CNX Resources Corp (CNX)

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		1.15	1.15	1.10	0.81	0.90	0.73	0.87	0.76	0.77	0.91	0.92	1.12	1.06	1.68	1.48	1.52	5.45	7.32	5.81	5.08
Number of days of payables	days	316.25	318.12	332.25	448.44	403.36	503.39	419.50	481.18	473.39	402.07	397.53	325.20	344.05	217.46	246.37	240.81	66.98	49.89	62.87	71.80

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.15
= 316.25

The number of days of payables for CNX Resources Corp has exhibited fluctuations over the period under review. The trend shows that the company took approximately 71.80 days to pay its payables as of March 31, 2020, which decreased to 49.89 days by September 30, 2020, before rising to 344.05 days by December 31, 2021.

However, there was a significant spike in the number of days of payables as of March 31, 2021, and June 30, 2021, where it reached 240.81 days and 246.37 days respectively. This increase in payment delay may indicate potential liquidity issues or changes in the company's payment terms with suppliers during this period.

Subsequently, the number of days of payables fluctuated between 300 and 400 days until September 30, 2023, where it peaked at 503.39 days. The company then saw a decline in the number of days of payables towards the end of the period, reaching 316.25 days as of December 31, 2024.

Overall, the analysis reveals variations in CNX Resources Corp's payment practices over time, indicating potential changes in the company's working capital management, supplier relationships, or financial health. Further evaluation of these changes in conjunction with other financial metrics would provide a more comprehensive understanding of the company's financial performance.