Civitas Resources Inc (CIVI)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		64.39	24.46	30.70	19.49	84.19
Number of days of payables	days	5.67	14.92	11.89	18.73	4.34

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 64.39
= 5.67

The number of days of payables for Civitas Resources Inc has shown fluctuations over the years.

- As of December 31, 2020, the company had a very low number of days of payables at 4.34 days, indicating that it was able to pay off its outstanding bills relatively quickly.
- By December 31, 2021, the number of days of payables had increased significantly to 18.73 days, suggesting that the company was taking longer to settle its payables compared to the previous year.
- In the following years, there were fluctuations in the number of days of payables, with values ranging from 11.89 days to 14.92 days, indicating some variability in the company's payment practices.
- As of December 31, 2024, the number of days of payables decreased to 5.67 days, closer to the lower value seen in 2020.

Overall, the trend in the number of days of payables suggests some variability in Civitas Resources Inc's payment terms and ability to manage its accounts payable efficiently over the years.