Devon Energy Corporation (DVN)

Number of days of payables

		Dec 31, 2024	Sep 30, 2024	Jun 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
Payables turnover		0.24	0.20	0.22	0.21	0.23	0.20	0.22	0.20	0.18	0.17	0.16	0.21	0.35	0.34	0.47	0.47	4.13	4.49	6.48	5.49
Number of days of payables	days	1,498.84	1,790.20	1,630.18	1,711.04	1,614.80	1,838.09	1,690.09	1,829.99	2,016.88	2,132.76	2,241.68	1,734.71	1,057.69	1,065.93	774.41	782.60	88.30	81.31	56.35	66.48

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.24
= 1,498.84

Based on the data provided for Devon Energy Corporation's number of days of payables, we observe fluctuations in the payment terms offered to suppliers over the years. The trend indicates an increase in the number of days it takes for the company to pay its trade payables, with the metric ranging from around 50 days to over 2000 days.

From March 31, 2020, to December 31, 2022, there was a substantial increase in the number of days of payables, reaching a peak in June 30, 2022. This sudden spike may indicate changes in the company's payment policies or financial challenges during this period.

Subsequently, there was a gradual decrease in the number of days it took to pay trade payables from March 31, 2022, to December 31, 2024. The metric stabilized around 1500 to 1800 days towards the end of the period, suggesting potential improvements in the company's payment efficiency or financial position.

Overall, the analysis of Devon Energy Corporation's number of days of payables demonstrates significant variability in the company's payment practices over time, with periods of both extended and reduced payment periods. Further analysis and insights into the reasons behind these fluctuations would provide a more comprehensive understanding of the company's financial management and operational strategies.