TX Rail Products (TX Rail Products) Days Payable : 0.00 (As of Sep. 2020)

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What is TX Rail Products Days Payable?

TX Rail Products's average Accounts Payable for the three months ended in Sep. 2020 was $0.29 Mil. TX Rail Products's Cost of Goods Sold for the three months ended in Sep. 2020 was $0.00 Mil.

The historical rank and industry rank for TX Rail Products's Days Payable or its related term are showing as below:

TXRP's Days Payable is not ranked ^*
in the Industrial Distribution industry.
Industry Median: 52.24
* Ranked among companies with meaningful Days Payable only.

TX Rail Products's Days Payable declined from Dec. 2018 (58.61) to Sep. 2020 (0.00). It may suggest that TX Rail Products accelerated paying its suppliers.

TX Rail Products Days Payable Historical Data

The historical data trend for TX Rail Products'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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TX Rail Products Days Payable Chart

TX Rail Products Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Days Payable

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155.16

102.73

67.90

46.86

55.70

TX Rail Products Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Sep20
Days Payable	Get a 7-Day Free Trial															58.61	60.67	66.19	65.45	-

Competitive Comparison of TX Rail Products's Days Payable

For the Industrial Distribution subindustry, TX Rail Products'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.

TX Rail Products's Days Payable Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, TX Rail Products's Days Payable distribution charts can be found below:

* The bar in red indicates where TX Rail Products's Days Payable falls into.

TX Rail Products 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.

TX Rail Products's Days Payable for the fiscal year that ended in Sep. 2020 is calculated as

	Days Payable (A: Sep. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2019 )	+	Accounts Payable (A: Sep. 2020 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2020 )	*	Days in Period
=	( (0.321	+	0.254)	/	2 )	/	1.884	*	365
=	0.2875					/	1.884	*	365
=	55.70

TX Rail Products's Days Payable for the quarter that ended in Sep. 2020 is calculated as:

	Days Payable (Q: Sep. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2019 )	+	Accounts Payable (Q: Sep. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
=	( (0.321	+	0.254)	/	2 )	/	0	*	365 / 4
=	0.2875					/	0	*	365 / 4
=	N/A

TX Rail Products Days Payable Related Terms

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TX Rail Products (TX Rail Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » TX Rail Products Inc (OTCPK:TXRP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

12080 Virginia Boulevard, Ashland, KY, USA, 41102

Website

https://www.txholdings.com

TX Holdings Inc is engaged in the business of supplying, distributing and selling drill bits, related tools, and other mining supplies and rail material directly and through other suppliers to the United States coal mining industry which are used in production and transportation processes. The company's product profile includes Miner Bits, Block and Sleeves, and Miscellaneous parts.

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