Atlas Energy Solutions Inc. (AESI)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | ||
|---|---|---|---|---|
| Payables turnover | 7.13 | 5.67 | 5.16 | |
| Number of days of payables | days | 51.20 | 64.36 | 70.80 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.13
= 51.20
Based on the provided data, the number of days of payables for Atlas Energy Solutions Inc. has shown a decreasing trend over the three periods reported. Specifically, as of June 30, 2024, the company took approximately 70.80 days to pay its payables, which decreased to about 64.36 days by September 30, 2024, and further decreased to around 51.20 days by December 31, 2024.
This downward trend in the number of days of payables may indicate that Atlas Energy Solutions Inc. has been managing its payables more efficiently over time. A decrease in the number of days of payables suggests that the company is paying off its obligations more quickly, which can positively impact cash flow management and relationships with suppliers. However, it is important to consider the reasons behind this trend and whether it is sustainable in the long term.
Peer comparison
Dec 31, 2024