PBF Energy Inc (PBF)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 45.52 | 37.46 | 49.32 | 28.92 | 41.14 | |
| Number of days of payables | days | 8.02 | 9.74 | 7.40 | 12.62 | 8.87 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 45.52
= 8.02
The number of days of payables for PBF Energy Inc has fluctuated over the past five years. As of December 31, 2020, the company took approximately 8.87 days to pay its accounts payable, which increased to 12.62 days by December 31, 2021. This suggests that the company took longer to settle its payables in 2021.
However, by December 31, 2022, the number of days of payables decreased to 7.40 days, indicating that the company sped up its payment cycle. In the following year, by December 31, 2023, the number of days of payables increased slightly to 9.74 days, suggesting a slight slowdown in the payment cycle.
As of December 31, 2024, PBF Energy Inc's number of days of payables stood at 8.02 days, showing a modest decrease compared to the previous year. Overall, the company's management of payables has shown fluctuations, which can indicate changes in its cash flow management and vendor relationships.
Peer comparison
Dec 31, 2024