Matador Resources Company (MTDR)

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 2.13 2.25 2.70 2.12 3.67 2.67 2.82 4.64 3.69 1.83 2.75 3.20 3.85 23.27 70.49 31.36 67.31 13.97 4.90 4.67
Number of days of payables days 171.42 162.23 135.39 172.53 99.58 136.79 129.25 78.70 98.91 199.49 132.69 114.09 94.79 15.69 5.18 11.64 5.42 26.13 74.50 78.17

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.13
= 171.42

The number of days of payables for Matador Resources Company has shown significant fluctuations over the period from March 31, 2020, to December 31, 2024. The company's payment cycle has ranged from as low as 5.18 days on June 30, 2021, to as high as 199.49 days on September 30, 2022.

The data indicates that the company has been able to manage its payables efficiently during some periods, as reflected in the lower number of days of payables. However, there have been instances where the number of days of payables has increased substantially, potentially indicating challenges in managing supplier payments efficiently or changes in the company's payment policies.

Overall, it is crucial for Matador Resources Company to closely monitor its number of days of payables to ensure a healthy balance between managing cash flow effectively and maintaining good relationships with suppliers. Fluctuations in this ratio could provide insights into the company's financial health, liquidity, and efficiency in managing its working capital.