EQT Corporation (EQT)

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		2.32	2.48	2.23	2.35	2.05	2.17	2.40	2.20	1.74	1.73	1.67	1.95	1.84	1.34	1.87	1.82	2.21	3.83	3.95	4.01
Number of days of payables	days	157.05	146.93	163.69	155.24	177.87	168.03	152.32	166.28	210.03	210.50	218.12	187.27	198.08	272.12	195.08	200.72	165.52	95.21	92.38	90.92

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.32
= 157.05

The number of days of payables for EQT Corporation has varied over the years based on the data provided. From March 31, 2020, to December 31, 2024, the number of days of payables has fluctuated between a low of 146.93 days on September 30, 2024, and a high of 272.12 days on September 30, 2021.

In terms of the trend, there was an increase in the number of days of payables from March 31, 2020, to September 30, 2021, with a peak at 272.12 days. This indicates that EQT Corporation was taking longer to pay its suppliers during this period. Subsequently, there was a downward trend in the number of days of payables from September 30, 2021, to June 30, 2024, with the lowest point being 146.93 days on September 30, 2024.

Overall, the company seems to have made efforts to manage its payables more effectively, as evidenced by the reduction in the number of days of payables in the later years of the data set. However, it is important to monitor this metric closely to ensure that the company maintains a healthy balance in its supplier payment practices.