EOG Resources Inc (EOG)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 0.38 | 0.41 | 0.43 | 1.58 | 0.44 | |
| Number of days of payables | days | 958.52 | 896.39 | 843.64 | 231.39 | 833.49 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.38
= 958.52
The number of days of payables for EOG Resources, Inc. is not provided in the table. However, this metric typically measures the average number of days it takes for a company to pay its accounts payable. A higher number of days of payables may indicate that the company is taking longer to pay its suppliers, potentially signaling cash flow management strategies or liquidity issues. Conversely, a lower number of days of payables could imply that the company is paying its suppliers more quickly, which may be indicative of strong working capital management. Without the specific data for EOG Resources, Inc., a detailed analysis based on this metric cannot be provided.
Peer comparison
Dec 31, 2023