Chesapeake Energy Corp (CHK)

Number of days of payables

		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
Payables turnover		0.35	0.30	0.27	0.27	0.27	0.26	0.32	0.35	0.39	0.63	0.75	0.91	25.71	28.20	228.44	16.06	0.75	0.56	0.51	0.50
Number of days of payables	days	1,048.14	1,231.88	1,370.35	1,331.30	1,342.04	1,395.28	1,153.51	1,042.06	936.83	582.64	486.09	399.65	14.20	12.94	1.60	22.73	486.02	653.03	712.51	725.17

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.35
= 1,048.14

The number of days of payables for Chesapeake Energy Corp has shown variability over the past few years. The trend indicates an upward movement in payables days from 399.65 days in March 2021 to a peak of 1,370.35 days in June 2023. This increase suggests that the company's ability to pay its suppliers has stretched over time, potentially indicating challenges in managing its working capital efficiently.

The significant fluctuation in the number of days of payables may reflect changes in the company's payment terms with suppliers or alterations in its operating environment. It is important for stakeholders to closely monitor this metric as prolonged payables can have implications on the company's liquidity and relationships with suppliers. Additionally, a high number of days of payables may also indicate potential liquidity issues or disruptions in the supply chain that need to be addressed and managed effectively by the company.