Civitas Resources Inc (CIVI)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 64.06 | 18.16 | 50.88 | 12.95 | 24.31 | 11.51 | 34.66 | 39.67 | 30.67 | 29.88 | 37.23 | 15.44 | 19.43 | 11.63 | 9.78 | 7.50 | 83.93 | 36.53 | 13.94 | 8.29 | |
| Number of days of payables | days | 5.70 | 20.10 | 7.17 | 28.18 | 15.01 | 31.70 | 10.53 | 9.20 | 11.90 | 12.21 | 9.80 | 23.63 | 18.78 | 31.38 | 37.33 | 48.68 | 4.35 | 9.99 | 26.18 | 44.04 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 64.06
= 5.70
The number of days of payables for Civitas Resources Inc has fluctuated over the periods analyzed. It decreased from 44.04 days as of March 31, 2020, to a low of 4.35 days by December 31, 2020, indicating that the company was able to manage its payables more efficiently during that time.
Subsequently, there was an increase in the number of days of payables to 48.68 days by March 31, 2021, before fluctuating within a range of 9.20 to 31.70 days through September 30, 2023. This variability suggests potential changes in the company's payment terms and efficiency in managing supplier obligations.
As of December 31, 2024, the number of days of payables stood at 5.70 days, signaling a decrease from the previous period. Overall, analyzing the trend in the number of days of payables can provide insights into Civitas Resources Inc's liquidity management, cash flow dynamics, and relationships with suppliers.
Peer comparison
Dec 31, 2024