Liberty Oilfield Services Inc (LBRT)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		12.22	10.20	8.24	4.91	14.70
Number of days of payables	days	29.87	35.77	44.31	74.27	24.83

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.22
= 29.87

The number of days of payables for Liberty Energy Inc has shown a fluctuating trend over the past five years. The company's ability to pay its suppliers has improved significantly since 2020, with a notable decrease from 82.25 days in 2020 to 32.01 days in 2023. This suggests that the company has been managing its payables more efficiently, possibly negotiating better payment terms with its suppliers or improving its cash flow management. The decreasing trend indicates that Liberty Energy Inc is taking less time to pay its suppliers, which could positively impact its working capital management and overall financial health. However, it would be important to monitor this ratio in the future to ensure that the improvement is sustainable and in line with industry benchmarks.