Coterra Energy Inc (CTRA)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 971,000 | 876,000 | 917,000 | 866,000 | 406,699 |
| Payables | US$ in thousands | 833,000 | 803,000 | 844,000 | 747,000 | 162,000 |
| Payables turnover | 1.17 | 1.09 | 1.09 | 1.16 | 2.51 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $971,000K ÷ $833,000K
= 1.17
The payables turnover ratio for Coterra Energy Inc has shown a declining trend over the past five years. Starting at 2.51 in December 2020, the ratio decreased to 1.16 by the end of December 2021 and continued to hover around 1.09 to 1.17 from December 2022 to December 2024. This indicates that the company is taking longer to pay its suppliers compared to the previous years. A lower payables turnover ratio may point to potential liquidity issues or changes in the company's payment terms with its suppliers. Further analysis of the company's cash flow and working capital management practices would be beneficial to assess the impact of this trend on Coterra Energy's financial performance and supplier relationships.
Peer comparison
Dec 31, 2024