Diamondback Energy Inc (FANG)
Payables turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,906,000 | 3,556,000 | 3,431,000 | 3,020,000 | 2,797,000 | 2,536,000 | 3,117,000 | 3,020,000 | 2,910,000 | 2,211,000 | 2,172,000 | 2,103,000 | 1,908,000 | 2,365,000 | 2,160,000 | 2,014,000 | 2,169,000 | 2,362,000 | 2,465,000 | 2,513,000 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,906,000K ÷ $—K
= —
The payables turnover ratio for Diamondback Energy Inc is not provided in the data for the period March 31, 2020, to December 31, 2024. The payables turnover ratio is a financial metric that measures how efficiently a company is managing its payments to suppliers. It indicates how many times a company pays off its average accounts payable balance over a specific period. A higher payables turnover ratio is generally favorable as it suggests that the company is efficient in paying its suppliers. Conversely, a lower ratio may indicate inefficiencies or potential cash flow problems. Without the specific data for Diamondback Energy Inc, a detailed analysis of its payables turnover ratio cannot be provided.
Peer comparison
Dec 31, 2024