IXOG (Index Oil & Gas) Days Payable: 284.85 (As of Mar. 2009)


What is Index Oil & Gas Days Payable?

Index Oil & Gas IXOG -99.86% Days Payable is 284.85 as of Mar. 2009.

Index Oil & Gas's average Accounts Payable for the three months ended in Mar. 2009 was $0.23 Mil. Index Oil & Gas's Cost of Goods Sold for the three months ended in Mar. 2009 was $0.07 Mil. Hence, Index Oil & Gas's Days Payable for the three months ended in Mar. 2009 was 284.85.

The historical rank and industry rank for Index Oil & Gas's Days Payable or its related term are showing as below:

IXOG's Days Payable is not ranked *
in the Oil & Gas industry.
Industry Median: 57.95
* Ranked among companies with meaningful Days Payable only.

Index Oil & Gas's Days Payable declined from Mar. 2008 (554.58) to Mar. 2009 (284.85). It may suggest that Index Oil & Gas accelerated paying its suppliers.

Index Oil & Gas Days Payable Historical Data

* Premium members only.

The historical data trend for Index Oil & Gas'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.

Index Oil & Gas Days Payable Chart

Index Oil & Gas Annual Data
Trend Dec04 Dec05 Mar06 Mar07 Mar08 Mar09
Days Payable
Get a 7-Day Free Trial 3,634.13 3,406.67 2,172.54 1,104.61 531.95

Index Oil & Gas Quarterly Data
Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09
Days 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 554.58 319.86 226.11 110.64 284.85

IXOG vs FPPP, UNGS, GBEYF: Days Payable Comparison

For the Oil & Gas E&P subindustry, Index Oil & Gas'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.

Index Oil & Gas Days Payable vs Oil & Gas Industry

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

* The bar in red indicates where Index Oil & Gas's Days Payable falls into.


Index Oil & Gas 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.

Index Oil & Gas's Days Payable for the fiscal year that ended in Mar. 2009 is calculated as

Days Payable (A: Mar. 2009 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2008 ) + Accounts Payable (A: Mar. 2009 )) / count ) / Cost of Goods Sold (A: Mar. 2009 )*Days in Period
=( (1.026 + 0) / 1 ) / 0.704*365
=1.026 / 0.704*365
=531.95

Index Oil & Gas's Days Payable for the quarter that ended in Mar. 2009 is calculated as:

Days Payable (Q: Mar. 2009 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2008 ) + Accounts Payable (Q: Mar. 2009 )) / count ) / Cost of Goods Sold (Q: Mar. 2009 )*Days in Period
=( (0.231 + 0) / 1 ) / 0.074*365 / 4
=0.231 / 0.074*365 / 4
=284.85

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 284.85 mean?
Index Oil & Gas (IXOG) has a Days Payable of 284.85 as of Mar. 2009. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Index Oil & Gas and its competitors.
Is Index Oil & Gas' Days Payable too high?
Index Oil & Gas' current Days Payable is 284.85. The Oil & Gas industry median Days Payable is 57.95. Index Oil & Gas' value of 284.85 is 391.5% above this industry median.
How does Index Oil & Gas' Days Payable compare to FPPP and UNGS?
Index Oil & Gas' Days Payable of 284.85 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.95. Index Oil & Gas' value of 284.85 is 391.5% above this benchmark. 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 57.95, based on 849 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. Index Oil & Gas's current Days Payable of 284.85 is 391.5% 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 Index Oil & Gas and its competitors. For the Oil & Gas industry, the median Days Payable is 57.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Index Oil & Gas's current Days Payable is 284.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Index Oil & Gas stock overvalued right now?
Index Oil & Gas (IXOG) has a current Days Payable of 284.85. The current Days Payable is 284.85 and 391.5% above the Oil & Gas industry median of 57.95. 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 Index Oil & Gas (IXOG), the current Days Payable is 284.85 as of Mar. 2009. 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.

Index Oil & Gas Business Description

Industry EnergyOil & Gas
Address 10000 Memorial Drive, Suite 440, Houston, TX, USA, 77024
Index Oil & Gas Inc is an independent oil and natural gas company engaged in the acquisition, exploration, development, production and sale of oil and natural gas properties. It focuses on prolific petroleum system of the onshore Gulf Coast of Texas and Louisiana.