Consol Energy Inc (CEIX)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 364,630 | 361,424 | 350,498 | 346,067 | 362,321 | 358,819 | 352,093 | 341,612 | 281,092 | 253,892 | 192,734 | 134,448 | 124,499 | 70,616 | 71,930 | 75,661 | 74,950 | 78,371 | 78,288 | 91,229 |
| Payables | US$ in thousands | 137,243 | 132,377 | 122,015 | 120,539 | 130,232 | 124,553 | 115,004 | 109,454 | 76,557 | 78,392 | 68,073 | 75,382 | 71,229 | 72,263 | 66,452 | 89,556 | 106,223 | 125,320 | 130,881 | 126,787 |
| Payables turnover | 2.66 | 2.73 | 2.87 | 2.87 | 2.78 | 2.88 | 3.06 | 3.12 | 3.67 | 3.24 | 2.83 | 1.78 | 1.75 | 0.98 | 1.08 | 0.84 | 0.71 | 0.63 | 0.60 | 0.72 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $364,630K ÷ $137,243K
= 2.66
Based on the provided data showing a payables turnover of 0.00 for Consol Energy Inc across all quarters from Q1 2022 to Q4 2023, it indicates that the company is not effectively managing its accounts payable. A low or zero payables turnover ratio suggests that the company is not efficiently paying its suppliers or is taking a longer time to settle its payables.
This could raise concerns about the company's liquidity position and may indicate potential issues with cash flow management. It could also signal strained relationships with suppliers if payments are consistently delayed. Further investigation into the reasons behind the low payables turnover ratio is recommended to understand the underlying issues and potential impacts on the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023