WTXR (West Texas Resources) Days Payable: 15,056.25 (As of Sep. 2023)

What is West Texas Resources Days Payable?

West Texas Resources WTXR +46.39% Days Payable is 15,056.25 as of Sep. 2023.

West Texas Resources's average Accounts Payable for the three months ended in Sep. 2023 was $0.17 Mil. West Texas Resources's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.00 Mil. Hence, West Texas Resources's Days Payable for the three months ended in Sep. 2023 was 15,056.25.

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

WTXR's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 57.84
* Ranked among companies with meaningful Days Payable only.

West Texas Resources's Days Payable increased from Mar. 2017 (1,834.13) to Sep. 2023 (15,056.25). It may suggest that West Texas Resources delayed paying its suppliers.

West Texas Resources Days Payable Related Terms

West Texas Resources Days Payable Historical Data

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The historical data trend for West Texas Resources'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.

West Texas Resources Days Payable Chart

West Texas Resources Annual Data

Trend

Sep11

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Days Payable

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West Texas Resources Quarterly Data
	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Sep22	Sep23
Days Payable	Get a 7-Day Free Trial															1,834.13	1,419.44	2,387.71	14,782.50	15,056.25

WTXR vs GSPE, FECOF, VBHI: Days Payable Comparison

For the Oil & Gas E&P subindustry, West Texas Resources'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.

West Texas Resources Days Payable vs Oil & Gas Industry

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

* The bar in red indicates where West Texas Resources's Days Payable falls into.

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West Texas Resources 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.

West Texas Resources's Days Payable for the fiscal year that ended in Sep. 2016 is calculated as

	Days Payable (A: Sep. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2015 )	+	Accounts Payable (A: Sep. 2016 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2016 )	*	Days in Period
=	( (0.059	+	0.168)	/	2 )	/	0	*	365
=	0.1135					/	0	*	365
=	N/A

West Texas Resources's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2022 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	0.165)	/	1 )	/	0.001	*	365 / 4
=	0.165					/	0.001	*	365 / 4
=	15,056.25

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 15,056.25 mean?

West Texas Resources (WTXR) has a Days Payable of 15,056.25 as of Sep. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on West Texas Resources and its competitors.

Is West Texas Resources' Days Payable too high?

West Texas Resources' current Days Payable is 15,056.25. The Oil & Gas industry median Days Payable is 57.84. West Texas Resources' value of 15,056.25 is 25930.9% above this industry median.

How does West Texas Resources' Days Payable compare to GSPE and FECOF?

West Texas Resources' Days Payable of 15,056.25 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.84. West Texas Resources' value of 15,056.25 is 25930.9% 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 Oil & Gas company?

The median Days Payable among Oil & Gas companies is 57.84, based on 852 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. West Texas Resources's current Days Payable of 15,056.25 is 25930.9% 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 West Texas Resources and its competitors. For the Oil & Gas industry, the median Days Payable is 57.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. West Texas Resources's current Days Payable is 15,056.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is West Texas Resources stock overvalued right now?

West Texas Resources (WTXR) has a current Days Payable of 15,056.25. The current Days Payable is 15,056.25 and 25930.9% above the Oil & Gas industry median of 57.84. 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 West Texas Resources (WTXR), the current Days Payable is 15,056.25 as of Sep. 2023. 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.

West Texas Resources Business Description

Industry Energy Oil & Gas

Comparable Companies GSPE FECOF VBHI ALTX AMNI MMEX BBLS ROYL SPOWF DBRM COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN

Address 2628 TX 36 South, Suite 307, Brenham, TX, USA, 77833

Website https://www.westtexasresourcesinc.com

West Texas Resources Inc is a United States-based company engaged in the acquisition, exploration, and development of oil and gas properties in North America. The company generates income from leased interests in oil properties in North America.