VYEY (Victory Oilfield Tech) Accounts Payable: $0.36 Mil (As of Sep. 2024)

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What is Victory Oilfield Tech Accounts Payable?

Victory Oilfield Tech VYEY Accounts Payable is $0.36 Mil as of Sep. 2024.

Victory Oilfield Tech's Accounts Payable for the quarter that ended in Sep. 2024 was $0.36 Mil.

Victory Oilfield Tech's quarterly Accounts Payable declined from Mar. 2024 ($0.38 Mil) to Jun. 2024 ($0.27 Mil) but then increased from Jun. 2024 ($0.27 Mil) to Sep. 2024 ($0.36 Mil).

Victory Oilfield Tech's annual Accounts Payable declined from Dec. 2021 ($0.10 Mil) to Dec. 2022 ($0.06 Mil) but then increased from Dec. 2022 ($0.06 Mil) to Dec. 2023 ($0.33 Mil).

Victory Oilfield Tech Accounts Payable Related Terms

Victory Oilfield Tech Accounts Payable Historical Data

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The historical data trend for Victory Oilfield Tech's Accounts 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.

Victory Oilfield Tech Accounts Payable Chart

Victory Oilfield Tech Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.72 0.54 0.10 0.06 0.33

Victory Oilfield Tech Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Accounts 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 0.22 0.33 0.38 0.27 0.36

Victory Oilfield Tech Accounts Payable Calculation

Accounts Payable represents any money that a company owes its suppliers for goods and services purchased on credit and is expected to pay within the next year or operating cycle.

Frequently Asked Questions Learn more about Accounts Payable →
What does a Accounts Payable of $0.36 Mil mean?
Victory Oilfield Tech (VYEY) has a Accounts Payable of $0.36 Mil as of Sep. 2024. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on Victory Oilfield Tech and its competitors.
Is Victory Oilfield Tech's Accounts Payable too high?
Victory Oilfield Tech's current Accounts Payable is $0.36 Mil.
How does Victory Oilfield Tech's Accounts Payable compare to LEEN and SPOWF?
Victory Oilfield Tech's Accounts Payable of $0.36 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Payable for an Oil & Gas company?
A good Accounts Payable depends on the Oil & Gas industry context. However, Accounts Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Payable mean?
A high Accounts Payable can signal that a stock is expensive relative to its fundamentals. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on Victory Oilfield Tech and its competitors. Victory Oilfield Tech's current Accounts Payable is $0.36 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victory Oilfield Tech stock overvalued right now?
Victory Oilfield Tech (VYEY) has a current Accounts Payable of $0.36 Mil. The current Accounts Payable is $0.36 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Payable calculated?
Accounts Payable is calculated from a company's financial statements. For Victory Oilfield Tech (VYEY), the current Accounts Payable is $0.36 Mil as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Victory Oilfield Tech Business Description

Industry EnergyOil & Gas
Address 3355 Bee Caves Road, Suite 608, Austin, TX, USA, 78746
Victory Oilfield Tech Inc is an oilfield energy-tech products company focused on improving well performance and extending the lifespan of the industry's most sophisticated and expensive equipment. The company's products include solutions for drill-pipe, production tubing, and radio frequency identification (RFID) enclosures. The company's only reportable segment is Hardband Services. Hardband Services provides various hardbanding solutions to oilfield operators for drill pipe, weight pipe, tubing, and drill collars.