Archrock Inc (AROC)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.75 | 9.41 | 8.48 | 12.34 | 19.67 | |
| Number of days of payables | days | 33.95 | 38.78 | 43.03 | 29.58 | 18.56 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.75
= 33.95
The number of days of payables for Archrock Inc has shown an increasing trend over the years, with a noticeable rise from 18.56 days as of December 31, 2020, to 29.58 days by December 31, 2021, indicating that the company took longer to pay its suppliers. The trend continued with a further increase to 43.03 days as of December 31, 2022, suggesting a potential shift in the company's payment terms or cash flow management. However, by December 31, 2023, the number of days of payables decreased to 38.78 days, indicating some improvement in the company's payables efficiency. As of December 31, 2024, the number of days of payables stood at 33.95 days, showing a slight decline compared to the previous year. Overall, the fluctuation in the number of days of payables suggests varying approaches to managing vendor payments by Archrock Inc over the years.
Peer comparison
Dec 31, 2024