Halliburton Company (HAL)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		0.08	0.08	0.08	0.21	0.22	0.23	0.25	0.10	0.10	0.33	0.42	1.94	2.86	4.32	3.84	1.59	1.32	0.21	0.19	1.82
Number of days of payables	days	4,486.93	4,765.60	4,673.17	1,717.01	1,636.73	1,613.80	1,473.71	3,567.81	3,639.17	1,100.47	869.29	188.41	127.42	84.55	95.09	228.99	277.31	1,740.92	1,875.99	200.43

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 exhibited a decreasing trend over the past four quarters. In Q4 2023, the company took an average of 61.56 days to pay its suppliers, which was lower compared to the previous quarter at 63.56 days. This suggests that Halliburton Co. has been managing its payables more efficiently. The current number of days of payables is also substantially lower than the figures seen in the same quarter of the previous year, indicating an improvement in the company's payment practices. Overall, this trend reflects positively on the company's liquidity management and ability to meet its financial obligations in a timely manner.