PBF Energy Inc (PBF)

Number of days of payables

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Payables turnover 45.52 36.48 31.72 37.10 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
Number of days of payables days 8.02 10.00 11.51 9.84 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

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 shown fluctuations over the observed period, ranging from a low of 4.09 days to a high of 19.43 days. This metric measures how long a company takes to pay its suppliers after receiving goods or services. A lower number of days of payables indicates that the company is paying its suppliers more quickly, which may signal strong liquidity or good relationships with vendors. Conversely, a higher number of days of payables may suggest that the company is taking longer to settle its debts, potentially indicating cash flow constraints or strained supplier relationships.

Analyzing the trend, we observe that the number of days of payables increased from 6.28 days on March 31, 2020, to a peak of 19.43 days on March 31, 2022, before declining to 8.02 days on December 31, 2024. This fluctuation in payment practices could be influenced by various factors, such as changes in business operations, supply chain dynamics, or strategic management decisions.

Overall, monitoring the number of days of payables is crucial for understanding a company's working capital management and financial health. It provides insights into how efficiently the company is managing its cash flow and relationships with suppliers.