Crescent Energy Co (CRGY)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,375,637 | 1,360,087 | 888,271 | 495,114 | 495,380 | 535,687 | 536,450 | 529,774 | 493,643 | 390,287 | 327,071 | 281,666 | 243,501 | 302,323 | 335,842 | 399,512 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,375,637K ÷ $—K
= —
The payables turnover ratio for Crescent Energy Co is not available for the period from March 31, 2021, to December 31, 2024. This ratio is a key efficiency metric that indicates how efficiently the company is managing its trade payables by comparing them to its purchases.
A high payables turnover ratio generally suggests that the company is paying off its suppliers quickly, which can be indicative of strong liquidity and good relationships with suppliers. On the other hand, a low payables turnover ratio might indicate that the company is taking a longer time to pay its suppliers, potentially affecting supplier relationships and liquidity management.
Without the specific values for the payables turnover ratio, it is challenging to provide a detailed analysis of Crescent Energy Co's payables management efficiency over the given period. It is important for the company to track this ratio consistently over time to assess its ability to manage trade payables effectively and optimize cash flow.
Peer comparison
Dec 31, 2024