Devon Energy Corporation (DVN)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 545,000 | 493,000 | 474,000 | 458,000 | 448,000 | 446,000 | 441,000 | 439,000 | 428,000 | 440,000 | 452,000 | 473,000 | 675,000 | 678,000 | 715,000 | 687,000 | 3,737,000 | 4,386,000 | 5,065,000 | 5,825,000 |
| Payables | US$ in thousands | 2,238,000 | 2,418,000 | 2,117,000 | 2,147,000 | 1,982,000 | 2,246,000 | 2,042,000 | 2,201,000 | 2,365,000 | 2,571,000 | 2,776,000 | 2,248,000 | 1,956,000 | 1,980,000 | 1,517,000 | 1,473,000 | 904,000 | 977,000 | 782,000 | 1,061,000 |
| 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $545,000K ÷ $2,238,000K
= 0.24
Based on the data provided, the payables turnover for Devon Energy Corporation has shown fluctuations over the years. The payables turnover ratio indicates the efficiency with which the company is managing its payables. A higher turnover ratio generally indicates that the company is paying its suppliers more frequently.
In March 2020, the payables turnover was 5.49, indicating that the company was paying its suppliers approximately 5.49 times during that period. The ratio increased to 6.48 by June 2020, showing an improvement in payables management efficiency.
However, there was a significant decline in the payables turnover ratio to 0.47 by March 2021, which remained at the same level through June 2021 and decreased further to 0.34 by September 2021. These low ratios could suggest that the company was taking longer to pay its suppliers during this period.
Although there were slight improvements in the following periods, with the ratio increasing to 0.24 by December 2024, the overall trend indicates that Devon Energy Corporation may have experienced challenges in managing its payables efficiently during certain quarters.
Further analysis and comparison with industry benchmarks would provide a better understanding of the company's performance in managing its payables effectively.
Peer comparison
Dec 31, 2024