Mil. Robex Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was C$16.6 Mil. Hence, Robex Resources's Days Payable for the three months ended in Dec. 2023 was 62.73.

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

TSXV:RBX' s Days Payable Range Over the Past 10 Years
Min: 43.19 Med: 78.7 Max: 5127.9
Current: 72.34

During the past 13 years, Robex Resources's highest Days Payable was 5127.90. The lowest was 43.19. And the median was 78.70.

TSXV:RBX's Days Payable is ranked worse than
63.21% of 1071 companies
in the Metals & Mining industry
Industry Median: 130.91 vs TSXV:RBX: 72.34

Robex Resources's Days Payable declined from Dec. 2022 (75.84) to Dec. 2023 (62.73). It may suggest that Robex Resources accelerated paying its suppliers.

Robex Resources Days Payable Historical Data

The historical data trend for Robex 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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Robex Resources Days Payable Chart

Robex Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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43.19

54.92

75.20

82.20

69.48

Robex Resources 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															75.84	66.60	98.63	68.71	62.73

Competitive Comparison of Robex Resources's Days Payable

For the Gold subindustry, Robex 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.

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

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

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

Robex 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.

Robex Resources'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
=	( (11.877	+	13.169)	/	2 )	/	65.791	*	365
=	12.523					/	65.791	*	365
=	69.48

Robex Resources'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
=	( (9.694	+	13.169)	/	2 )	/	16.63	*	365 / 4
=	11.4315					/	16.63	*	365 / 4
=	62.73

Robex Resources Days Payable Related Terms

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Robex Resources (TSXV:RBX) Business Description

Industry

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

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RSRBF:USA

Address

Edifice Le Delta 1 2875, bureau 1000, boulevard Laurier, Quebec, QC, CAN, G1V 2M2

Website

https://www.robexgold.com

Robex Resources Inc is an exploration and mining development company. It holds four exploration permits namely Kolomba, Mininko, Sanoula, and Kamasso are all located in Mali, in West Africa. The Nampala mine is a simple concentrator, completely geared towards the performance of the process.

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