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.