OKMN (Okmin Resources) Days Payable: 315.23 (As of Mar. 2026) — 323% Above Median

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What is Okmin Resources Days Payable?

Okmin Resources OKMN Days Payable is 315.23 as of Mar. 2026, which is 323% above its 10-year median of 74.59. The stock has 2 warning signs investors should review. Among 851 Oil & Gas companies, Okmin Resources ranks better than 91.19% on this metric.

Okmin Resources's average Accounts Payable for the three months ended in Mar. 2026 was $0.04 Mil. Okmin Resources's Cost of Goods Sold for the three months ended in Mar. 2026 was $0.01 Mil. Hence, Okmin Resources's Days Payable for the three months ended in Mar. 2026 was 315.23.

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

OKMN' s Days Payable Range Over the Past 10 Years
Min: 1.4   Med: 74.59   Max: 353.47
Current: 353.47

During the past 5 years, Okmin Resources's highest Days Payable was 353.47. The lowest was 1.40. And the median was 74.59.

OKMN's Days Payable is ranked better than
91.19% of 851 companies
in the Oil & Gas industry
Industry Median: 57.95 vs OKMN: 353.47

Okmin Resources's Days Payable increased from Mar. 2025 (314.81) to Mar. 2026 (315.23). It may suggest that Okmin Resources delayed paying its suppliers.


Okmin Resources Days Payable Historical Data

* Premium members only.

The historical data trend for Okmin 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.

Okmin Resources Days Payable Chart

Okmin Resources Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25
Days Payable
0.00 18.25 1.40 130.92 280.12

Okmin Resources Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 Premium Member Only Premium Member Only 314.81 262.34 469.29 444.84 315.23

OKMN vs HGTXU, MTR, PGNYF: Days Payable Comparison

For the Oil & Gas E&P subindustry, Okmin 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.


Okmin Resources Days Payable vs Oil & Gas Industry

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

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



Okmin 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.

Okmin Resources's Days Payable for the fiscal year that ended in Jun. 2025 is calculated as

Days Payable (A: Jun. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2024 ) + Accounts Payable (A: Jun. 2025 )) / count ) / Cost of Goods Sold (A: Jun. 2025 )*Days in Period
=( (0.033 + 0.033) / 2 ) / 0.043*365
=0.033 / 0.043*365
=280.12

Okmin Resources's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (0.039 + 0.037) / 2 ) / 0.011*365 / 4
=0.038 / 0.011*365 / 4
=315.23

* 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 315.23 mean?
Okmin Resources (OKMN) has a Days Payable of 315.23 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Okmin Resources and its competitors. This is 323% above median its historical median of 74.59. Over the past decade, Okmin Resources' Days Payable has ranged from 1.40 to 353.47. According to the industry distribution chart, Okmin Resources ranks #75 out of 851 companies in the Oil & Gas industry, placing it in the top 8.8%.
Is Okmin Resources' Days Payable too high?
Okmin Resources' current Days Payable of 315.23 is 323% above median its 10-year median of 74.59. Over the past 10 years, this metric has ranged from a low of 1.40 to a high of 353.47. The Oil & Gas industry median Days Payable is 57.95. Okmin Resources' value of 315.23 is 444% above this industry median. Based on the distribution chart, Okmin Resources ranks #75 out of 851 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers.
How does Okmin Resources' Days Payable compare to HGTXU and MTR?
According to the Oil & Gas industry distribution chart, Okmin Resources ranks #75 out of 851 companies for Days Payable. This places Okmin Resources in the top 9% of its industry — outperforming the majority of peers. The industry median Days Payable is 57.95. Okmin Resources' value of 315.23 is 444% above this benchmark. Historically, Okmin Resources' own Days Payable has ranged from 1.40 to 353.47 over the past decade. While the company's 10-year median is 74.59 vs. the industry median of 57.95, Okmin Resources 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 57.95, based on 851 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. Okmin Resources's current Days Payable of 315.23 is 444% 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 Okmin Resources 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. Okmin Resources's current Days Payable is 315.23, which is 323% above median its own 10-year median of 74.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Okmin Resources stock overvalued right now?
Okmin Resources (OKMN) has a current Days Payable of 315.23. The current Days Payable is 315.23, which is 323% above median its 10-year median of 74.59 and 444% 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 Okmin Resources (OKMN), the current Days Payable is 315.23 as of Mar. 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.

Okmin Resources Business Description

Industry EnergyOil & Gas
Address 16501 Ventura Boulevard, Suite 400, Encino, Los Angeles, CA, USA, 91436
Okmin Resources Inc is a natural resource exploration stage company that seeks to acquire, explore, and develop natural resource assets. It engages in the business of the acquisition, exploration, and development of mineral rights and natural resource assets. The company's projects are located in Oklahoma and Kansas. Its projects comprise the Vitt Project in Kansas, the West Sheppard Pool Field in Northeast Oklahoma, and Pushmataha in Southeast Oklahoma.