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Altex IndustriesALTX 20 Days Payable is 91.25 as of Jun. 2026, which is 48% below its 10-year median of 175.57. GuruFocus rates ALTX with a GF Score™ of 20/100 and a GF Value™ of $0.23 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 858 Oil & Gas companies, Altex Industries ranks better than 88.69% on this metric.
The historical data trend for Altex Industries'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.
ALTX vs CRCE, FECOF, ROYL: Days Payable Comparison
For the Oil & Gas E&P subindustry, Altex Industries'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.
Altex Industries Days Payable vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Altex Industries's Days Payable distribution charts can be found below:
* The bar in red indicates where Altex Industries's Days Payable falls into.
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.
Altex Industries's Days Payable for the fiscal year that ended in Sep. 2025 is calculated as
* 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.
Altex Industries (ALTX) has a Days Payable of 91.25 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Altex Industries and its competitors. This is 48% below median its historical median of 175.57. Over the past decade, Altex Industries' Days Payable has ranged from 87.28 to 438.00. According to the industry distribution chart, Altex Industries ranks #97 out of 858 companies in the Oil & Gas industry, placing it in the top 11.3%.
Is Altex Industries' Days Payable too high?
Altex Industries' current Days Payable of 91.25 is 48% below median its 10-year median of 175.57. Over the past 10 years, this metric has ranged from a low of 87.28 to a high of 438.00. The Oil & Gas industry median Days Payable is 59.64. Altex Industries' value of 91.25 is 53% above this industry median. Based on the distribution chart, Altex Industries ranks #97 out of 858 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Altex Industries has a GF Score™ of 20/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Altex Industries' Days Payable compare to CRCE and FECOF?
According to the Oil & Gas industry distribution chart, Altex Industries ranks #97 out of 858 companies for Days Payable. This places Altex Industries in the top 11% of its industry — outperforming the majority of peers. The industry median Days Payable is 59.64. Altex Industries' value of 91.25 is 53% above this benchmark. Historically, Altex Industries' own Days Payable has ranged from 87.28 to 438.00 over the past decade. While the company's 10-year median is 175.57 vs. the industry median of 59.64, Altex Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Oil & Gas company?
The median Days Payable among Oil & Gas companies is 59.64, based on 858 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Altex Industries's current Days Payable of 91.25 is 53% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Altex Industries and its competitors. For the Oil & Gas industry, the median Days Payable is 59.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altex Industries's current Days Payable is 91.25, which is 48% below median its own 10-year median of 175.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altex Industries stock overvalued right now?
Based on GuruFocus' analysis, Altex Industries (ALTX) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.23, compared to a current price of $0.17 — trading 26.1% below its estimated fair value. The current Days Payable is 91.25, which is 48% below median its 10-year median of 175.57 and 53% above the Oil & Gas industry median of 59.64. Altex Industries' overall GF Score™ is 20/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Altex Industries (ALTX), the current Days Payable is 91.25 as of Jun. 2026. 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.
Is Altex Industries (ALTX) Overvalued in 2026?
Based on GuruFocus' analysis, Altex Industries stock appears to be undervalued.
The current stock price of $0.17 is trading 26.1% below its estimated GF Value™ of $0.23.
GuruFocus considers Altex Industries to be Modestly Undervalued.
Key valuation signals for ALTX:
Days Payable: 91.25 (48% below median its 10-year median of 175.57)
GF Value™: $0.23 vs. price of $0.17 (26.1% below fair value)
Industry Position: 53% above the Oil & Gas median (#97 of 858)
No single metric tells the full story. See the ALTX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Altex Industries Inc. is a USA-based holding company. Through its wholly-owned subsidiary, it owns interests in productive onshore oil and gas properties, has bought and sold producing oil and gas properties, and has participated in the drilling of exploratory and development wells, and the completion of existing wells in Utah and Wyoming. The Company's revenue is from sales of oil and gas production, interest income, and, occasionally, bonus payments for mineral leases.
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