ConocoPhillips (COP)

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		—	—	—	6.78	5.73	5.38	4.86	4.55	4.01	3.77	3.67	3.00	3.65	4.37	5.15	4.19	4.03	4.40	4.07	4.13
Number of days of payables	days	—	—	—	53.84	63.64	67.84	75.11	80.18	91.09	96.87	99.50	121.60	100.06	83.50	70.92	87.17	90.48	82.90	89.64	88.39

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —

The number of days of payables for Conoco Phillips have exhibited fluctuations over the past eight quarters. In Q1 2023, the number of days of payables stood at 55.80 days, marking a decrease from the previous quarter. This decline continued into Q2 2023, with the number of days of payables decreasing further to 58.75 days. However, in Q3 2023, there was an increase in the number of days of payables to 74.99 days, indicating a lengthening in the payment period. This trend continued into Q4 2023, where the number of days of payables reached 84.99 days.

Comparing the most recent quarter to the same quarter in the previous year, there has been an increase in the number of days of payables. In Q4 2023, the number of days of payables was higher at 84.99 days compared to 66.22 days in Q4 2022. This suggests that Conoco Phillips is taking longer to pay its suppliers and manage its payables effectively.

Overall, the trend in the number of days of payables for Conoco Phillips indicates some volatility, with fluctuations observed quarter over quarter. Monitoring this metric could provide insights into the company's liquidity management and supplier relationships.