Consol Energy Inc (CEIX)

Number of days of payables

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Payables turnover 2.66 2.78 4.34 1.75 0.97
Number of days of payables days 137.38 131.19 84.07 208.83 376.72

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.66
= 137.38

Number of days of payables is a financial ratio that measures how long a company takes to pay off its trade payables. This ratio is not provided in the data table for Consol Energy Inc for the years ending December 31, 2019 to 2023, thus preventing a direct analysis. The number of days of payables is typically calculated by dividing the average accounts payable by cost of goods sold and multiplying by 365 to express the result in days.

In the absence of this specific data, it is challenging to assess the efficiency of Consol Energy Inc in managing its payment obligations to suppliers over these years. The number of days of payables can reflect the company's liquidity, cash management, and relationships with vendors. A decreasing trend in this ratio may indicate that the company is paying its bills more quickly, potentially signaling improved financial health, while an increasing trend could suggest liquidity issues or strained vendor relationships.

As the actual values of the number of days of payables are unavailable for analysis, a comprehensive evaluation of Consol Energy Inc's payment practices based on this ratio over the specified years cannot be completed. For a more thorough understanding of the company's financial performance and liquidity management, further data on payables turnover and industry benchmarks would be needed.


Peer comparison

Dec 31, 2023

Company name
Symbol
Number of days of payables
Consol Energy Inc
CEIX
137.38
Warrior Met Coal Inc
HCC
11.54