FSM (Fortuna Mining) Days Payable : 42.96 (As of Dec. 2024)

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What is Fortuna Mining Days Payable?

Fortuna Mining's average Accounts Payable for the three months ended in Dec. 2024 was $92 Mil. Fortuna Mining's Cost of Goods Sold for the three months ended in Dec. 2024 was $195 Mil. Hence, Fortuna Mining's Days Payable for the three months ended in Dec. 2024 was 42.96.

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

FSM' s Days Payable Range Over the Past 10 Years
Min: 34.13 Med: 48.21 Max: 79.7
Current: 48.88

During the past 13 years, Fortuna Mining's highest Days Payable was 79.70. The lowest was 34.13. And the median was 48.21.

FSM's Days Payable is ranked worse than
74.98% of 1039 companies
in the Metals & Mining industry
Industry Median: 134.27 vs FSM: 48.88

Fortuna Mining's Days Payable increased from Dec. 2023 (38.20) to Dec. 2024 (42.96). It may suggest that Fortuna Mining delayed paying its suppliers.

Fortuna Mining Days Payable Historical Data

The historical data trend for Fortuna Mining'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.

Fortuna Mining Days Payable Chart

Fortuna Mining Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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78.46

52.80

52.94

48.38

48.66

Fortuna Mining Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															38.20	59.81	50.69	46.09	42.96

Competitive Comparison of Fortuna Mining's Days Payable

For the Gold subindustry, Fortuna Mining'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.

Fortuna Mining's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Fortuna Mining's Days Payable falls into.

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Fortuna Mining 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.

Fortuna Mining's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (100.387	+	91.18)	/	2 )	/	718.43	*	365
=	95.7835					/	718.43	*	365
=	48.66

Fortuna Mining's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (92.754	+	91.18)	/	2 )	/	195.361	*	365 / 4
=	91.967					/	195.361	*	365 / 4
=	42.96

Fortuna Mining Days Payable Related Terms

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Fortuna Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortuna Mining Corp (NYSE:FSM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FVI N:Mexico 0QYM:UK F4S0:Germany F4S0:Germany FVI:Canada

Address

200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6

Website

https://www.fortunamining.com

Fortuna Mining Corp is a Canadian-based precious metals mining company with mines in the Latin America and West Africa regions producing gold and silver. It operate mines in Argentina, Burkina Faso, Cote d'Ivoire, Mexico, and Peru.