Thor Explorations's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 0.
Thor Explorations's Days Inventory for the
three
months ended in Mar. 2026 was 182.73.
Thor Explorations's Days Payable for the
three
months ended in Mar. 2026 was 16.95.
Therefore, Thor Explorations's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 165.78.
Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.
Be Aware
CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.
The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.
Thor Explorations Cash Conversion Cycle Related Terms
Thor Explorations Cash Conversion Cycle Historical Data
* Premium members only.
The historical data trend for Thor Explorations's Cash Conversion Cycle 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.
TSXV:THX vs NEM, AU: Cash Conversion Cycle Comparison
For the Gold subindustry, Thor Explorations's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle 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.
Thor Explorations Cash Conversion Cycle vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Thor Explorations's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Thor Explorations's Cash Conversion Cycle falls into.
Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.
Cash Conversion Cycle is one of several measures of management effectiveness.
Thor Explorations's Cash Conversion Cycle for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Thor Explorations (TSXV:THX) has a Cash Conversion Cycle of 165.78 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Thor Explorations and its competitors.
Is Thor Explorations' Cash Conversion Cycle too high?
Thor Explorations' current Cash Conversion Cycle is 165.78. The Metals & Mining industry median Cash Conversion Cycle is 15.07. Thor Explorations' value of 165.78 is 1000.1% above this industry median. Overall, Thor Explorations has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thor Explorations' Cash Conversion Cycle compare to NEM and AU?
Thor Explorations' Cash Conversion Cycle of 165.78 can be compared against companies in the Metals & Mining industry. The industry median Cash Conversion Cycle is 15.07. Thor Explorations' value of 165.78 is 1000.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Conversion Cycle for a Metals & Mining company?
The median Cash Conversion Cycle among Metals & Mining companies is 15.07, based on 1,167 companies in the industry. Companies in the top quartile (top 25%) have a Cash Conversion Cycle significantly above this median, while those in the bottom quartile fall well below. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thor Explorations's current Cash Conversion Cycle of 165.78 is 1000.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Conversion Cycle mean?
A high Cash Conversion Cycle can signal that a stock is expensive relative to its fundamentals. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Thor Explorations and its competitors. For the Metals & Mining industry, the median Cash Conversion Cycle is 15.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thor Explorations's current Cash Conversion Cycle is 165.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thor Explorations stock overvalued right now?
Based on GuruFocus' analysis, Thor Explorations (TSXV:THX) is currently considered Significantly Overvalued. The stock's GF Value™ is C$0.71, compared to a current price of C$1.05 — trading 47.9% above its estimated fair value. The current Cash Conversion Cycle is 165.78 and 1000.1% above the Metals & Mining industry median of 15.07. Thor Explorations' overall GF Score™ is 43/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Conversion Cycle calculated?
Cash Conversion Cycle is calculated from a company's financial statements. For Thor Explorations (TSXV:THX), the current Cash Conversion Cycle is 165.78 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Thor Explorations (TSXV:THX) Overvalued in 2026?
Based on GuruFocus' analysis, Thor Explorations stock appears to be overvalued.
The current stock price of C$1.05 is trading 47.9% above its estimated GF Value™ of C$0.71.
GuruFocus considers Thor Explorations to be Significantly Overvalued.
Key valuation signals for TSXV:THX:
Cash Conversion Cycle: 165.78
GF Value™: C$0.71 vs. price of C$1.05 (47.9% above fair value)
Industry Position: 1000.1% above the Metals & Mining median
No single metric tells the full story. See the TSXV:THX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thor Explorations Ltd is a Canadian mineral exploration company engaged in the acquisition, exploration, development, and production of mineral properties located in Nigeria, Senegal, and Cote d'Ivoire. Its project portfolio includes the Segilola Gold Project located in Osun State, Nigeria; the Douta Gold Project located in south-eastern Senegal; and the Guitry Gold Project Cote d'Ivoire. Additionally, the company has entered into two further option agreements to earn the majority interest in the Marahui and Boundiali Exploration licences. Thor Explorations derives revenue mainly from the sale of gold and silver, of which substantial revenue is generated from gold. The company's operations comprise three reportable segments: the Segilola Mine Project, Exploration Projects, and Corporate.
43GF Score
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