PBF Energy Inc (PBF)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 37.46 | 49.32 | 28.92 | 41.14 | 39.23 | |
| Number of days of payables | days | 9.74 | 7.40 | 12.62 | 8.87 | 9.30 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 37.46
= 9.74
The number of days of payables for PBF Energy Inc has fluctuated over the past five years. In 2023, the company took approximately 10.71 days to pay its trade payables, which is slightly higher than in 2020 and 2019 but lower than in 2021. This indicates that in 2023, PBF Energy Inc took slightly longer to settle its short-term debts to suppliers compared to the previous two years.
Overall, the trend in the number of days of payables suggests that PBF Energy Inc has been managing its trade payables efficiently, with the company taking varying but generally reasonable amounts of time to pay its suppliers over the years. A lower number of days of payables may indicate a more favorable position for the company in terms of managing its working capital and cash flow.
Peer comparison
Dec 31, 2023