TXLZF (Tesla Exploration) Days Payable: 17.19 (As of Mar. 2016)


What is Tesla Exploration Days Payable?

Tesla Exploration TXLZF -90.00% Days Payable is 17.19 as of Mar. 2016.

Tesla Exploration's average Accounts Payable for the three months ended in Mar. 2016 was $3.24 Mil. Tesla Exploration's Cost of Goods Sold for the three months ended in Mar. 2016 was $17.20 Mil. Hence, Tesla Exploration's Days Payable for the three months ended in Mar. 2016 was 17.19.

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

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

Tesla Exploration's Days Payable declined from Mar. 2015 (35.06) to Mar. 2016 (17.19). It may suggest that Tesla Exploration accelerated paying its suppliers.

Tesla Exploration Days Payable Historical Data

* Premium members only.

The historical data trend for Tesla Exploration'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.

Tesla Exploration Days Payable Chart

Tesla Exploration Annual Data
Trend Apr06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.18 40.59 36.39 42.18 36.78

Tesla Exploration Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
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 35.06 0.00 0.00 39.12 17.19

TXLZF vs SES, DPDW, BAS: Days Payable Comparison

For the Oil & Gas Equipment & Services subindustry, Tesla Exploration'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.

Tesla Exploration Days Payable vs Oil & Gas Industry

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

* The bar in red indicates where Tesla Exploration's Days Payable falls into.


Tesla Exploration 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.

Tesla Exploration's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable (A: Dec. 2015 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2014 ) + Accounts Payable (A: Dec. 2015 )) / count ) / Cost of Goods Sold (A: Dec. 2015 )*Days in Period
=( (7.96 + 5.869) / 2 ) / 68.624*365
=6.9145 / 68.624*365
=36.78

Tesla Exploration's Days Payable for the quarter that ended in Mar. 2016 is calculated as:

Days Payable (Q: Mar. 2016 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2015 ) + Accounts Payable (Q: Mar. 2016 )) / count ) / Cost of Goods Sold (Q: Mar. 2016 )*Days in Period
=( (5.869 + 0.612) / 2 ) / 17.198*365 / 4
=3.2405 / 17.198*365 / 4
=17.19

* 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 17.19 mean?
Tesla Exploration (TXLZF) has a Days Payable of 17.19 as of Mar. 2016. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Tesla Exploration and its competitors.
Is Tesla Exploration's Days Payable too high?
Tesla Exploration's current Days Payable is 17.19. The Oil & Gas industry median Days Payable is 57.95. Tesla Exploration's value of 17.19 is 70.3% below this industry median.
How does Tesla Exploration's Days Payable compare to SES and DPDW?
Tesla Exploration's Days Payable of 17.19 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.95. Tesla Exploration's value of 17.19 is 70.3% 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 57.95, 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. Tesla Exploration's current Days Payable of 17.19 is 70.3% 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 Tesla Exploration 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. Tesla Exploration's current Days Payable is 17.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tesla Exploration stock overvalued right now?
Tesla Exploration (TXLZF) has a current Days Payable of 17.19. The current Days Payable is 17.19 and 70.3% below 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 Tesla Exploration (TXLZF), the current Days Payable is 17.19 as of Mar. 2016. 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.

Tesla Exploration Business Description

Industry EnergyOil & Gas
Address 8A Street N.E, Suite 4500, Calgary, AB, CAN, T2E 4J7
Tesla Exploration Ltd is a Canada based geophysical services company. It provides seismic services in North America, Europe, Africa and other international locations. It operates through North American Land Seismic Acquisition, International Land Seismic Acquisition, and Offshore Marine Survey segments. The North American Land Seismic Acquisition and International Land Seismic Acquisition segments offer three dimensional (3D) program design, project management, and experience when acquiring two dimensional (2D) and 3D vibroseis, dynamite and airgun seismic surveys on all types of land terrain, rivers, and lakes. The Offshore Marine Survey segment offers a set of survey services, with project planning and survey design, data acquisition, interpretation and final report preparation.