Coterra Energy Inc (CTRA)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		1.17	1.09	1.09	1.16	2.51
Number of days of payables	days	313.13	334.58	335.94	314.84	145.39

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.17
= 313.13

The number of days of payables for Coterra Energy Inc has seen a significant increase over the years, from 145.39 days as of December 31, 2020, to 314.84 days as of December 31, 2021. This trend continued with further increases to 335.94 days as of December 31, 2022, 334.58 days as of December 31, 2023, and a slight decrease to 313.13 days as of December 31, 2024.

Having more days of payables typically indicates that the company is taking longer to pay its suppliers, which can be a sign of liquidity strain or potential financial distress. It may also suggest that the company is efficiently managing its working capital by extending payment terms. However, such prolonged payment periods could strain relationships with suppliers if not managed effectively.

Coterra Energy Inc should closely monitor its payables management to ensure it strikes a balance between maintaining good vendor relations and optimizing cash flow. Further analysis of the company's financial health and cash flow management strategies would provide more insights into the implications of the changing number of days of payables.