Northern Oil & Gas Inc (NOG)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		4.56	2.64	3.93	4.33	4.34	2.95	2.77	3.63	5.22	6.66	12.57	33.40	38.08	64.64	22.61	6.34	5.17	1.19	1.23	0.64
Number of days of payables	days	80.05	138.31	92.94	84.37	84.09	123.62	131.89	100.64	69.95	54.80	29.03	10.93	9.59	5.65	16.15	57.59	70.57	307.59	296.90	571.78

December 31, 2023 calculation

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

To analyze the number of days of payables for Northern Oil and Gas Inc., we would need specific data for each quarter as shown in the table. Unfortunately, the table provided does not contain actual numerical values for the number of days of payables for the company across the quarters in question. As a result, a detailed analysis or interpretation based on this incomplete data is not possible.

To provide a meaningful analysis of the number of days of payables for Northern Oil and Gas Inc., we would need the actual data reflecting the average number of days it takes the company to pay its suppliers or trade payables over each quarter specified. This information is crucial for assessing the company's liquidity management, payment practices, and efficiency in managing its working capital.

Without the explicit values for the number of days of payables, we are unable to draw any conclusions or provide insights into the company's payables turnover efficiency or the impact on its overall financial health. It is recommended to obtain the missing data points for a more comprehensive analysis of Northern Oil and Gas Inc.'s payables management.