Diamondback Energy Inc (FANG)

Number of days of payables

		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
Payables turnover		0.61	0.43	0.62	0.65	1.19	1.16	2.66	3.31	4.17	54.67	25.31	72.62	86.82	62.57	23.50	7.78	5.03	0.41	0.44	0.44
Number of days of payables	days	602.94	848.51	590.16	563.88	306.99	315.12	137.15	110.40	87.60	6.68	14.42	5.03	4.20	5.83	15.53	46.89	72.51	899.57	835.58	831.58

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.61
= 602.94

To analyze Diamondback Energy Inc's number of days of payables, we need the actual data for the payables and cost of goods sold from the financial statements for each quarter. Without the specific figures, it is not feasible to calculate the number of days of payables.

However, generally, the number of days of payables ratio measures how many days, on average, a company takes to pay its suppliers or vendors. A low number of days of payables may indicate that the company is able to settle its accounts payable quickly, potentially signaling strong cash flow management. On the other hand, a higher number of days of payables could suggest that the company is taking longer to pay its suppliers, which may have implications for supplier relationships.

Therefore, in order to provide a detailed and comprehensive analysis of Diamondback Energy Inc's number of days of payables, we would need the specific data to calculate the ratio and interpret its implications accurately.