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TXO Partners LP (TXO Partners LP) Days Payable : 17.01 (As of Mar. 2024)


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What is TXO Partners LP Days Payable?

TXO Partners LP's average Accounts Payable for the three months ended in Mar. 2024 was $8.1 Mil. TXO Partners LP's Cost of Goods Sold for the three months ended in Mar. 2024 was $43.6 Mil. Hence, TXO Partners LP's Days Payable for the three months ended in Mar. 2024 was 17.01.

The historical rank and industry rank for TXO Partners LP's Days Payable or its related term are showing as below:

TXO' s Days Payable Range Over the Past 10 Years
Min: 12.75   Med: 17.38   Max: 22.48
Current: 20.39

During the past 4 years, TXO Partners LP's highest Days Payable was 22.48. The lowest was 12.75. And the median was 17.38.

TXO's Days Payable is ranked worse than
83.44% of 900 companies
in the Oil & Gas industry
Industry Median: 61.375 vs TXO: 20.39

TXO Partners LP's Days Payable declined from Mar. 2023 (29.50) to Mar. 2024 (17.01). It may suggest that TXO Partners LP accelerated paying its suppliers.

TXO Partners LP Days Payable Historical Data

The historical data trend for TXO Partners LP'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.

TXO Partners LP Days Payable Chart

TXO Partners LP Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Days Payable
14.61 12.75 20.14 22.48

TXO Partners LP Quarterly Data
Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.50 22.42 20.29 19.40 17.01

Competitive Comparison of TXO Partners LP's Days Payable

For the Oil & Gas E&P subindustry, TXO Partners LP'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.

TXO Partners LP's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where TXO Partners LP's Days Payable falls into.


TXO Partners LP 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.

TXO Partners LP'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
=( (14.686 + 8.598) / 2 ) / 189.018*365
=11.642 / 189.018*365
=22.48

TXO Partners LP's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

Days Payable (Q: Mar. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2023 ) + Accounts Payable (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (8.598 + 7.659) / 2 ) / 43.6*365 / 4
=8.1285 / 43.6*365 / 4
=17.01

* 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.

TXO Partners LP Days Payable Related Terms

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TXO Partners LP (TXO Partners LP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TXO Partners LP (NYSE:TXO) » Definitions » Days Payable
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Traded in Other Exchanges
7OJ:Germany
Address
400 West 7th Street, Fort Worth, TX, USA, 76102
Website
https://www.txopartners.com
TXO Partners LP is focused on the acquisition, development, optimization and exploitation of oil, natural gas, and natural gas liquid reserves in North America.
Executives
Phillip R Kevil director, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
King Luther Capital Management Corp 10 percent owner 301 COMMERCE SUITE 1600, FORT WORTH TX 76102
Bob R Simpson director, 10 percent owner, officer: See Remarks, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Keith A Hutton director, 10 percent owner, officer: See Remarks, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Adams William H Iii director, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Global Endowment Management, Lp 10 percent owner 224 W TREMONT AVE, CHARLOTTE NC 28203
Lkcm Investment Partnership, L.p. 10 percent owner 301 COMMERCE STREET, SUITE 1600, FORT WORTH TX 76102
Lkcm Private Discipline Master Fund, Spc 10 percent owner PO BOX 309GT, UGLAND HOUSE, SOUTH CHURCH STREET, GRAND CAYMAN E9 00000
King J Luther Jr director, 10 percent owner, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Brent W. Clum director, officer: See Remarks, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 W. 7TH STREET, FORT WORTH TX 76102
Scott T. Agosta officer: See Remarks, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 W. 7TH STREET, FORT WORTH TX 76102
Richard Jacob Settle director, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102