EQT Corporation (EQT)

Payables turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	2,611,230	2,519,252	2,515,845	2,531,500	2,736,475	2,909,786	2,845,473	2,760,362	2,467,775	1,587,019	1,534,508	1,477,093	1,555,623	2,657,223	2,712,388	2,779,126	2,726,445	3,543,345	3,560,022	3,361,381
Payables	US$ in thousands	1,272,520	1,159,740	1,049,900	1,153,260	1,574,610	1,678,080	1,700,410	1,416,270	1,339,250	1,183,190	820,134	812,273	705,461	693,141	686,512	692,268	796,438	755,102	850,847	877,498
Payables turnover		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	3.42	4.69	4.18	3.83

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,611,230K ÷ $1,272,520K
= 2.05

Based on the data provided for EQT Corp's payables turnover ratio for each quarter from Q1 2022 to Q4 2023, it is clear that the company's payables turnover has consistently been reported as 0.00 across all quarters. A payables turnover ratio of 0.00 implies that the company is not effectively managing its accounts payable and is not utilizing its trade credit with suppliers efficiently.

A payables turnover ratio of 0.00 could indicate that EQT Corp is taking an extended period to pay its suppliers or may have challenges in managing its accounts payable effectively. This could potentially strain relationships with suppliers, lead to missed discounts for early payment, or impact the company's creditworthiness in the industry.

It is essential for EQT Corp to evaluate its payables management practices and work towards improving the efficiency of its accounts payable process. By addressing this issue, the company can enhance its liquidity position, strengthen supplier relationships, and optimize its working capital management for sustainable growth and profitability in the long run.