EOG Resources Inc (EOG)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,680,000 | 8,783,000 | 5,494,000 | 5,345,000 | 4,922,940 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $5,680,000K ÷ $—K
= —
Based on the provided data, EOG Resources Inc's payables turnover ratio for the years ending December 31, 2020, 2021, 2022, 2023, and 2024 are not available ("—"). This means that the company's payables turnover could not be calculated based on the available information.
The payables turnover ratio is a financial metric that assesses how efficiently a company is managing its accounts payable by comparing the purchases made on credit during a period to the average accounts payable outstanding during the same period. A higher payables turnover ratio generally indicates that the company is paying its suppliers more quickly, while a lower ratio may suggest delays in payment.
Without the specific payables turnover ratios for EOG Resources Inc, further analysis regarding the company's ability to manage its accounts payable effectively or changes in its payment practices over the years cannot be determined. It is important for investors and stakeholders to monitor this ratio to evaluate the company's liquidity and supplier relationships.
Peer comparison
Dec 31, 2024