Crescent Energy Co (CRGY)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | — | — | 2.39 | 2.47 | — | — | 2.56 | 2.28 | 0.95 | ||||
| Number of days of payables | days | — | — | 152.74 | 147.97 | — | — | 142.40 | 160.00 | 384.87 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for Crescent Energy Co has been fluctuating over the past few quarters. As of March 31, 2024, the company took an average of 152.74 days to pay its payables, indicating that it is taking approximately 5 months to settle its obligations to suppliers and vendors. This was slightly higher than the figure of 147.97 days reported on June 30, 2024.
The March 31, 2023 figure of 142.40 days shows a slight improvement in the efficiency of payables management compared to the preceding quarter. However, the figure was noticeably higher on December 31, 2022, at 160.00 days, indicating a longer time taken to pay off payables at the end of the year.
It is worth noting that on September 30, 2022, the number of days of payables was relatively high at 384.87 days, suggesting a significant delay in settling obligations to creditors, which might have negatively impacted the company's cash flow and relationships with suppliers.
Overall, the trend in the number of days of payables for Crescent Energy Co indicates some variability in the management of payables, with efforts needed to ensure timely payments to suppliers while also optimizing cash flow and working capital management.
Peer comparison
Sep 30, 2024