Comstock Resources Inc (CRK)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 0.08 | 0.08 | 0.12 | 0.13 | 0.28 | |
| Number of days of payables | days | 4,814.59 | 4,726.95 | 3,173.16 | 2,846.10 | 1,303.87 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.08
= 4,814.59
The number of days of payables for Comstock Resources, Inc. is not provided in the table. Without this data, it is not possible to analyze the company's payables turnover, efficiency in managing its accounts payable, or its ability to meet short-term obligations through the use of trade credit. To assess the effectiveness of the company's payables management and liquidity position, it would be necessary to calculate the number of days of payables by using the formula:
Number of Days of Payables = (Accounts Payable / Cost of Goods Sold) x Number of Days in the Period
Further analysis would be required to evaluate trends over multiple years and compare the company's performance relative to its industry peers to provide meaningful insights into its financial health and operational efficiency.
Peer comparison
Dec 31, 2023