CVR Energy Inc (CVI)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.76 | 15.05 | 19.65 | 17.17 | 14.61 | |
| Number of days of payables | days | 26.52 | 24.26 | 18.58 | 21.25 | 24.99 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.76
= 26.52
The number of days of payables for CVR Energy Inc has shown a generally decreasing trend over the past five years. As of December 31, 2020, the company took approximately 24.99 days to pay its suppliers, which decreased to 21.25 days by December 31, 2021. This trend continued with a further reduction to 18.58 days by December 31, 2022.
However, there was a slight increase in the number of days of payables by December 31, 2023, where it reached 24.26 days. The most recent data as of December 31, 2024, shows a slight uptick to 26.52 days.
Overall, a decreasing trend in the number of days of payables can indicate that the company is paying its suppliers more quickly, potentially improving its relationships with suppliers. Conversely, an increase in the number of days of payables may indicate a potential liquidity issue or a deliberate strategy to preserve cash. It would be important to further analyze the company's financial situation and operational performance to gain a more comprehensive understanding of this trend.
Peer comparison
Dec 31, 2024