White Gold (TSXV:WGO) Days Payable : 1,779.38 (As of Dec. 2023)

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What is White Gold Days Payable?

White Gold's average Accounts Payable for the three months ended in Dec. 2023 was C$0.64 Mil. White Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.03 Mil. Hence, White Gold's Days Payable for the three months ended in Dec. 2023 was 1,779.38.

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

TSXV:WGO' s Days Payable Range Over the Past 10 Years
Min: 584 Med: 747.66 Max: 1390.22
Current: 1390.22

During the past 13 years, White Gold's highest Days Payable was 1390.22. The lowest was 584.00. And the median was 747.66.

TSXV:WGO's Days Payable is ranked better than
70.26% of 1066 companies
in the Metals & Mining industry
Industry Median: 131.36 vs TSXV:WGO: 1390.22

White Gold's Days Payable increased from Dec. 2022 (969.53) to Dec. 2023 (1,779.38). It may suggest that White Gold delayed paying its suppliers.

White Gold Days Payable Historical Data

The historical data trend for White 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.

* Premium members only.

White Gold Days Payable Chart

White Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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976.30

584.00

747.66

1,107.17

630.70

White Gold 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															969.53	613.86	1,418.29	2,465.05	1,779.38

Competitive Comparison of White Gold's Days Payable

For the Gold subindustry, White 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.

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

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

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

White 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.

White Gold'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
=	( (0.215	+	0.255)	/	2 )	/	0.136	*	365
=	0.235					/	0.136	*	365
=	630.70

White Gold'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
=	( (1.032	+	0.255)	/	2 )	/	0.033	*	365 / 4
=	0.6435					/	0.033	*	365 / 4
=	1,779.38

White Gold Days Payable Related Terms

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White Gold (TSXV:WGO) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

WHGOF:USA 29W:Germany

Address

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

Website

https://www.whitegoldcorp.ca

White Gold Corp is in the business of acquiring and exploring mineral properties. The company owned several properties in the Yukon's White Gold District in Canada. Its exploration properties include White Gold Property, Sixty Mile, Klondike, Money and White Stewart, Coffee Trend East, Coffee Trend West, and Beaver Creek.