Chord Energy Corp (CHRD)

Payables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2019	Dec 31, 2018
Cost of revenue	US$ in thousands	782,527	586,227	211,195	159,629	508,231
Payables	US$ in thousands	34,453	29,056	2,136	17,948	20,166
Payables turnover		22.71	20.18	98.87	8.89	25.20

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $782,527K ÷ $34,453K
= 22.71

Based on the provided data, Chord Energy Corp has a payables turnover ratio of 0.00 for the years ended December 31, 2023, 2022, and 2021. A payables turnover ratio of 0.00 indicates that the company is not effectively managing its accounts payable during these periods. This could be a cause for concern as it suggests that Chord Energy Corp may not be efficiently utilizing its trade credit terms with suppliers or may be experiencing issues in paying its obligations within a reasonable timeframe. The consistent 0.00 payables turnover ratio over the three-year period warrants further investigation into the company's liquidity management practices and supplier relationships to identify potential inefficiencies or financial stress in managing its payables.