CVR Energy Inc (CVI)

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		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	14.82	18.85	17.77
Number of days of payables	days	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	24.64	19.37	20.54

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.05
= 24.26

The number of days of payables for CVR Energy Inc has fluctuated over the past eight quarters, ranging from a low of 20.69 days in Q4 2022 to a high of 38.61 days in Q1 2022. The trend seems to show some variability in the payables turnover efficiency of the company. In the most recent quarter, Q4 2023, the number of days of payables was 27.58 days, showing a slight decrease from the previous quarter. This indicates that the company is taking approximately 27.58 days on average to pay off its outstanding obligations to suppliers and vendors. Overall, a lower number of days of payables suggests a more efficient management of accounts payable, while a higher number may indicate a longer payment cycle and potentially a need for closer scrutiny on cash flow management and working capital efficiency.