AMEN Properties (AMEN Properties) Days Payable : 47.56 (As of Mar. 2023)

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What is AMEN Properties Days Payable?

AMEN Properties's average Accounts Payable for the three months ended in Mar. 2023 was $0.23 Mil. AMEN Properties's Cost of Goods Sold for the three months ended in Mar. 2023 was $0.45 Mil. Hence, AMEN Properties's Days Payable for the three months ended in Mar. 2023 was 47.56.

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

AMEN's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 61.48
* Ranked among companies with meaningful Days Payable only.

AMEN Properties's Days Payable increased from Mar. 2022 (31.55) to Mar. 2023 (47.56). It may suggest that AMEN Properties delayed paying its suppliers.

AMEN Properties Days Payable Historical Data

The historical data trend for AMEN Properties'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.

AMEN Properties Days Payable Chart

AMEN Properties Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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12.67

12.22

65.93

36.36

53.76

AMEN Properties Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Payable	Get a 7-Day Free Trial															31.55	24.17	23.89	50.19	47.56

Competitive Comparison of AMEN Properties's Days Payable

For the Oil & Gas E&P subindustry, AMEN Properties'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.

AMEN Properties's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where AMEN Properties's Days Payable falls into.

AMEN Properties 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.

AMEN Properties's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.133	+	0.3)	/	2 )	/	1.47	*	365
=	0.2165					/	1.47	*	365
=	53.76

AMEN Properties's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (0.3	+	0.167)	/	2 )	/	0.448	*	365 / 4
=	0.2335					/	0.448	*	365 / 4
=	47.56

AMEN Properties Days Payable Related Terms

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AMEN Properties (AMEN Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » AMEN Properties Inc (OTCPK:AMEN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 835451, Richardson, TX, USA, 75080

Website

http://www.amenproperties.com

AMEN Properties Inc acquires investments in commercial real estate, natural gas properties, and other energy-related business properties. It derives revenue from oil and gas.

Executives

Jon M Morgan	officer: Chief Executive Officer	303 W WALL, SUITE 1700, MIDLAND TX 79701
Blake Donald M Jr	director	298 5TH AVENUE, NEW YORK NY 10001
Randy G Nicholson	director	1202 ESTATES DRIVE SUITE D, ABILENE TX 79602
Earl Gjelde	director	790 ROSE ACRES COURT, LOVELAND CO 80537
Eric L Oliver	director	303 W WALL, SUITE 1700, MIDLAND TX 79701
Bruce E Edgington	director	303 W WALL, SUITE 2300, MIDLAND TX 79701
Jesse T Correll	director
John Bick	officer: Managing Principal	1409 CROWLEY ROAD, ARLINGTON TX 76012
Kris Lawson Oliver	officer: Chief Financial Officer	303 W. WALL STREET, SUITE 1700, MIDLAND TX 79701
Kevin Yung	officer: Chief Operating Officer	303 W. WALL STREET, SUITE 2300, MIDLAND TX 79701
Padraig Ennis	officer: Vice President	2821 MARMON, MIDLAND TX 79705
John M James	officer: Chief Financial Officer	4485 HACKBERRY, MIDLAND TX 79707
Eric Boyt	other: Former Chief Financial Officer

AMEN Properties (AMEN Properties) Headlines

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