Par Pacific Holdings Inc (PARR)

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		17.83	12.97	17.64	34.11	42.72	30.12	21.92	15.35	28.57	24.36	21.73	19.87	29.01	28.07	38.47	52.74	23.49	18.21	9.06	0.81
Number of days of payables	days	20.47	28.15	20.70	10.70	8.54	12.12	16.65	23.78	12.77	14.99	16.80	18.37	12.58	13.00	9.49	6.92	15.54	20.04	40.27	449.21

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 exhibited some fluctuations over the past eight quarters. In Q4 2023, the company's payables were at 20.89 days, showing a decrease from the previous quarter's 28.70 days. This indicates that the company took less time to pay its outstanding liabilities in Q4 2023 compared to Q3 2023.

Looking further back, in Q1 2023, the number of days of payables was at 10.87 days, which was significantly lower than in the subsequent quarters. This suggests that the company managed its payables more efficiently in Q1 2023.

Comparing the data to the same quarter in the previous year, we observe an increase in the number of days of payables from 8.67 days in Q4 2022 to 20.89 days in Q4 2023. This signifies that the company took longer to pay its obligations at the end of 2023 compared to the end of 2022.

Overall, the analysis of the number of days of payables indicates fluctuations in how quickly Par Pacific Holdings Inc settles its accounts payable over the quarters, with some periods showing more efficient management of payables than others. Additionally, there appears to be variability in the company's payment practices when comparing year-over-year data.