Helmerich and Payne Inc (HP)
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 | 1,915,817 | 1,944,929 | 1,947,226 | 1,890,166 | 1,775,204 | 1,634,187 | 1,507,225 | 1,387,940 | 1,327,313 | 1,218,770 | 1,088,084 | 1,036,842 | 1,733,748 | 1,944,038 | 3,588,138 | 3,609,921 | 2,630,377 | 2,235,100 | 379,860 | 158,407 |
| Payables | US$ in thousands | 157,302 | 130,852 | 151,671 | 160,101 | 145,784 | 126,966 | 119,972 | 105,123 | 109,032 | 71,996 | 64,193 | 63,934 | 46,617 | 36,468 | 36,181 | 144,794 | 122,609 | 45,383 | 134,077 | 130,721 |
| Payables turnover | 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 | 49.25 | 2.83 | 1.21 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,915,817K ÷ $157,302K
= 12.18
The payables turnover ratio for Helmerich & Payne, Inc. has been consistently reported as 0.00 for the periods ending December 31, 2023, September 30, 2023, June 30, 2023, March 31, 2023, December 31, 2022, September 30, 2022, June 30, 2022, and March 31, 2022. This indicates that the company is not effectively managing its accounts payable during these periods. A payables turnover ratio of 0.00 suggests that the company is taking an extremely long time to pay its suppliers or is not effectively utilizing trade credit, which could potentially strain its relationship with suppliers and impact its liquidity position. Further investigation into the company's payables management and working capital efficiency may be warranted to address this issue.
Peer comparison
Dec 31, 2023