CNX Resources Corp (CNX)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 0.94 | 0.79 | 1.16 | 5.55 | 2.40 | |
| Number of days of payables | days | 389.78 | 460.52 | 314.54 | 65.74 | 152.17 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.94
= 389.78
To calculate the number of days of payables for CNX Resources Corp, we would need specific data on accounts payable and cost of sales for each year.
The number of days of payables ratio indicates the average number of days a company takes to pay its suppliers. A higher number of days of payables suggests that the company is taking longer to pay its suppliers, which may indicate a liquidity advantage as the company holds onto cash longer.
To interpret this ratio for CNX Resources Corp accurately, we require additional financial information to analyze the trend over the years and compare it to industry benchmarks. Without this data, we cannot provide a detailed analysis of the number of days of payables for CNX Resources Corp.
Peer comparison
Dec 31, 2023