Coterra Energy Inc (CTRA)

Number of days of payables

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 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Payables turnover 1.16 1.22 1.19 1.12 1.08 1.33 1.38 1.06 1.06 1.34 1.16 1.20 1.16 1.94 2.40 2.37 2.50 1.20 1.08 0.95
Number of days of payables days 314.75 298.25 306.81 326.10 337.67 274.50 264.46 345.90 345.36 272.70 314.06 303.96 315.69 188.18 152.21 154.27 146.15 304.97 337.89 383.35

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.16
= 314.75

The number of days of payables for Coterra Energy Inc fluctuated over the period from March 31, 2020, to December 31, 2024. The company's payables turnover, on average, ranged from a high of 383.35 days on March 31, 2020, to a low of 146.15 days on December 31, 2020, indicating that the company took more than a year to pay its suppliers at its peak and less than half a year at its lowest point in this period.

Subsequently, the number of days of payables increased to 345.36 days on December 31, 2022, before dropping to a low of 264.46 days on June 30, 2023. Thereafter, the metric remained relatively stable around the 300-day mark until the end of 2024, suggesting that Coterra Energy Inc was maintaining a consistent payment schedule with its suppliers compared to the more volatile period seen earlier.

Overall, the trend in the number of days of payables for Coterra Energy Inc indicates variability in the company's payment practices over time, with periods of both extended and reduced payment cycles affecting its relationships with suppliers.