SPND (Spindletop Oil & Gas Co) Days Payable : 0.00 (As of Sep. 2024)

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What is Spindletop Oil & Gas Co Days Payable?

Spindletop Oil & Gas Co's average Accounts Payable for the three months ended in Sep. 2024 was $0.00 Mil. Spindletop Oil & Gas Co's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.60 Mil. Hence, Spindletop Oil & Gas Co's Days Payable for the three months ended in Sep. 2024 was 0.00.

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

SPND' s Days Payable Range Over the Past 10 Years
Min: 81.44 Med: 247 Max: 645.05
Current: 645.05

During the past 13 years, Spindletop Oil & Gas Co's highest Days Payable was 645.05. The lowest was 81.44. And the median was 247.00.

SPND's Days Payable is ranked better than
92.49% of 866 companies
in the Oil & Gas industry
Industry Median: 60.255 vs SPND: 645.05

Spindletop Oil & Gas Co's Days Payable declined from Sep. 2023 (870.68) to Sep. 2024 (0.00). It may suggest that Spindletop Oil & Gas Co accelerated paying its suppliers.

Spindletop Oil & Gas Co Days Payable Historical Data

The historical data trend for Spindletop Oil & Gas Co'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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Spindletop Oil & Gas Co Days Payable Chart

Spindletop Oil & Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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249.23

325.51

405.93

275.32

266.49

Spindletop Oil & Gas Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															870.68	360.34	962.43	617.63	-

Competitive Comparison of Spindletop Oil & Gas Co's Days Payable

For the Oil & Gas E&P subindustry, Spindletop Oil & Gas Co'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.

Spindletop Oil & Gas Co's Days Payable Distribution in the Oil & Gas Industry

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

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

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Spindletop Oil & Gas Co 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.

Spindletop Oil & Gas Co'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
=	( (1.983	+	1.834)	/	2 )	/	2.614	*	365
=	1.9085					/	2.614	*	365
=	266.49

Spindletop Oil & Gas Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.597	*	365 / 4
=	0					/	0.597	*	365 / 4
=	0.00

Spindletop Oil & Gas Co Days Payable Related Terms

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Spindletop Oil & Gas Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Spindletop Oil & Gas Co (OTCPK:SPND) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

12850 Spurling Road, Suite 200, One Spindletop Centre, Dallas, TX, USA, 75230

Website

https://wwww.spindletopoil.com

Spindletop Oil & Gas Co is an independent oil and gas company. The firm has three business segments: oil and gas exploration, acquisition, production, and operations; transportation and compression of natural gas and commercial real estate investment. The company generates maximum revenue from the oil and gas exploration, acquisition, production, and operations segment.

Executives

Paul E. Cash

other: Former Director

347 TRIPP RD., SUNNYVALE TX 75182

Spindletop Oil & Gas Co Headlines

From GuruFocus

SPINDLETOP OIL & GAS CO. Announces Board Review of Strategic Alternatives

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