CNX Resources Corp (CNX)

Payables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	148,573	137,994	151,654	141,281	656,174
Payables	US$ in thousands	123,249	147,361	191,343	121,751	118,185
Payables turnover		1.21	0.94	0.79	1.16	5.55

December 31, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $148,573K ÷ $123,249K
= 1.21

The payables turnover ratio for CNX Resources Corp has shown a declining trend over the past five years, decreasing from 5.55 in December 31, 2020, to 1.21 in December 31, 2024. This indicates that the company is taking longer to pay its suppliers compared to previous years. A lower payables turnover ratio may suggest inefficiencies in managing payables or potential liquidity issues as the company delays payments to vendors. It is important for CNX Resources Corp to closely monitor and improve its payables turnover ratio to maintain healthy supplier relationships and ensure effective cash flow management.