Consol Energy Inc (CEIX)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 364,630 | 362,321 | 332,370 | 124,499 | 102,918 |
| Payables | US$ in thousands | 137,243 | 130,232 | 76,557 | 71,229 | 106,223 |
| Payables turnover | 2.66 | 2.78 | 4.34 | 1.75 | 0.97 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $364,630K ÷ $137,243K
= 2.66
The payables turnover ratio for Consol Energy Inc has been consistently reported as 0.00 for the past five years (from 2019 to 2023). This indicates that the company is not efficiently managing its accounts payable during this period. A payables turnover ratio of 0.00 suggests that the company is taking an extended period to pay its suppliers, which could potentially strain relationships with vendors or indicate liquidity issues. Further investigation is warranted to understand the reasons behind the consistently low payables turnover and to evaluate the impact on the company's overall financial health and operations.
Peer comparison
Dec 31, 2023