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Fortuna Mining (MEX:FVI) Days Sales Outstanding : 8.46 (As of Sep. 2024)


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What is Fortuna Mining Days Sales Outstanding?

Fortuna Mining's average Accounts Receivable for the three months ended in Sep. 2024 was MXN502 Mil. Fortuna Mining's Revenue for the three months ended in Sep. 2024 was MXN5,413 Mil. Hence, Fortuna Mining's Days Sales Outstanding for the three months ended in Sep. 2024 was 8.46.

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

MEX:FVI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 8.37   Med: 25.8   Max: 44.24
Current: 8.37

During the past 13 years, Fortuna Mining's highest Days Sales Outstanding was 44.24. The lowest was 8.37. And the median was 25.80.

MEX:FVI's Days Sales Outstanding is ranked better than
83.74% of 775 companies
in the Metals & Mining industry
Industry Median: 41.54 vs MEX:FVI: 8.37

Fortuna Mining's Days Sales Outstanding increased from Sep. 2023 (7.47) to Sep. 2024 (8.46).


Fortuna Mining Days Sales Outstanding Historical Data

The historical data trend for Fortuna Mining's Days Sales Outstanding 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 Sales Outstanding Chart

Fortuna Mining Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 44.66 38.08 15.59 13.67 10.29

Fortuna Mining Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Sales Outstanding 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 7.47 7.34 8.84 6.98 8.46

Competitive Comparison of Fortuna Mining's Days Sales Outstanding

For the Gold subindustry, Fortuna Mining's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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 Sales Outstanding Distribution in the Metals & Mining Industry

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

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



Fortuna Mining Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Fortuna Mining's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

Days Sales Outstanding (A: Dec. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )*Days in Period
=( (467.456 + 338.976) / 2 ) / 14299.582*365
=403.216 / 14299.582*365
=10.29

Fortuna Mining's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding (Q: Sep. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Jun. 2024 ) + Accounts Receivable (A: Sep. 2024 )) / count ) / Revenue (A: Sep. 2024 )*Days in Period
=( (343.887 + 660.216) / 2 ) / 5413.277*365 / 4
=502.0515 / 5413.277*365 / 4
=8.46

* 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  (MEX:FVI) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.


Fortuna Mining Days Sales Outstanding Related Terms

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Fortuna Mining Business Description

Traded in Other Exchanges
Address
200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6
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.

Fortuna Mining Headlines

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