Liberty Oilfield Services Inc (LBRT)

Number of days of payables

		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
Payables turnover		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	14.66	19.30	16.20	14.52
Number of days of payables	days	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	24.90	18.92	22.53	25.15

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 fluctuated over the past eight quarters, ranging from a low of 32.01 days in Q4 2023 to a high of 50.29 days in Q1 2022. Generally, the company's payables have trended downwards in recent quarters, indicating that Liberty Energy is taking less time to pay its suppliers and vendors. This improved efficiency in managing payables can have positive implications for the company's working capital management and cash flow. It is essential to monitor this ratio over time to ensure that the company maintains a healthy balance between paying its obligations promptly and optimizing its cash resources.