Visible Gold Mines (TSXV:VGD) Days Payable : 3,066.00 (As of Jan. 2024)

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What is Visible Gold Mines Days Payable?

Visible Gold Mines's average Accounts Payable for the three months ended in Jan. 2024 was C$0.17 Mil. Visible Gold Mines's Cost of Goods Sold for the three months ended in Jan. 2024 was C$0.01 Mil. Hence, Visible Gold Mines's Days Payable for the three months ended in Jan. 2024 was 3,066.00.

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

TSXV:VGD' s Days Payable Range Over the Past 10 Years
Min: 775.63 Med: 7190.5 Max: 21763.13
Current: 2768.79

During the past 13 years, Visible Gold Mines's highest Days Payable was 21763.13. The lowest was 775.63. And the median was 7190.50.

TSXV:VGD's Days Payable is ranked better than
76.36% of 1066 companies
in the Metals & Mining industry
Industry Median: 130.44 vs TSXV:VGD: 2768.79

Visible Gold Mines's Days Payable declined from Jan. 2023 (5,338.13) to Jan. 2024 (3,066.00). It may suggest that Visible Gold Mines accelerated paying its suppliers.

Visible Gold Mines Days Payable Historical Data

The historical data trend for Visible Gold Mines'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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Visible Gold Mines Days Payable Chart

Visible Gold Mines Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Days Payable

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21,763.13

10,329.50

775.63

4,051.50

Visible Gold Mines Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															5,338.13	5,246.88	1,748.96	1,943.63	3,066.00

Competitive Comparison of Visible Gold Mines's Days Payable

For the Gold subindustry, Visible Gold Mines'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.

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

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

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

Visible Gold Mines 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.

Visible Gold Mines's Days Payable for the fiscal year that ended in Jul. 2023 is calculated as

	Days Payable (A: Jul. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jul. 2022 )	+	Accounts Payable (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (0.031	+	0.08)	/	2 )	/	0.005	*	365
=	0.0555					/	0.005	*	365
=	4,051.50

Visible Gold Mines's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (0.133	+	0.203)	/	2 )	/	0.005	*	365 / 4
=	0.168					/	0.005	*	365 / 4
=	3,066.00

Visible Gold Mines Days Payable Related Terms

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Visible Gold Mines (TSXV:VGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Visible Gold Mines Inc (TSXV:VGD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VGMIF:USA 3V41:Germany

Address

147 Quebec Avenue (porte arriere), Rouyn-Noranda, QC, CAN, J9X 6M8

Website

https://www.visiblegoldmines.com

Visible Gold Mines Inc is engaged in the acquisition and exploration of mineral properties with prospects for hosting gold mineral deposits in Canada. The company has a single reporting segment. Its properties include CarLi Project, Piko Property, NataLi Project, Veronik, Piko, Horsefly, Hazeur and others.

Executives

Sylvain Champagne

Director, Senior Officer

Visible Gold Mines (TSXV:VGD) Headlines

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