Northern Oil & Gas Inc (NOG)

Payables turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cost of revenue (ttm)	US$ in thousands	1,327,783	1,263,057	1,214,282	1,116,137	993,146	881,793	800,064	735,427	670,144	600,786	523,113	451,956	388,601	340,167	302,995	276,185	308,239	353,224	394,647	415,593
Payables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,327,783K ÷ $—K
= —

The payables turnover ratio for Northern Oil & Gas Inc is not available for the period between March 31, 2020, and December 31, 2024, based on the provided data. The payables turnover ratio is a liquidity ratio that measures how efficiently a company pays its suppliers. A higher payables turnover ratio indicates that the company is paying its suppliers more frequently, which could be a sign of good liquidity management and strong relationships with suppliers.

Without the specific data points for payables turnover, it is challenging to assess Northern Oil & Gas Inc's ability to manage its payables effectively. Companies typically aim to strike a balance between paying suppliers promptly to maintain good relationships and maximizing the use of trade credit to optimize cash flow and working capital.

In the absence of available figures for the payables turnover ratio, further analysis is required to evaluate Northern Oil & Gas Inc's liquidity position and supplier payment practices accurately. It is essential for stakeholders to monitor this ratio over time to assess changes in the company's ability to manage its payables efficiently.