ConocoPhillips (COP)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 38,435,000 | 38,365,000 | 38,600,000 | 37,683,000 | 37,982,000 | 40,623,000 | 43,912,000 | 48,185,000 | 48,481,000 | 45,686,000 | 40,004,000 | 33,463,000 | 31,060,000 | 26,386,000 | 23,359,000 | 20,450,000 | 17,943,000 | 18,366,000 | 19,760,000 | 22,007,000 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $38,435,000K ÷ $—K
= —
Since the payables turnover ratio information for ConocoPhillips is not provided in the data you provided, it indicates that the exact calculation of this ratio cannot be analyzed at this time.
The payables turnover ratio typically indicates how efficiently a company is managing its accounts payable. A higher payables turnover ratio suggests that the company is paying its suppliers more frequently, which may indicate good liquidity or strong negotiation power with suppliers. On the other hand, a low payables turnover ratio may suggest that the company is taking a longer time to pay its suppliers, which could indicate cash flow issues or strained relationships with vendors.
To calculate the payables turnover ratio, the formula is:
Payables Turnover Ratio = Total Purchases / Average Accounts Payable Balance
Without the necessary information, it is not possible to provide a comprehensive analysis of ConocoPhillips' payables turnover ratio.
Peer comparison
Dec 31, 2024