CNX Resources Corp (CNX)

Payables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	137,994	151,654	141,281	656,174	485,849
Payables	US$ in thousands	147,361	191,343	121,751	118,185	202,553
Payables turnover		0.94	0.79	1.16	5.55	2.40

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $137,994K ÷ $147,361K
= 0.94

The payables turnover ratio for CNX Resources Corp has been consistently reported as 0.00 for the years 2019, 2020, 2021, 2022, and 2023. This indicates that the company is not efficiently managing its accounts payable in relation to its cost of goods sold. A payables turnover ratio of 0.00 suggests that the company is not paying its suppliers within the accounting period under review. This may raise concerns about the company's liquidity, relationships with suppliers, and potential cash flow management issues. Further investigation into the company's payables management practices and working capital efficiency is warranted to understand the reasons behind this consistently low ratio.