Par Pacific Holdings Inc (PARR)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		17.83	42.72	28.57	29.01	30.03
Number of days of payables	days	20.47	8.54	12.77	12.58	12.16

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.83
= 20.47

The number of days of payables for Par Pacific Holdings Inc has fluctuated over the past five years. In 2023, the company took approximately 20.89 days, on average, to pay its suppliers. This represents an increase compared to the previous year, where the number of days of payables was 8.67 days. In 2021, the number of days of payables increased to 13.00 days from 13.24 days in 2020. In 2019, the company took approximately 12.34 days to pay its suppliers.

The increase in the number of days of payables in 2023 suggests that Par Pacific Holdings Inc took longer to settle its outstanding supplier invoices compared to the previous year. This may indicate a change in the company's payment practices or cash flow management. Further analysis of the company's financial performance and liquidity position would be required to fully understand the implications of this trend.