Peabody Energy Corp (BTU)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 2.41 | 2.76 | 2.29 | 13.45 | 3.42 | |
| Number of days of payables | days | 151.77 | 132.15 | 159.46 | 27.14 | 106.76 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.41
= 151.77
The number of days of payables for Peabody Energy Corp has fluctuated over the past five years. In 2023, the company took approximately 151.77 days to pay its suppliers, marking an increase from 132.15 days in 2022. This suggests that the company may be taking longer to settle its payables, which could impact its cash flow and liquidity position. The significant increase in days of payables from 27.14 days in 2020 to 159.46 days in 2021 indicates a notable change in the company's payment practices. It is essential for investors and stakeholders to monitor this metric closely to assess the company's financial health and management of working capital.
Peer comparison
Dec 31, 2023