Core Laboratories NV (CLB)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Payables turnover | 13.36 | 0.11 | 0.10 | 0.11 | |
| Number of days of payables | days | 27.33 | 3,330.76 | 3,649.31 | 3,213.38 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.36
= 27.33
Core Laboratories NV's number of days of payables has shown significant fluctuations over the course of the year. As of March 31, 2024, the company had an exceptionally high number of days of payables standing at 3,213.38 days, which decreased to 3,330.76 days by September 30, 2024. However, the number of days of payables sharply decreased to a significantly lower level of 27.33 days by the end of the year on December 31, 2024.
The drastic decrease in the number of days of payables from September to December indicates that Core Laboratories NV may have improved its efficiency in managing its payables during the last quarter of the year. A lower number of days of payables suggests that the company is paying off its trade payables more quickly, potentially improving its cash flow position.
It is important to continue monitoring Core Laboratories NV's number of days of payables in future periods to assess the company's ability to effectively manage its payables and maintain a healthy working capital position.
Peer comparison
Dec 31, 2024