Expand Energy Corporation (EXE)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		0.35	0.27	0.39	25.71	0.76
Number of days of payables	days	1,048.14	1,342.04	936.83	14.20	483.43

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.35
= 1,048.14

Expand Energy Corporation's number of days of payables has exhibited significant fluctuations over the past five years. In 2023, the number of days of payables stood at 1,048.14 days, indicating a substantial increase from the previous year's figure of 1,342.04 days. This suggests that the company is taking longer to pay its suppliers relative to the previous year.

Moreover, comparing the current year to the figures from 2021 and 2020, where the number of days of payables were 936.83 days and 14.20 days, respectively, there appears to be a trend of increasing payables duration. The significant rise from 14.20 days in 2020 to over 1,000 days in 2023 raises concerns about the company's ability to manage its accounts payable effectively.

However, when compared to 2019 when the number of days of payables was 483.43 days, the current level in 2023 remains notably higher, indicating a prolonged payment cycle. This trend suggests that Expand Energy Corporation may be facing challenges in efficiently managing its payables, potentially impacting its cash flow and liquidity position.

Further analysis and comparison with industry benchmarks and peer companies would provide additional insights into the effectiveness of Expand Energy Corporation's payables management strategies and its overall financial health.