Coterra Energy Inc (CTRA)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 876,000 | 917,000 | 866,000 | 406,699 | 175,258 |
| Payables | US$ in thousands | 803,000 | 844,000 | 747,000 | 162,000 | 189,811 |
| Payables turnover | 1.09 | 1.09 | 1.16 | 2.51 | 0.92 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $876,000K ÷ $803,000K
= 1.09
Coterra Energy Inc's payables turnover ratio has been consistently reported as 0.00 for the past five years, from 2019 to 2023. This indicates that the company is not effectively managing its accounts payable during this period. The low or zero turnover ratio may suggest potential cash flow challenges, inefficiencies in managing supplier payments, or possible delays in settling outstanding obligations. Further investigation into the company's payables management practices and financial performance is warranted to understand the underlying reasons for this trend and to assess the impact on Coterra Energy's overall financial health.
Peer comparison
Dec 31, 2023