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.