Hess Corporation (HES)

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		1.41	1.56	1.88	1.88	2.08	1.51	1.26	1.42	1.94	1.89	2.42	2.51	13.07	13.30	8.91	6.35	1.34	1.44	1.49	1.42
Number of days of payables	days	259.70	233.82	193.85	193.77	175.72	241.58	289.26	257.07	188.50	193.56	151.09	145.32	27.93	27.45	40.96	57.50	273.25	253.13	244.95	257.31

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.41
= 259.70

As the specific data for the number of days of payables for Hess Corporation is not provided in the table, a detailed analysis of this particular financial ratio cannot be conducted. To perform a thorough assessment of the company's payables management and efficiency in paying its suppliers, it is essential to have the relevant data for each quarter.

The number of days of payables measures the average number of days it takes for a company to pay its suppliers for goods and services purchased on credit. A lower number of days of payables indicates that the company is paying its suppliers more quickly, which may signal a strong cash position or good relationships with suppliers. Conversely, a higher number of days of payables could suggest that the company is taking longer to settle its payables, potentially facing liquidity challenges or stretching out payments.

To provide a comprehensive analysis of Hess Corporation's number of days of payables and its implications for the company's financial health and operational efficiency, it is recommended to refer to the specific data points for the number of days of payables in each quarter and compare them to industry benchmarks and historical trends. This analysis would help in evaluating the company's working capital management, liquidity position, and relationships with suppliers.