Ovintiv Inc (OVV)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 2.18 | 2.86 | 3.38 | 21.91 | 3.94 | |
| Number of days of payables | days | 167.63 | 127.62 | 108.05 | 16.66 | 92.55 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.18
= 167.63
Number of days of payables is a financial ratio that measures the average number of days a company takes to pay its suppliers for goods and services purchased on credit. The ratio is calculated by dividing accounts payable by the cost of sales and multiplying by the number of days in the period.
Without specific data provided for Ovintiv Inc for the number of days of payables for the years 2019 to 2023, it is not possible to conduct a detailed analysis of this ratio for the company during the specified period. This ratio is important as it indicates how efficiently a company manages its payables and cash flow. A longer number of days of payables may suggest that the company is taking longer to settle its obligations to suppliers, potentially impacting supplier relationships, while a shorter number of days may indicate stronger liquidity and cash flow management.
To provide a comprehensive analysis of Ovintiv Inc's number of days of payables, specific data for each year would be needed to determine trends over time and compare the company's performance with industry peers. It is recommended to obtain the necessary financial information for accurate analysis and decision-making regarding the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023