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