Thor ExplorationsTSXV:THX -1.87%43 Days Payable is 16.95 as of Mar. 2026, which is 99% below its 10-year median of 1,472.55. GuruFocus rates TSXV:THX with a GF Score™ of 43/100 and a GF Value™ of C$0.71 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,067 Metals & Mining companies, Thor Explorations ranks worse than 74.04% on this metric.
The historical rank and industry rank for Thor Explorations's Days Payable or its related term are showing as below:
TSXV:THX'
s Days Payable Range Over the Past 10 Years
Min: 48.93 Med: 1472.55 Max: 69167.5
Current: 48.93
During the past 13 years, Thor Explorations's highest Days Payable was 69167.50. The lowest was 48.93. And the median was 1472.55.
TSXV:THX's Days Payable is ranked worse than 74.04% of 1067
companies
in the Metals & Mining industry
Industry Median: 127.26
vs TSXV:THX: 48.93
Thor Explorations's Days Payable
declined
from Mar. 2025 (134.25) to Mar. 2026 (16.95).
It may suggest that Thor Explorationsaccelerated paying its suppliers.
Thor Explorations Days Payable Related Terms
Thor Explorations Days Payable Historical Data
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The historical data trend for Thor Explorations'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.
For the Gold subindustry, Thor Explorations'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.
Thor Explorations Days Payable vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Thor Explorations's Days Payable distribution charts can be found below:
* The bar in red indicates where Thor Explorations's Days Payable falls into.
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.
Thor Explorations's Days Payable 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 Days Payable of 16.95 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 Thor Explorations and its competitors. This is 99% below median its historical median of 1,472.55. Over the past decade, Thor Explorations' Days Payable has ranged from 48.93 to 69,167.50. According to the industry distribution chart, Thor Explorations ranks #790 out of 1067 companies in the Metals & Mining industry, placing it in the top 74%.
Is Thor Explorations' Days Payable too high?
Thor Explorations' current Days Payable of 16.95 is 99% below median its 10-year median of 1,472.55. Over the past 10 years, this metric has ranged from a low of 48.93 to a high of 69,167.50. The Metals & Mining industry median Days Payable is 127.26. Thor Explorations' value of 16.95 is 86.7% below this industry median. Based on the distribution chart, Thor Explorations ranks #790 out of 1067 companies in the Metals & Mining industry, which is below the industry midpoint. 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' Days Payable compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Thor Explorations ranks #790 out of 1067 companies for Days Payable. This places Thor Explorations in the lower half of its industry. The industry median Days Payable is 127.26. Thor Explorations' value of 16.95 is 86.7% below this benchmark. Historically, Thor Explorations' own Days Payable has ranged from 48.93 to 69,167.50 over the past decade. While the company's 10-year median is 1,472.55 vs. the industry median of 127.26, Thor Explorations 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 127.26, based on 1,067 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. Thor Explorations's current Days Payable of 16.95 is 86.7% 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 Thor Explorations and its competitors. For the Metals & Mining industry, the median Days Payable is 127.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thor Explorations's current Days Payable is 16.95, which is 99% below median its own 10-year median of 1,472.55. 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 Days Payable is 16.95, which is 99% below median its 10-year median of 1,472.55 and 86.7% below the Metals & Mining industry median of 127.26. 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 Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Thor Explorations (TSXV:THX), the current Days Payable is 16.95 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:
Days Payable: 16.95 (99% below median its 10-year median of 1,472.55)
GF Value™: C$0.71 vs. price of C$1.05 (47.9% above fair value)
Industry Position: 86.7% below the Metals & Mining median (#790 of 1067)
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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