Hess Corporation (HES)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1.62 | 2.17 | 1.99 | 12.94 | 1.44 | |
| Number of days of payables | days | 225.74 | 168.05 | 183.75 | 28.22 | 254.26 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.62
= 225.74
The number of days of payables for Hess Corporation for the years ending December 31, 2019, 2020, 2021, 2022, and 2023 is not provided in the table. This ratio typically measures the average number of days it takes for a company to pay its suppliers for goods or services purchased on credit. Without the specific data for each year, it is challenging to assess the efficiency of Hess Corporation in managing its payable obligations. A lower number of days of payables may indicate a company's ability to effectively manage its cash flow and negotiate favorable credit terms with suppliers, while a higher number of days may suggest liquidity challenges or delays in settling obligations. Further information would be needed to conduct a detailed analysis and draw meaningful conclusions regarding Hess Corporation's payables management over the years.
Peer comparison
Dec 31, 2023