Atlas Energy Solutions Inc. (AESI)

Number of days of payables

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023
Payables turnover		5.67	5.16
Number of days of payables	days	64.36	70.80

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.67
= 64.36

Based on the data provided, Atlas Energy Solutions Inc. had a downward trend in its number of days of payables from 70.80 days as of June 30, 2024, to 64.36 days as of September 30, 2024. This indicates that the company took fewer days to pay its creditors in the most recent quarter, which can be a positive sign of efficient cash management or potentially improved supplier relationships. It is important for investors and stakeholders to monitor this trend closely to ensure the sustainability of the company's payables management practices.