Diamondback Energy Inc (FANG)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 994,000 | 3,541,000 | 2,865,000 | 2,566,000 | 2,169,000 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $994,000K ÷ $—K
= —
Based on the provided data, Diamondback Energy Inc's payables turnover ratio for the years 2020, 2021, 2022, 2023, and 2024 is not available or has been indicated as "N/A." A payables turnover ratio is typically used to evaluate how efficiently a company is managing its accounts payable by measuring the number of times a company pays off its average accounts payable balance within a specific period.
In this case, the absence of data for the payables turnover ratio for Diamondback Energy Inc indicates a lack of information regarding the company's ability to manage its accounts payable effectively during the specified years. Further data or analysis would be necessary to assess the company's payables turnover performance accurately and to draw meaningful conclusions about its working capital management and supplier relationships.
Peer comparison
Dec 31, 2024