Fortune Bay (TSXV:FOR) Days Payable : 17,383.13 (As of Dec. 2023)

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What is Fortune Bay Days Payable?

Fortune Bay's average Accounts Payable for the three months ended in Dec. 2023 was C$0.19 Mil. Fortune Bay's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.00 Mil. Hence, Fortune Bay's Days Payable for the three months ended in Dec. 2023 was 17,383.13.

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

TSXV:FOR' s Days Payable Range Over the Past 10 Years
Min: 8972.92 Med: 13322.5 Max: 43435
Current: 16388.5

During the past 9 years, Fortune Bay's highest Days Payable was 43435.00. The lowest was 8972.92. And the median was 13322.50.

TSXV:FOR's Days Payable is ranked better than
91.85% of 1068 companies
in the Metals & Mining industry
Industry Median: 136.695 vs TSXV:FOR: 16388.50

Fortune Bay's Days Payable declined from Dec. 2022 (29,838.75) to Dec. 2023 (17,383.13). It may suggest that Fortune Bay accelerated paying its suppliers.

Fortune Bay Days Payable Historical Data

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

Fortune Bay Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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13,322.50

43,435.00

8,972.92

12,665.50

14,052.50

Fortune Bay Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															29,838.75	15,603.75	15,512.50	19,390.63	17,383.13

Competitive Comparison of Fortune Bay's Days Payable

For the Gold subindustry, Fortune Bay'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 Bay's Days Payable Distribution in the Metals & Mining Industry

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

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

Fortune Bay 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 Bay'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
=	( (0.177	+	0.131)	/	2 )	/	0.004	*	365
=	0.154					/	0.004	*	365
=	14,052.50

Fortune Bay's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.25	+	0.131)	/	2 )	/	0.001	*	365 / 4
=	0.1905					/	0.001	*	365 / 4
=	17,383.13

Fortune Bay Days Payable Related Terms

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Fortune Bay (TSXV:FOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortune Bay Corp (TSXV:FOR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FTBYF:USA 5QN:Germany

Address

1969 Upper Water Street, Suite 2001, Purdy's Wharf, Tower II, Halifax, NS, CAN, B3J 3R7

Website

https://www.fortunebaycorp.com

Fortune Bay Corp is engaged in the acquisition, exploration, and development of mineral interests. The company's properties include the Goldfields Project; Murmac Uranium Project; Ixhuatan Project and Strike Uranium Project.

Executives

Wade K. Dawe

Director, Senior Officer