California Resources Corp (CRC)

Number of days of payables

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
Payables turnover 0.80 1.16 1.40 1.36 1.44 1.57 1.67 1.27 0.90 1.02 1.14 1.13 1.19 0.97 0.91 1.09 9.36 17.69 19.96 13.86
Number of days of payables days 455.02 314.01 260.11 268.67 254.05 232.27 218.58 286.71 406.21 357.96 319.79 323.32 307.25 378.14 402.31 335.11 39.00 20.63 18.29 26.34

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.80
= 455.02

The number of days of payables for California Resources Corp has varied over the years, indicating changes in the company's payment practices. From March 2020 to September 2020, the number of days of payables stayed relatively consistent, ranging from 18.29 to 26.34 days. However, there was a significant increase to 39.00 days by December 2020.

From March 2021 to December 2021, the number of days of payables skyrocketed, reaching as high as 406.21 days by the end of December 2022. This indicates that the company was taking longer to pay its outstanding invoices and liabilities during this period.

There was a slight decrease in the number of days of payables by March 2023, dropping to 286.71 days, and further declining to 218.58 days by June 2023. This downward trend continued until the end of December 2024, where the number of days of payables increased to 455.02 days.

Overall, the trend in the number of days of payables for California Resources Corp shows fluctuations, with periods of both increases and decreases over the years. The company's ability to manage and optimize its payables cycle can have implications on its cash flow and overall financial health.