Matador Resources Company (MTDR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.67 | 3.69 | 3.85 | 53.78 | 3.36 | |
| Number of days of payables | days | 99.58 | 98.91 | 94.79 | 6.79 | 108.76 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.67
= 99.58
To calculate the number of days of payables for Matador Resources Co, we need specific data on accounts payable and cost of goods sold. Given the lack of information in the table provided, it is not possible to determine the exact number of days of payables for the company over the years in question.
Number of days of payables is a financial ratio that measures how long, on average, a company takes to pay its suppliers. A lower number of days of payables indicates that the company is paying its suppliers more quickly, while a higher number of days suggests that the company is taking longer to pay its bills.
To perform a detailed analysis and provide insights into Matador Resources Co's efficiency in managing its payables, we would need access to the necessary accounts payable and cost of goods sold figures for each year. The number of days of payables can fluctuate based on industry norms, company policies, and changes in business operations. Tracking this ratio over time can help assess the company's payment practices and relationships with suppliers.
Peer comparison
Dec 31, 2023