Northern Oil & Gas Inc (NOG)

Payables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	1,327,780	993,148	670,142	388,599	308,239
Payables	US$ in thousands	—	—	—	—	—
Payables turnover		—	—	—	—	—

December 31, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $1,327,780K ÷ $—K
= —

Northern Oil & Gas Inc's payables turnover ratio for the years 2020 to 2024 is reported as "—," indicating that specific data for payables turnover is not available for these periods. The payables turnover ratio is a financial metric used to evaluate how effectively a company manages its accounts payable by calculating the number of times a company pays its average accounts payable balance over a certain period.

Without specific values for the payables turnover ratio, it is challenging to analyze Northern Oil & Gas Inc's efficiency in paying its suppliers and managing its accounts payable. The payables turnover ratio is an important indicator of a company's liquidity and operational efficiency, as a higher turnover ratio typically suggests that a company is managing its payables more effectively.

In the absence of this data, it is recommended that further analysis or additional information be sought to better assess Northern Oil & Gas Inc's performance in terms of managing its accounts payable and liquidity position.