Fortuna Mining (TSX:FVI) Days Payable: 53.58 (As of Mar. 2026) — Near Median


TSX:FVI Fortuna Mining Corp TSX:FVI
93 GF Score
Price C$11.99
GF Value C$9.04
Valuation Significantly Overvalued
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What is Fortuna Mining Days Payable?

Fortuna Mining TSX:FVI +0.84% 93 Days Payable is 53.58 as of Mar. 2026, which is 3% above its 10-year median of 52.06. GuruFocus rates TSX:FVI with a GF Score™ of 93/100 and a GF Value™ of C$9.04 (Significantly Overvalued). Among 1,064 Metals & Mining companies, Fortuna Mining ranks worse than 69.45% on this metric.

Fortuna Mining's average Accounts Payable for the three months ended in Mar. 2026 was C$105 Mil. Fortuna Mining's Cost of Goods Sold for the three months ended in Mar. 2026 was C$179 Mil. Hence, Fortuna Mining's Days Payable for the three months ended in Mar. 2026 was 53.58.

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

TSX:FVI' s Days Payable Range Over the Past 10 Years
Min: 34.13   Med: 52.06   Max: 79.7
Current: 57.37

During the past 13 years, Fortuna Mining's highest Days Payable was 79.70. The lowest was 34.13. And the median was 52.06.

TSX:FVI's Days Payable is ranked worse than
69.45% of 1064 companies
in the Metals & Mining industry
Industry Median: 126.885 vs TSX:FVI: 57.37

Fortuna Mining's Days Payable declined from Mar. 2025 (74.18) to Mar. 2026 (53.58). It may suggest that Fortuna Mining accelerated paying its suppliers.


Fortuna Mining Days Payable Historical Data

* Premium members only.

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.

Fortuna Mining Days Payable Chart

Fortuna Mining Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 52.81 51.31 48.64 76.35 65.41

Fortuna Mining Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 74.18 65.13 52.43 51.20 53.58

TSX:FVI vs NEM, AU: Days Payable Comparison

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 Days Payable vs 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.


TSX:FVI
93GF Score
Fortuna Mining Corp TSX:FVI
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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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. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (129.904 + 107.5) / 2 ) / 662.382*365
=118.702 / 662.382*365
=65.41

Fortuna Mining's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (107.5 + 102.969) / 2 ) / 179.231*365 / 4
=105.2345 / 179.231*365 / 4
=53.58

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 53.58 mean?
Fortuna Mining (TSX:FVI) has a Days Payable of 53.58 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Fortuna Mining and its competitors. This is near median its historical median of 52.06. Over the past decade, Fortuna Mining's Days Payable has ranged from 34.13 to 79.70. According to the industry distribution chart, Fortuna Mining ranks #739 out of 1064 companies in the Metals & Mining industry, placing it in the top 69.5%.
Is Fortuna Mining's Days Payable too high?
Fortuna Mining's current Days Payable of 53.58 is near median its 10-year median of 52.06. Over the past 10 years, this metric has ranged from a low of 34.13 to a high of 79.70. The Metals & Mining industry median Days Payable is 126.89. Fortuna Mining's value of 53.58 is 57.8% below this industry median. Based on the distribution chart, Fortuna Mining ranks #739 out of 1064 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Fortuna Mining has a GF Score™ of 93/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortuna Mining's Days Payable compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Fortuna Mining ranks #739 out of 1064 companies for Days Payable. This places Fortuna Mining in the lower half of its industry. The industry median Days Payable is 126.89. Fortuna Mining's value of 53.58 is 57.8% below this benchmark. Historically, Fortuna Mining's own Days Payable has ranged from 34.13 to 79.70 over the past decade. While the company's 10-year median is 52.06 vs. the industry median of 126.89, Fortuna Mining has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Metals & Mining company?
The median Days Payable among Metals & Mining companies is 126.89, based on 1,064 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fortuna Mining's current Days Payable of 53.58 is 57.8% below 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 Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Fortuna Mining and its competitors. For the Metals & Mining industry, the median Days Payable is 126.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortuna Mining's current Days Payable is 53.58, which is near median its own 10-year median of 52.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortuna Mining stock overvalued right now?
Based on GuruFocus' analysis, Fortuna Mining (TSX:FVI) is currently considered Significantly Overvalued. The stock's GF Value™ is C$9.04, compared to a current price of C$11.99 — trading 32.6% above its estimated fair value. The current Days Payable is 53.58, which is near median its 10-year median of 52.06 and 57.8% below the Metals & Mining industry median of 126.89. Fortuna Mining's overall GF Score™ is 93/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Fortuna Mining (TSX:FVI), the current Days Payable is 53.58 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 Fortuna Mining (TSX:FVI) Overvalued in 2026?

Based on GuruFocus' analysis, Fortuna Mining stock appears to be overvalued. The current stock price of C$11.99 is trading 32.6% above its estimated GF Value™ of C$9.04. GuruFocus considers Fortuna Mining to be Significantly Overvalued.

Key valuation signals for TSX:FVI:

  • Days Payable: 53.58 (near median its 10-year median of 52.06)
  • GF Value™: C$9.04 vs. price of C$11.99 (32.6% above fair value)
  • GF Score™: 93/100
  • Industry Position: 57.8% below the Metals & Mining median (#739 of 1064)

No single metric tells the full story. See the TSX:FVI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fortuna Mining Business Description

Address 1111 Melville Street, Suite 820, Vancouver, BC, CAN, V6E 3V6
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'voire, Mexico, and Peru. The company's segment consists of Mansfield, Sango, Bateas, Corporate. The company generates the majority of its revenue from Sango segment which operates the Seguela gold mine. Geographically, the company generates the majority of its revenue from Cote d' Ivoire location.
93GF Score

Get the complete analysis for TSX:FVI

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$11.99
Price
C$9.04
GF Value