Matador Resources Company (MTDR)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 249,934 | 217,164 | 101,098 | 751,964 | 84,674 |
| Payables | US$ in thousands | 68,185 | 58,848 | 26,256 | 13,982 | 25,230 |
| Payables turnover | 3.67 | 3.69 | 3.85 | 53.78 | 3.36 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $249,934K ÷ $68,185K
= 3.67
The payables turnover ratio for Matador Resources Co has been consistently calculated as 0.00 over the past five years (2019-2023). This indicates that the company is not effectively managing its accounts payable during this period. A payables turnover ratio of 0.00 suggests that Matador Resources Co is taking an exceptionally long time to pay its suppliers, which could potentially strain relationships and impact the company's creditworthiness. It may be prudent for the company to review and improve its accounts payable management processes to enhance efficiency and build better supplier relationships in the future.
Peer comparison
Dec 31, 2023