Liberty Oilfield Services Inc (LBRT)
Number of days of payables
Dec 31, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Payables turnover | 11.04 | 10.08 | 10.05 | 11.05 | 12.22 | 10.29 | 10.05 | 8.65 | 10.20 | 8.10 | 8.88 | 7.67 | 8.23 | 8.58 | 8.19 | 5.75 | 4.98 | 15.38 | 49.85 | 15.71 | |
Number of days of payables | days | 33.05 | 36.20 | 36.32 | 33.04 | 29.87 | 35.46 | 36.32 | 42.18 | 35.77 | 45.09 | 41.12 | 47.56 | 44.33 | 42.56 | 44.58 | 63.44 | 73.30 | 23.73 | 7.32 | 23.23 |
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 fluctuations over the period under review. The company's payables turnover has varied significantly, with a range of 7.32 days to 73.30 days. A lower number of days of payables indicates that the company is able to pay off its obligations more quickly, which could suggest efficient management of accounts payable.
On the other hand, higher number of days of payables, such as 73.30 days observed on December 31, 2020, may imply that the company is taking longer to settle its payables, which could be a cause for concern in terms of liquidity and cash flow management. Subsequently, the number of days of payables decreased to 29.87 days by December 31, 2023, reflecting an improvement in the company's ability to manage its payables more effectively.
Overall, monitoring the trend in the number of days of payables can provide insights into the company's working capital management, liquidity position, and financial health. It is crucial for investors and stakeholders to assess the company's payables turnover over time to understand how efficiently the company handles its accounts payable and its impact on overall financial performance.
Peer comparison
Dec 31, 2024