Coterra Energy Inc (CTRA)
Number of days of payables
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 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 | 0.92 | 1.03 | 0.96 | 0.85 | |
| Number of days of payables | days | 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 | 398.71 | 355.87 | 380.67 | 430.93 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.08
= 337.67
The number of days of payables for Coterra Energy Inc has been fluctuating over the past eight quarters. In Q1 2022, the company had 1,786.41 days of payables, which increased gradually to 3,219.30 days in Q3 2022. This indicates that the company took longer to pay off its creditors during that period. However, in the most recent quarters, the number of days of payables has not been disclosed, making it difficult to assess the current trend. Overall, monitoring changes in the number of days of payables can provide insights into Coterra Energy Inc's payment practices and liquidity management.
Peer comparison
Dec 31, 2023