TXNM Energy (STU:98P) Days Payable : 69.34 (As of Jun. 2024)

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What is TXNM Energy Days Payable?

TXNM Energy's average Accounts Payable for the three months ended in Jun. 2024 was €127 Mil. TXNM Energy's Cost of Goods Sold for the three months ended in Jun. 2024 was €167 Mil. Hence, TXNM Energy's Days Payable for the three months ended in Jun. 2024 was 69.34.

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

STU:98P' s Days Payable Range Over the Past 10 Years
Min: 59.88 Med: 70.22 Max: 85.93
Current: 74.72

During the past 13 years, TXNM Energy's highest Days Payable was 85.93. The lowest was 59.88. And the median was 70.22.

STU:98P's Days Payable is ranked better than
56.92% of 506 companies
in the Utilities - Regulated industry
Industry Median: 66.1 vs STU:98P: 74.72

TXNM Energy's Days Payable increased from Jun. 2023 (62.50) to Jun. 2024 (69.34). It may suggest that TXNM Energy delayed paying its suppliers.

TXNM Energy Days Payable Historical Data

The historical data trend for TXNM Energy'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.

* Premium members only.

TXNM Energy Days Payable Chart

TXNM Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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69.89

88.01

76.32

60.69

87.23

TXNM Energy Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															62.50	59.81	82.96	99.80	69.34

Competitive Comparison of TXNM Energy's Days Payable

For the Utilities - Regulated Electric subindustry, TXNM Energy'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.

TXNM Energy's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, TXNM Energy's Days Payable distribution charts can be found below:

* The bar in red indicates where TXNM Energy's Days Payable falls into.

TXNM Energy 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.

TXNM Energy'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
=	( (203.628	+	188.145)	/	2 )	/	819.68	*	365
=	195.8865					/	819.68	*	365
=	87.23

TXNM Energy's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (122.792	+	130.342)	/	2 )	/	166.561	*	365 / 4
=	126.567					/	166.561	*	365 / 4
=	69.34

TXNM Energy Days Payable Related Terms

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TXNM Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » TXNM Energy Inc (STU:98P) » Definitions » Days Payable

Comparable Companies

NWE MGEE POR IDA HE OKLO GNE SUME OGE PNW NEE SO DUK LSE:NG. AEP PCG D BOM:532555 PEG EXC

Traded in Other Exchanges

PNM:USA

Address

414 Silver Avenue SW, Albuquerque, NM, USA, 87102-3289

Website

https://www.pnmresources.com

PNM Resources Inc, or PNMR, is a holding company that owns regulated utilities companies providing electricity and electric services. PNMR segments its operations by its two subsidiaries, PNM and TNMP. PNM provides electric generation, transmission, and distribution services mainly to areas of New Mexico. While PNM uses a variety of fuel sources across its power plant portfolio, its coal and gas-fueled sites produce most of the energy. TNMP owns and operates transmission and distribution services primarily in small to medium-sized communities in Texas. Both subsidiaries generate revenue for PNMR through the sale of electricity and transmission service fees fairly evenly split between residential and commercial customers. PNM generates the vast majority of PNMR's total revenue.

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