APA Corporation (APA)

Number of days of payables

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		1.10	1.01	—	0.89	0.94	0.70	0.71	0.92	0.76	0.70	0.73	0.92	11.23	15.87	13.92	12.67	3.32	2.33	2.44	2.00
Number of days of payables	days	332.36	361.61	—	408.54	388.45	518.48	516.88	398.35	478.10	518.09	502.95	396.20	32.50	22.99	26.21	28.81	110.10	156.36	149.53	182.23

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.10
= 332.36

Based on the data provided for APA Corporation, the number of days of payables for each quarter is not available. This lack of specific information hinders a detailed analysis of the company's payables management over the specified periods. Without the exact figures for payables and corresponding purchases, it is challenging to assess the efficiency of APA Corporation in managing its trade credit terms with suppliers and the timing of its payments.

Further insights could be gleaned by comparing the number of days of payables with the company's industry peers or historical performance to understand any trends or deviations. Additionally, analyzing the company's cash conversion cycle and liquidity position in conjunction with payables data would provide a more holistic view of its working capital management.

In conclusion, without the specific data on the number of days of payables, a detailed analysis of APA Corporation's payables turnover and management practices is not feasible at this time.