Magnolia Oil & Gas Corp (MGY)

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 0.53 0.57 0.40 0.39 0.42 0.43 0.47 0.41 0.37 0.34 0.37 0.62 0.70 0.90 1.11 1.21 31.76 31.31 30.81 23.10
Number of days of payables days 692.33 642.06 912.84 935.23 869.13 853.10 771.60 888.11 978.43 1,059.16 980.67 587.86 521.33 405.98 328.47 301.27 11.49 11.66 11.85 15.80

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.53
= 692.33

The number of days of payables for Magnolia Oil & Gas Corp has shown significant fluctuations over the years, ranging from as low as 11.49 days on December 31, 2020, to as high as 980.67 days on June 30, 2022. This ratio measures how long, on average, it takes the company to pay its suppliers or vendors.

The company's payables period increased sharply from March 31, 2021, to reach a peak of 980.67 days on June 30, 2022, indicating a significant delay in paying its bills during that period. However, the metric gradually decreased from that point onwards until reaching a low of 642.06 days on September 30, 2024.

Overall, the number of days of payables for Magnolia Oil & Gas Corp has exhibited volatility, suggesting fluctuations in the company's payment practices and supplier relationships over the years. Analysts and investors may closely monitor this metric to assess the efficiency of the company's working capital management and its relationships with suppliers.