Halliburton Company (HAL)

Number of days of payables

		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
Payables turnover		0.12	0.13	0.08	0.09	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
Number of days of payables	days	2,969.35	2,860.12	4,437.92	4,291.18	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

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 periods provided. The number of days of payables represents the average number of days it takes for a company to pay its suppliers or trade payables. A higher number of days of payables may indicate that the company is taking longer to pay its suppliers, which could potentially strain relationships with vendors.

From March 2020 to September 2021, the number of days of payables decreased steadily, indicating improved efficiency in paying off trade payables. However, from September 2021 to March 2024, the number of days of payables increased dramatically, reaching peaks of over 4,000 days. These prolonged periods suggest that Halliburton was taking an unusually long time to settle its payables, which could raise concerns about its liquidity or financial health.

The spike in the number of days of payables from June 2021 to December 2021 and its subsequent decrease in the following periods may suggest some irregularities or potential challenges in the company's payables management during that time. It is essential for investors and stakeholders to closely monitor changes in this metric to assess the company's financial stability and vendor relationships. Halliburton may need to address its payables management practices to ensure timely payment to suppliers and maintain a healthy working capital position.