CVR Energy Inc (CVI)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 14.01 | 16.56 | 14.09 | 15.05 | 14.70 | 18.98 | 18.69 | 19.65 | 16.89 | 12.80 | 10.67 | 17.17 | 15.17 | 12.87 | 10.67 | 14.61 | 18.05 | 20.20 | 16.31 | 13.74 | |
| Number of days of payables | days | 26.05 | 22.03 | 25.91 | 24.26 | 24.82 | 19.23 | 19.53 | 18.58 | 21.61 | 28.51 | 34.20 | 21.26 | 24.05 | 28.36 | 34.21 | 24.98 | 20.22 | 18.07 | 22.39 | 26.56 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.01
= 26.05
The number of days of payables for CVR Energy Inc has exhibited some fluctuations over the periods under review. The trend shows a general decrease in the number of days of payables from December 2019 to September 2020, indicating that the company was taking fewer days to pay off its suppliers during this period.
However, from December 2020 to March 2021, there was a noticeable increase in the number of days of payables, implying that the company was taking longer to settle its payables. Subsequently, there was a slight decrease up to September 2021 before another uptick in the number of days of payables in December 2021.
The trend continued with fluctuations in the subsequent periods, showing varying degrees of days taken by CVR Energy to pay off its payables. As of December 31, 2024, the number of days of payables stood at 26.05 days.
Overall, the analysis of the number of days of payables for CVR Energy Inc indicates a fluctuating pattern in the company's payment practices towards its suppliers over the reviewed periods.
Peer comparison
Dec 31, 2024