Chevron Corp (CVX)

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		6.21	6.11	7.40	8.29	8.02	6.65	5.20	5.49	5.82	5.56	5.10	4.98	5.60	7.82	9.82	8.38	6.86	6.88	6.48	7.01
Number of days of payables	days	58.74	59.73	49.33	44.03	45.49	54.92	70.22	66.51	62.74	65.64	71.60	73.36	65.13	46.67	37.15	43.56	53.22	53.06	56.34	52.06

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.21
= 58.74

The number of days of payables for Chevron Corp. has shown fluctuations over the past eight quarters. In Q4 2023, the number of days of payables was 62.54 days, which decreased slightly from the previous quarter's 63.02 days. This suggests that Chevron Corp. took slightly longer to pay its suppliers in Q4 2023 compared to Q3 2023.

Looking back further, the number of days of payables in Q4 2023 was higher than in Q4 2022, indicating a potential extension in the company's payment period for suppliers. The lowest number of days of payables was observed in Q1 2023 at 46.06 days, suggesting that Chevron Corp. was able to pay its suppliers more quickly during that quarter.

Overall, the trend in Chevron Corp.'s number of days of payables indicates some variability in the company's payment practices over the past eight quarters. Analyzing this ratio alongside other liquidity and working capital metrics can provide a more comprehensive understanding of Chevron Corp.'s financial performance and management of its cash flow.