CNX Resources Corp (CNX)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		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	1.93	0.41	0.37	0.48
Number of days of payables	days	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	189.17	890.06	994.10	762.73

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.90
= 403.36

To analyze CNX Resources Corp's number of days of payables, we need to calculate the number of days it takes the company to pay its suppliers based on the accounts payable balance. Unfortunately, the table provided does not contain the specific data needed to calculate the number of days of payables for each quarter.

In general, the number of days of payables is calculated as:

Number of Days of Payables = (Average Accounts Payable / Cost of Goods Sold) x Number of Days in the Period

A lower number of days of payables indicates that the company is paying its suppliers more quickly, which may imply better liquidity or supplier relationships. Conversely, a higher number of days of payables may suggest that the company is taking longer to pay its suppliers, potentially indicating cash flow or operational challenges.

Without the specific data for CNX Resources Corp, it is not possible to provide a detailed analysis of its number of days of payables over the quarters mentioned. If the relevant financial information becomes available, we can perform the calculation and offer a more insightful analysis of the company's payables management.