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.