TXRP (TX Rail Products) Days Payable: 65.45 (As of Sep. 2019)

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What is TX Rail Products Days Payable?

TX Rail Products TXRP Days Payable is 65.45 as of Sep. 2019.

TX Rail Products's average Accounts Payable for the three months ended in Sep. 2019 was $0.47 Mil. TX Rail Products's Cost of Goods Sold for the three months ended in Sep. 2019 was $0.65 Mil. Hence, TX Rail Products's Days Payable for the three months ended in Sep. 2019 was 65.45.

The historical rank and industry rank for TX Rail Products's Days Payable or its related term are showing as below:

TXRP's Days Payable is not ranked *
in the Industrial Distribution industry.
Industry Median: 56.295
* Ranked among companies with meaningful Days Payable only.

TX Rail Products's Days Payable declined from Sep. 2018 (82.44) to Sep. 2019 (65.45). It may suggest that TX Rail Products accelerated paying its suppliers.

TX Rail Products Days Payable Historical Data

* Premium members only.

The historical data trend for TX Rail Products'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.

TX Rail Products Days Payable Chart

TX Rail Products Annual Data
Trend Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 155.16 102.73 67.90 46.86 55.70

TX Rail Products Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Sep20
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 58.61 60.67 66.19 65.45 0.00

TXRP vs FAST, GWW, WSO: Days Payable Comparison

For the Industrial Distribution subindustry, TX Rail Products'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.

TX Rail Products Days Payable vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, TX Rail Products's Days Payable distribution charts can be found below:

* The bar in red indicates where TX Rail Products's Days Payable falls into.


TX Rail Products 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.

TX Rail Products's Days Payable for the fiscal year that ended in Sep. 2020 is calculated as

Days Payable (A: Sep. 2020 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2019 ) + Accounts Payable (A: Sep. 2020 )) / count ) / Cost of Goods Sold (A: Sep. 2020 )*Days in Period
=( (0.321 + 0.254) / 2 ) / 1.884*365
=0.2875 / 1.884*365
=55.70

TX Rail Products's Days Payable for the quarter that ended in Sep. 2019 is calculated as:

Days Payable (Q: Sep. 2019 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2019 ) + Accounts Payable (Q: Sep. 2019 )) / count ) / Cost of Goods Sold (Q: Sep. 2019 )*Days in Period
=( (0.61 + 0.321) / 2 ) / 0.649*365 / 4
=0.4655 / 0.649*365 / 4
=65.45

* 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 65.45 mean?
TX Rail Products (TXRP) has a Days Payable of 65.45 as of Sep. 2019. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on TX Rail Products and its competitors.
Is TX Rail Products' Days Payable too high?
TX Rail Products' current Days Payable is 65.45. The Industrial Distribution industry median Days Payable is 56.30. TX Rail Products' value of 65.45 is 16.3% above this industry median.
How does TX Rail Products' Days Payable compare to FAST and GWW?
TX Rail Products' Days Payable of 65.45 can be compared against companies in the Industrial Distribution industry. The industry median Days Payable is 56.30. TX Rail Products' value of 65.45 is 16.3% above 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 Industrial Distribution company?
The median Days Payable among Industrial Distribution companies is 56.30, based on 156 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. TX Rail Products's current Days Payable of 65.45 is 16.3% 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 TX Rail Products and its competitors. For the Industrial Distribution industry, the median Days Payable is 56.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TX Rail Products's current Days Payable is 65.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TX Rail Products stock overvalued right now?
TX Rail Products (TXRP) has a current Days Payable of 65.45. The current Days Payable is 65.45 and 16.3% above the Industrial Distribution industry median of 56.30. 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 TX Rail Products (TXRP), the current Days Payable is 65.45 as of Sep. 2019. 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.

TX Rail Products Business Description

Address 12080 Virginia Boulevard, Ashland, KY, USA, 41102
TX Rail Products Inc is in the business of supplying, distributing and selling rail material to domestic coal mining industry, short line railroads, and tunneling contractors.