Helmerich and Payne Inc (HP)
Number of days of payables
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 14.07 | 11.85 | 11.86 | 12.18 | 14.86 | 12.84 | 11.81 | 12.18 | 12.87 | 12.56 | 13.20 | 12.17 | 16.93 | 16.95 | 16.22 | 37.19 | 53.31 | 99.17 | 24.93 | 21.45 | |
| Number of days of payables | days | 25.94 | 30.80 | 30.77 | 29.97 | 24.56 | 28.43 | 30.92 | 29.97 | 28.36 | 29.05 | 27.65 | 29.98 | 21.56 | 21.53 | 22.51 | 9.81 | 6.85 | 3.68 | 14.64 | 17.01 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.07
= 25.94
The number of days of payables for Helmerich and Payne Inc has fluctuated over the past few quarters. The trend indicates that the company takes, on average, around 25 to 31 days to pay its suppliers.
There was a notable increase in the number of days of payables during the first half of 2024, which could suggest a slower payment cycle during that period. This increase was preceded by a relatively lower number of days of payables in the last quarter of 2023.
Comparing the current numbers to those from a year ago, there has been an upward trend in the average number of days that the company takes to pay its payables, indicating a potential shift towards a longer payables cycle. Overall, the analysis suggests that Helmerich and Payne Inc may be managing its payables in a manner that aligns with prevailing market conditions or internal financial strategies.
Peer comparison
Sep 30, 2024