Liberty Oilfield Services Inc (LBRT)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.04 | 12.22 | 10.20 | 8.24 | 4.91 | |
| Number of days of payables | days | 33.05 | 29.87 | 35.77 | 44.31 | 74.27 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.04
= 33.05
The number of days of payables for Liberty Oilfield Services Inc has shown a decreasing trend over the past five years, indicating that the company is taking less time to pay its suppliers.
As of December 31, 2020, the company took on average 74.27 days to pay its payables, which improved to 44.31 days by December 31, 2021. This downward trend continued with the number of days of payables decreasing to 35.77 days by December 31, 2022, further dropping to 29.87 days by December 31, 2023.
However, there was a slight increase in the number of days of payables to 33.05 days by December 31, 2024. Overall, the decreasing trend in the number of days of payables indicates an improvement in the company's liquidity position and potential efficiency in managing its payables.
Peer comparison
Dec 31, 2024