Occidental Petroleum Corporation (OXY)

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		1.35	1.13	1.28	1.31	1.16	1.27	0.89	0.96	1.07	1.02	1.01	3.58	4.58	5.94	5.60	2.34	1.67	1.39	1.41	1.19
Number of days of payables	days	269.39	322.65	284.28	279.37	313.96	286.31	407.94	381.44	340.06	356.83	360.12	101.82	79.66	61.45	65.13	155.85	218.05	262.42	258.61	307.69

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.35
= 269.39

Occidental Petroleum Corp.'s number of days of payables fluctuated over the past eight quarters, ranging from a low of 400.82 days in Q1 2023 to a high of 601.24 days in Q2 2022. The trend indicates variability in how long the company takes to pay its suppliers and vendors. The average number of days of payables over the period could be calculated to provide a more stable measure of the company's payment cycle efficiency. Additionally, a deeper analysis could involve comparing Occidental Petroleum Corp.'s number of days of payables with industry benchmarks or trends to assess its performance relative to peers.