Texas Pacific Land (STU:9WY) Days Payable : 183.83 (As of Dec. 2023)

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What is Texas Pacific Land Days Payable?

Texas Pacific Land's average Accounts Payable for the three months ended in Dec. 2023 was €23.9 Mil. Texas Pacific Land's Cost of Goods Sold for the three months ended in Dec. 2023 was €11.9 Mil. Hence, Texas Pacific Land's Days Payable for the three months ended in Dec. 2023 was 183.83.

The historical rank and industry rank for Texas Pacific Land's Days Payable or its related term are showing as below:

STU:9WY' s Days Payable Range Over the Past 10 Years
Min: 173.52 Med: 221.68 Max: 16242.5
Current: 195.45

During the past 13 years, Texas Pacific Land's highest Days Payable was 16242.50. The lowest was 173.52. And the median was 221.68.

STU:9WY's Days Payable is ranked better than
82.2% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs STU:9WY: 195.45

Texas Pacific Land's Days Payable declined from Dec. 2022 (339.38) to Dec. 2023 (183.83). It may suggest that Texas Pacific Land accelerated paying its suppliers.

Texas Pacific Land Days Payable Historical Data

The historical data trend for Texas Pacific Land'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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Texas Pacific Land Days Payable Chart

Texas Pacific Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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179.54

192.23

187.41

223.58

176.12

Texas Pacific Land 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															339.38	256.52	176.14	209.68	183.83

Competitive Comparison of Texas Pacific Land's Days Payable

For the Oil & Gas E&P subindustry, Texas Pacific Land'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.

Texas Pacific Land's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Texas Pacific Land's Days Payable falls into.

Texas Pacific Land 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.

Texas Pacific Land'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
=	( (22.13	+	20.633)	/	2 )	/	44.313	*	365
=	21.3815					/	44.313	*	365
=	176.12

Texas Pacific Land'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
=	( (27.198	+	20.633)	/	2 )	/	11.871	*	365 / 4
=	23.9155					/	11.871	*	365 / 4
=	183.83

Texas Pacific Land Days Payable Related Terms

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Texas Pacific Land (STU:9WY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Texas Pacific Land Corp (STU:9WY) » Definitions » Days Payable

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Traded in Other Exchanges

TPL:USA

Address

1700 Pacific Avenue, Suite 2900, Dallas, TX, USA, 75201

Website

https://www.texaspacific.com

Texas Pacific Land Corp is mainly engaged in sales and leases of land owned, retaining oil and gas royalties, and the overall management of the land owned. It operates its business in two segments including Land and Resource Management and Water Service and Operations. The Land and Resource Management segment focuses on managing its oil and gas royalty interest and surface acres located in 19 different counties. The Water Service and Operations segment includes Water Sourcing, Produced Water Gathering / Treatment / Recycling, Infrastructure Development, Produced Water Disposal, Water Tracking / Analytics / Well Testing.

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