PHX Minerals (FRA:5AH) Days Payable : 10.50 (As of Dec. 2023)

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What is PHX Minerals Days Payable?

PHX Minerals's average Accounts Payable for the three months ended in Dec. 2023 was €0.44 Mil. PHX Minerals's Cost of Goods Sold for the three months ended in Dec. 2023 was €3.82 Mil. Hence, PHX Minerals's Days Payable for the three months ended in Dec. 2023 was 10.50.

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

FRA:5AH' s Days Payable Range Over the Past 10 Years
Min: 8.66 Med: 15.55 Max: 73.21
Current: 9.44

During the past 13 years, PHX Minerals's highest Days Payable was 73.21. The lowest was 8.66. And the median was 15.55.

FRA:5AH's Days Payable is ranked worse than
94.33% of 900 companies
in the Oil & Gas industry
Industry Median: 61.27 vs FRA:5AH: 9.44

PHX Minerals's Days Payable declined from Dec. 2022 (11.16) to Dec. 2023 (10.50). It may suggest that PHX Minerals accelerated paying its suppliers.

PHX Minerals Days Payable Historical Data

The historical data trend for PHX Minerals'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.

PHX Minerals Days Payable Chart

PHX Minerals Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Dec23

Days Payable

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8.38

14.18

16.41

11.58

14.80

PHX Minerals 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															11.16	9.01	6.84	8.48	10.50

Competitive Comparison of PHX Minerals's Days Payable

For the Oil & Gas E&P subindustry, PHX Minerals'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.

PHX Minerals's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where PHX Minerals's Days Payable falls into.

PHX Minerals 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.

PHX Minerals'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: Sep. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.653	+	0.516)	/	2 )	/	14.417	*	365
=	0.5845					/	14.417	*	365
=	14.80

PHX Minerals'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
=	( (0.363	+	0.516)	/	2 )	/	3.819	*	365 / 4
=	0.4395					/	3.819	*	365 / 4
=	10.50

PHX Minerals Days Payable Related Terms

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PHX Minerals (FRA:5AH) Business Description

Industry

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PHX:USA

Address

1320 South University Drive, Suite 720, Fort Worth, TX, USA, 76107

Website

https://www.phxmin.com

PHX Minerals, previously Panhandle Oil & Gas, is an oil and natural gas mineral company that has employed a strategy to shift the core of its business away from drilling and toward perpetual mineral and natural gas ownership. The company owns substantial mineral acreage, principally in Oklahoma, North Dakota, Texas, New Mexico, and Arkansas, but still maintains legacy interests in natural gas and oil properties that have retired operations. The sale of natural gas, natural gas liquids, and oil continues to be the primary source of the company's revenue.

PHX Minerals (FRA:5AH) Headlines

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