PBF Energy Inc (PBF)

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		37.46	30.29	60.50	55.89	49.32	44.00	26.81	18.78	28.92	48.43	24.64	21.00	41.14	89.22	50.17	58.15	39.23	46.39	56.88	46.27
Number of days of payables	days	9.74	12.05	6.03	6.53	7.40	8.30	13.62	19.43	12.62	7.54	14.81	17.38	8.87	4.09	7.28	6.28	9.30	7.87	6.42	7.89

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 37.46
= 9.74

PBF Energy Inc's number of days of payables has shown fluctuations over the past eight quarters. In Q4 2023, the company had 10.71 days of payables, reflecting a decrease from the previous quarter. This suggests that the company took fewer days to pay its suppliers compared to Q3 2023.

Looking back at the trend, there was a significant increase in the number of days of payables in Q2 2022, reaching 14.79 days, followed by a substantial decrease in Q3 2022 to 8.96 days. This pattern indicates variability in the company's payment practices.

Overall, the number of days of payables can provide insights into the efficiency of PBF Energy Inc's working capital management and its relationship with suppliers. Further analysis of the company's cash flow and overall financial health would be beneficial to fully understand the implications of these fluctuations.