Halliburton Company (HAL)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		0.12	0.08	0.22	0.10	2.86
Number of days of payables	days	2,969.35	4,486.93	1,636.73	3,639.17	127.42

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.12
= 2,969.35

Halliburton Company's number of days of payables has shown significant fluctuations over the years. As of December 31, 2020, the company had an average payment period of approximately 127.42 days, indicating that it took about four months to pay its suppliers.

This metric experienced a drastic increase to 3,639.17 days by December 31, 2021. Such a substantial jump suggests a significant delay in settling payables, potentially due to liquidity issues or changes in the company's payment policies.

By December 31, 2022, the number of days of payables decreased to 1,636.73 days, still considerably higher than the initial period in 2020. This reduction may imply a concerted effort by Halliburton to improve its payment processes or manage cash flow more efficiently.

The trend reversed again by December 31, 2023, with the number of days of payables surging to 4,486.93 days. This sharp increase raises concerns regarding the company's ability to meet its financial obligations promptly.

As of December 31, 2024, the number of days of payables decreased to 2,969.35 days, though remaining significantly prolonged compared to the initial period considered in 2020. Overall, Halliburton's payment practices have exhibited volatility, suggesting varying approaches to managing its accounts payable over the years.