Halliburton Company (HAL)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 256,000 | 248,000 | 249,000 | 676,000 | 696,000 | 693,000 | 692,000 | 262,000 | 236,000 | 667,000 | 794,000 | 3,427,000 | 4,506,000 | 6,683,000 | 6,556,000 | 4,208,000 | 3,201,000 | 573,000 | 587,000 | 5,609,000 |
| Payables | US$ in thousands | 3,147,000 | 3,238,000 | 3,188,000 | 3,180,000 | 3,121,000 | 3,064,000 | 2,794,000 | 2,561,000 | 2,353,000 | 2,011,000 | 1,891,000 | 1,769,000 | 1,573,000 | 1,548,000 | 1,708,000 | 2,640,000 | 2,432,000 | 2,733,000 | 3,017,000 | 3,080,000 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $256,000K ÷ $3,147,000K
= 0.08
Halliburton Co.'s payables turnover has been relatively stable over the past eight quarters, ranging from 5.26 to 5.93. This ratio indicates that the company is able to efficiently manage its accounts payable by paying its suppliers approximately 5.26 to 5.93 times a year. A higher payables turnover ratio typically suggests that the company is effectively managing its cash flow and paying its bills in a timely manner. However, it is important to note that a very high payables turnover ratio could also indicate that the company is taking longer to pay its suppliers, which may strain supplier relationships. Overall, Halliburton Co.'s consistent payables turnover ratio indicates effective management of its accounts payable and cash flow.
Peer comparison
Dec 31, 2023