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TXO Partners LP (TXO Partners LP) Days Sales Outstanding : 32.19 (As of Dec. 2023)


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What is TXO Partners LP Days Sales Outstanding?

TXO Partners LP's average Accounts Receivable for the three months ended in Dec. 2023 was $32.4 Mil. TXO Partners LP's Revenue for the three months ended in Dec. 2023 was $92.0 Mil. Hence, TXO Partners LP's Days Sales Outstanding for the three months ended in Dec. 2023 was 32.19.

The historical rank and industry rank for TXO Partners LP's Days Sales Outstanding or its related term are showing as below:

TXO' s Days Sales Outstanding Range Over the Past 10 Years
Min: 34.4   Med: 47.31   Max: 64.02
Current: 34.4

During the past 4 years, TXO Partners LP's highest Days Sales Outstanding was 64.02. The lowest was 34.40. And the median was 47.31.

TXO's Days Sales Outstanding is ranked better than
69.58% of 937 companies
in the Oil & Gas industry
Industry Median: 48.81 vs TXO: 34.40

TXO Partners LP's Days Sales Outstanding declined from Dec. 2022 (109.57) to Dec. 2023 (32.19).

TXO Partners LP Days Sales Outstanding Historical Data

The historical data trend for TXO Partners LP's Days Sales Outstanding 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.

TXO Partners LP Days Sales Outstanding Chart

TXO Partners LP Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
54.10 40.16 64.02 40.52

TXO Partners LP Quarterly Data
Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 109.57 24.22 46.93 41.20 32.19

Competitive Comparison of TXO Partners LP's Days Sales Outstanding

For the Oil & Gas E&P subindustry, TXO Partners LP's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

TXO Partners LP's Days Sales Outstanding Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, TXO Partners LP's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where TXO Partners LP's Days Sales Outstanding falls into.


TXO Partners LP Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

TXO Partners LP's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

Days Sales Outstanding (A: Dec. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )*Days in Period
=( (52.304 + 32.226) / 2 ) / 380.718*365
=42.265 / 380.718*365
=40.52

TXO Partners LP's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding (Q: Dec. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Sep. 2023 ) + Accounts Receivable (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )*Days in Period
=( (32.672 + 32.226) / 2 ) / 91.973*365 / 4
=32.449 / 91.973*365 / 4
=32.19

* 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.

TXO Partners LP  (NYSE:TXO) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

TXO Partners LP Days Sales Outstanding Related Terms

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TXO Partners LP (TXO Partners LP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TXO Partners LP (NYSE:TXO) » Definitions » Days Sales Outstanding
Comparable Companies
SD WTI BRY GPRK REPX VTS EGY GFR TELL GRNT COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN
Traded in Other Exchanges
N/A
Address
400 West 7th Street, Fort Worth, TX, USA, 76102
Website
https://www.txopartners.com
TXO Partners LP is focused on the acquisition, development, optimization and exploitation of oil, natural gas, and natural gas liquid reserves in North America.
Executives
Phillip R Kevil director, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
King Luther Capital Management Corp 10 percent owner 301 COMMERCE SUITE 1600, FORT WORTH TX 76102
Bob R Simpson director, 10 percent owner, officer: See Remarks, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Keith A Hutton director, 10 percent owner, officer: See Remarks, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Adams William H Iii director, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Global Endowment Management, Lp 10 percent owner 224 W TREMONT AVE, CHARLOTTE NC 28203
Lkcm Investment Partnership, L.p. 10 percent owner 301 COMMERCE STREET, SUITE 1600, FORT WORTH TX 76102
Lkcm Private Discipline Master Fund, Spc 10 percent owner PO BOX 309GT, UGLAND HOUSE, SOUTH CHURCH STREET, GRAND CAYMAN E9 00000
King J Luther Jr director, 10 percent owner, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Brent W. Clum director, officer: See Remarks, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 W. 7TH STREET, FORT WORTH TX 76102
Scott T. Agosta officer: See Remarks, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 W. 7TH STREET, FORT WORTH TX 76102
Richard Jacob Settle director, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102