CNX Resources Corp (CNX)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1.21 | 0.94 | 0.79 | 1.16 | 5.55 | |
| Number of days of payables | days | 302.79 | 389.78 | 460.52 | 314.54 | 65.74 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.21
= 302.79
Based on the data provided, CNX Resources Corp's number of days of payables has shown significant fluctuations over the years. The number of days of payables was 65.74 days as of December 31, 2020, indicating that the company took approximately 65 days to pay its suppliers.
However, this metric increased substantially to 314.54 days as of December 31, 2021, and further rose to 460.52 days as of December 31, 2022, suggesting a significant delay in paying its suppliers. This trend continued to December 31, 2023, with the number of days of payables at 389.78 days.
By December 31, 2024, the number of days of payables decreased to 302.79 days but remained at elevated levels compared to the initial period. This fluctuation in the number of days of payables may indicate changes in the company's payment policies, cash flow management, or business operations. Continued monitoring of this trend is essential to assess the company's liquidity and supplier relationships effectively.
Peer comparison
Dec 31, 2024