Halliburton Company (HAL)

Number of days of payables

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Payables turnover 0.08 0.22 0.10 2.86 1.32
Number of days of payables days 4,486.93 1,636.73 3,639.17 127.42 276.54

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.08
= 4,486.93

The number of days of payables for Halliburton Co. has fluctuated over the past five years, with a clear trend towards an increase in the number of days it takes the company to pay its suppliers. In 2023, the number of days of payables was 61.56 days, representing a decrease from the previous year but still higher than the levels seen in 2020 and 2019.

A higher number of days of payables indicates that Halliburton Co. is taking longer to settle its outstanding obligations to suppliers, potentially signaling a strain on liquidity or a shift in the company's payment policies. This could have implications for the company's relationships with suppliers and its overall working capital management.

It is important for stakeholders to monitor the trend in the number of days of payables to assess the efficiency of Halliburton Co.'s payables management and its financial health in managing its cash flow effectively.


Peer comparison

Dec 31, 2023


See also:

Halliburton Company Average Payables Payment Period