Northern Oil & Gas Inc (NOG)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		4.56	4.34	5.22	38.08	5.17
Number of days of payables	days	80.05	84.09	69.95	9.59	70.57

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.56
= 80.05

Northern Oil and Gas Inc. does not report the number of days of payables in its financial statements for the years ending December 31, 2019 to 2023. The absence of this data makes it challenging to assess the company's ability to manage its trade payables efficiently and to analyze its liquidity position effectively. It is recommended for the company to disclose this information in the future to provide stakeholders with a clearer understanding of its working capital management practices.