Expand Energy Corporation (EXE)

Number of days of payables

		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	Dec 31, 2019
Payables turnover		0.78	0.72	0.50	0.35	0.30	0.27	0.27	0.27	0.26	0.32	0.35	0.39	0.63	0.75	0.91	25.71	28.20	228.44	16.06	0.75
Number of days of payables	days	467.77	510.26	723.16	1,048.14	1,231.88	1,370.35	1,331.30	1,342.04	1,395.28	1,153.51	1,042.06	936.83	582.64	486.09	399.65	14.20	12.94	1.60	22.73	486.02

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.78
= 467.77

Expand Energy Corporation's number of days of payables has shown significant fluctuations over the past few quarters. In the most recent quarter ending on September 30, 2024, the company had an average of 467.77 days of payables, indicating that it takes the company approximately 467.77 days to pay its suppliers.

The trend in payables days has been on a slight decline since reaching a peak of 1,395.28 days in the third quarter of 2022. This decrease suggests that the company has been more efficient in managing its payables over time.

It is important to note that a high number of days of payables may indicate that the company is taking longer to settle its obligations to suppliers, potentially straining relationships with vendors. Conversely, a very low number of days of payables may suggest that the company is paying its suppliers too quickly, possibly affecting cash flow management.

In comparison to the industry average, Expand Energy Corporation's number of days of payables should be monitored closely to ensure it remains within a reasonable range and is in line with industry standards. Further analysis and correlation with other financial ratios are recommended to gain a comprehensive understanding of the company's overall financial health.