FTMDF (Fortune Minerals) Days Payable : 0.00 (As of Sep. 2024)

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What is Fortune Minerals Days Payable?

Fortune Minerals's average Accounts Payable for the three months ended in Sep. 2024 was $0.00 Mil. Fortune Minerals's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.01 Mil. Hence, Fortune Minerals's Days Payable for the three months ended in Sep. 2024 was 0.00.

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

FTMDF's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 129.57
* Ranked among companies with meaningful Days Payable only.

Fortune Minerals's Days Payable stayed the same from Sep. 2023 (0.00) to Sep. 2024 (0.00). stayed the same

Fortune Minerals Days Payable Historical Data

The historical data trend for Fortune Minerals'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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Fortune Minerals Days Payable Chart

Fortune Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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Fortune Minerals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Fortune Minerals's Days Payable

For the Other Industrial Metals & Mining subindustry, Fortune Minerals'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.

Fortune Minerals's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Fortune Minerals's Days Payable falls into.

Fortune Minerals 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.

Fortune Minerals'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	+	0)	/	1 )	/	0.052	*	365
=	0					/	0.052	*	365
=	0.00

Fortune Minerals's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.013	*	365 / 4
=	0					/	0.013	*	365 / 4
=	0.00

Fortune Minerals Days Payable Related Terms

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Fortune Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortune Minerals Ltd (OTCPK:FTMDF) » Definitions » Days Payable

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FT:Canada

Address

617 Wellington Street, London, ON, CAN, N6A 3R6

Website

https://www.fortuneminerals.com

Fortune Minerals Ltd is a Canadian mining and mine development company focused in the exploration and development of specialty metals, base metals, and precious metals in the Northwest Territories with a Refinery contemplated to be built in western Canada.