ConocoPhillips (COP)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | 5.73 | 4.01 | 3.65 | 4.16 | |
| Number of days of payables | days | — | 63.64 | 91.09 | 100.06 | 87.64 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
Conoco Phillips' number of days of payables has shown variations over the past five years. In 2023, the number of days of payables was 84.99 days, reflecting an increase compared to the previous year's figure of 66.22 days. This suggests that the company took longer to pay its suppliers in 2023.
Looking back further, in 2021 and 2020, the number of days of payables were 101.01 days and 121.91 days, respectively. This indicates that the company was taking even longer to settle its payables in those years.
In 2019, there was a decrease in the number of days of payables to 98.63 days compared to 2020, but it was still higher than the 2022 and 2023 figures.
Overall, the trend in Conoco Phillips' number of days of payables shows fluctuations, which could be influenced by various factors such as changes in payment terms with suppliers, company's liquidity position, and overall financial management strategies. These fluctuations should be further analyzed to understand the company's efficiency in managing its payables and its relationships with suppliers.
Peer comparison
Dec 31, 2023