California Resources Corp (CRC)

California Resources Corp's number of days of payables has shown significant fluctuations over the years.

At the end of December 31, 2019, the company had an average payment period of 49.00 days. This indicates that, on average, California Resources Corp took around 49 days to pay its suppliers.

However, by December 31, 2021, the number of days of payables increased substantially to 283.06 days. This significant jump suggests that the company started taking much longer to pay its suppliers, which could indicate potential liquidity or cash flow issues.

In 2022, the number of days of payables continued to rise to 406.21 days, reaching a worrying level. A prolonged payment period like this can strain relationships with suppliers and may indicate financial distress.

By December 31, 2023, the number of days of payables decreased to 247.03 days, which, while an improvement from the previous year, still reflects a longer payment period compared to 2019.

As of December 31, 2024, the number of days of payables stood at 259.51 days, indicating a slightly longer payment period compared to 2019 but an improvement from the peaks seen in 2021 and 2022.

Overall, the trend in California Resources Corp's number of days of payables suggests fluctuating payment practices that warrant further investigation into the company's financial health and management of working capital.

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Dec 31, 2024