TXGE (Texas Gulf Energy) Days Payable: 53.88 (As of Sep. 2014)

What is Texas Gulf Energy Days Payable?

Texas Gulf Energy TXGE Days Payable is 53.88 as of Sep. 2014.

Texas Gulf Energy's average Accounts Payable for the three months ended in Sep. 2014 was $0.45 Mil. Texas Gulf Energy's Cost of Goods Sold for the three months ended in Sep. 2014 was $0.76 Mil. Hence, Texas Gulf Energy's Days Payable for the three months ended in Sep. 2014 was 53.88.

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

TXGE's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 57.145
* Ranked among companies with meaningful Days Payable only.

Texas Gulf Energy's Days Payable declined from Sep. 2013 (90.90) to Sep. 2014 (53.88). It may suggest that Texas Gulf Energy accelerated paying its suppliers.

Texas Gulf Energy Days Payable Related Terms

Texas Gulf Energy Days Payable Historical Data

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The historical data trend for Texas Gulf 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.

Texas Gulf Energy Days Payable Chart

Texas Gulf Energy Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Days Payable

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0.00

3.23

2.87

13.22

51.91

Texas Gulf Energy Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Days Payable	Get a 7-Day Free Trial															90.90	76.75	74.59	48.05	53.88

TXGE vs BMMCF, ESES, BRSWQ: Days Payable Comparison

For the Oil & Gas Equipment & Services subindustry, Texas Gulf 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.

Texas Gulf Energy Days Payable vs Oil & Gas Industry

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

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

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Texas Gulf 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.

Texas Gulf Energy's Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

	Days Payable (A: Dec. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2012 )	+	Accounts Payable (A: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2013 )	*	Days in Period
=	( (1.293	+	0.917)	/	2 )	/	7.77	*	365
=	1.105					/	7.77	*	365
=	51.91

Texas Gulf Energy's Days Payable for the quarter that ended in Sep. 2014 is calculated as:

	Days Payable (Q: Sep. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2014 )	+	Accounts Payable (Q: Sep. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2014 )	*	Days in Period
=	( (0.561	+	0.34)	/	2 )	/	0.763	*	365 / 4
=	0.4505					/	0.763	*	365 / 4
=	53.88

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 53.88 mean?

Texas Gulf Energy (TXGE) has a Days Payable of 53.88 as of Sep. 2014. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Texas Gulf Energy and its competitors.

Is Texas Gulf Energy's Days Payable too high?

Texas Gulf Energy's current Days Payable is 53.88. The Oil & Gas industry median Days Payable is 57.15. Texas Gulf Energy's value of 53.88 is 5.7% below this industry median.

How does Texas Gulf Energy's Days Payable compare to BMMCF and ESES?

Texas Gulf Energy's Days Payable of 53.88 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.15. Texas Gulf Energy's value of 53.88 is 5.7% below 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 57.15, based on 854 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. Texas Gulf Energy's current Days Payable of 53.88 is 5.7% below 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 Texas Gulf Energy and its competitors. For the Oil & Gas industry, the median Days Payable is 57.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Texas Gulf Energy's current Days Payable is 53.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Texas Gulf Energy stock overvalued right now?

Texas Gulf Energy (TXGE) has a current Days Payable of 53.88. The current Days Payable is 53.88 and 5.7% below the Oil & Gas industry median of 57.15. 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 Texas Gulf Energy (TXGE), the current Days Payable is 53.88 as of Sep. 2014. 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.

Texas Gulf Energy Business Description

Industry Energy Oil & Gas

Comparable Companies BMMCF ESES BRSWQ TSXV:NWE TSXV:HYD FLSS BOM:526614 BSE:COMI TSXV:DAL TSX:BRY TSX:HE SGX:42D BOM:531471 BSE:UZT PKDSQ GLFH ALYE BSP:OSXB3 SGX:5OQ TSXV:ZDC

Address 1602 Old Underwood Road, La Porte, TX, USA, 77571

Website http://www.tgnrg.com

Texas Gulf Energy Inc is active in the oil and gas industry domain. It is engaged in providing construction, maintenance, turnaround management, professional services, project management services, and fabrication and field services. The company offers services to the refining, chemicals, liquefied natural gas, oil and gas, and midstream and upstream industries.