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MMEX Resources (MMEX Resources) Days Payable : 8,116.18 (As of Jan. 2024)


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What is MMEX Resources Days Payable?

MMEX Resources's average Accounts Payable for the three months ended in Jan. 2024 was $0.80 Mil. MMEX Resources's Cost of Goods Sold for the three months ended in Jan. 2024 was $0.01 Mil. Hence, MMEX Resources's Days Payable for the three months ended in Jan. 2024 was 8,116.18.

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

MMEX' s Days Payable Range Over the Past 10 Years
Min: 6965.42   Med: 8085.93   Max: 128023.75
Current: 8346.33

During the past 13 years, MMEX Resources's highest Days Payable was 128023.75. The lowest was 6965.42. And the median was 8085.93.

MMEX's Days Payable is ranked better than
98.44% of 900 companies
in the Oil & Gas industry
Industry Median: 61.27 vs MMEX: 8346.33

MMEX Resources's Days Payable declined from Jan. 2023 (9,611.67) to Jan. 2024 (8,116.18). It may suggest that MMEX Resources accelerated paying its suppliers.

MMEX Resources Days Payable Historical Data

The historical data trend for MMEX Resources'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.

* Premium members only.

MMEX Resources Days Payable Chart

MMEX Resources Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8,324.35 7,847.50 8,353.29 7,315.21 6,965.42

MMEX Resources Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 9,611.67 8,927.29 7,543.33 7,735.97 8,116.18

Competitive Comparison of MMEX Resources's Days Payable

For the Oil & Gas E&P subindustry, MMEX Resources'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.

MMEX Resources's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, MMEX Resources's Days Payable distribution charts can be found below:

* The bar in red indicates where MMEX Resources's Days Payable falls into.


MMEX Resources 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.

MMEX Resources's Days Payable for the fiscal year that ended in Apr. 2023 is calculated as

Days Payable (A: Apr. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Apr. 2022 ) + Accounts Payable (A: Apr. 2023 )) / count ) / Cost of Goods Sold (A: Apr. 2023 )*Days in Period
=( (0.64 + 0.734) / 2 ) / 0.036*365
=0.687 / 0.036*365
=6,965.42

MMEX Resources's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

Days Payable (Q: Jan. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Oct. 2023 ) + Accounts Payable (Q: Jan. 2024 )) / count ) / Cost of Goods Sold (Q: Jan. 2024 )*Days in Period
=( (0.772 + 0.829) / 2 ) / 0.009*365 / 4
=0.8005 / 0.009*365 / 4
=8,116.18

* 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.

MMEX Resources Days Payable Related Terms

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MMEX Resources (MMEX Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MMEX Resources Corp (OTCPK:MMEX) » Definitions » Days Payable
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Traded in Other Exchanges
N/A
Address
3600 Dickinson, Fort Stockton, TX, USA, 78735
Website
https://www.mmexresources.com
MMEX Resources Corp is a resource development company. Principally, it is engaged in the exploration, extraction, refining, and distribution of oil, gas, petroleum products and electric power projects in Texas, Peru, and other countries in Latin America. The company intends to build crude oil refining facilities in the Permian Basin in West Texas. It also focuses on operations of around 10,000 BPD distillation units that will produce a non-transportation grade diesel for sale in the local market for drilling frac fluids, along with naphtha and residual fuel oil to be sold to other refiners.
Executives
Nabil Katabi 10 percent owner 3616 FAR WEST BLVD., #117, AUSTIN TX 78731
Jack Walton Hanks director, officer: President, CEO 3616 FAR WEST BLVD #117-321, AUSTIN TX 78731
Bruce Lemons director 7 NORTHRIDGE LANE, SANDY UT 84092
Matthew K Szot officer: Chief Financial Officer 802 NORTH DOUTY STREET, HANFORD CA 93230
Tydus Richards director, officer: Chairman of the Board 23 CORPORATE PLAZA, SUITE 280, NEWPORT BEACH CA 92660
Baugues John Paul Jr director, 10 percent owner, officer: Chief Executive Officer 3203 THIRD AVE NORTH, BILLINGS MN 59101