EQT Corporation (EQT)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,624,260 | 2,802,770 | 2,517,310 | 2,387,860 | 3,209,100 |
| Payables | US$ in thousands | 1,272,520 | 1,574,610 | 1,339,250 | 705,461 | 796,438 |
| Payables turnover | 2.06 | 1.78 | 1.88 | 3.38 | 4.03 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,624,260K ÷ $1,272,520K
= 2.06
Based on the data provided for EQT Corp's payables turnover for the past five years, it is evident that the company has consistently reported a payables turnover ratio of 0.00. This indicates that EQT Corp is not effectively managing its accounts payables in relation to its cost of goods sold. A payables turnover ratio of 0.00 signifies that the company is taking an extremely long time to pay its suppliers, which could signal potential liquidity issues or strained relationships with its vendors. Further analysis and investigation into the company's payables management practices and supplier relationships are warranted to understand the underlying reasons for this consistently low payables turnover ratio.
Peer comparison
Dec 31, 2023