HF Sinclair Corp (DINO)
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 | ||
|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 11.96 | 11.44 | 14.23 | 14.59 | 13.36 | ||||
| Number of days of payables | days | 30.52 | 31.92 | 25.65 | 25.02 | 27.33 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.96
= 30.52
To analyze HF Sinclair Corp.'s number of days of payables, we observe a trend over multiple quarters. The number of days of payables has fluctuated over time, indicating changes in the company's payment practices with its suppliers.
In Q4 2023, the number of days of payables decreased to 30.90 days from 32.54 days in Q3 2023. This could suggest that the company is paying its suppliers slightly sooner in comparison to the previous quarter.
Looking back, Q2 2023 had 26.05 days of payables, which was lower than both Q3 and Q4 2023. This implies that the company took longer to pay its obligations to suppliers in Q2 2023.
Furthermore, in comparison to Q1 2022 (56.27 days) and Q2 2022 (47.39 days), the number of days of payables has generally decreased, indicating more efficient management of payables over time.
Overall, the trend in HF Sinclair Corp.'s number of days of payables suggests potential changes in the company's relationship with suppliers and its working capital management strategies in recent quarters.