Comstock Resources Inc (CRK)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 187,941 | 1,298,870 | 1,299,220 | 752,936 | 663,113 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $187,941K ÷ $—K
= —
The payables turnover ratio for Comstock Resources Inc has been consistent at "—", indicating that the company is not efficiently managing its accounts payable during the years 2020 to 2024. A stable ratio over these years might suggest that the company is not effectively utilizing its short-term liabilities to support its operations or negotiate favorable credit terms with its suppliers. This could potentially lead to cash flow challenges or missed opportunities for improving working capital efficiency. Further investigation into the company's payables management practices and overall financial health would be recommended to gain a deeper understanding of its operational performance.
Peer comparison
Dec 31, 2024