Xstate Resources (ASX:XST) Days Payable : 30.65 (As of Dec. 2023)

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What is Xstate Resources Days Payable?

Xstate Resources's average Accounts Payable for the six months ended in Dec. 2023 was A$0.97 Mil. Xstate Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was A$5.80 Mil. Hence, Xstate Resources's Days Payable for the six months ended in Dec. 2023 was 30.65.

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

ASX:XST' s Days Payable Range Over the Past 10 Years
Min: 1.78 Med: 6.41 Max: 298.88
Current: 41.88

During the past 13 years, Xstate Resources's highest Days Payable was 298.88. The lowest was 1.78. And the median was 6.41.

ASX:XST's Days Payable is ranked worse than
65.18% of 896 companies
in the Oil & Gas industry
Industry Median: 61.27 vs ASX:XST: 41.88

Xstate Resources's Days Payable increased from Dec. 2022 (0.83) to Dec. 2023 (30.65). It may suggest that Xstate Resources delayed paying its suppliers.

Xstate Resources Days Payable Historical Data

The historical data trend for Xstate Resources'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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Xstate Resources Days Payable Chart

Xstate Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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6.96

1.78

5.85

Xstate Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															3.44	-	0.83	-	30.65

Competitive Comparison of Xstate Resources's Days Payable

For the Oil & Gas E&P subindustry, Xstate Resources'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.

Xstate Resources's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Xstate Resources's Days Payable falls into.

Xstate Resources 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.

Xstate Resources'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
=	( (0.048	+	0.138)	/	2 )	/	5.801	*	365
=	0.093					/	5.801	*	365
=	5.85

Xstate Resources'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.811	+	0.138)	/	2 )	/	5.802	*	365 / 2
=	0.9745					/	5.802	*	365 / 2
=	30.65

Xstate Resources Days Payable Related Terms

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Xstate Resources (ASX:XST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Xstate Resources Ltd (ASX:XST) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 1, 31 Cliff Street, Fremantle, WA, AUS, 6160

Website

https://www.xstateresources.com.au

Xstate Resources Ltd is engaged in oil and gas exploration. The Group currently operates in three operating segments: (i) Oil & gas exploration activities on-shore the United States of America, (ii) Oil & gas exploration activities on-shore Austria, and (iii) Oil & gas production activities on-shore Canada. It holds various working interests in a small number of producing gas wells and, more importantly, associated land leases and production and pipeline access equipment in the Sacramento Basin, California.

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