Permian Resources Corporation (PR)

Payables turnover

		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
Cost of revenue (ttm)	US$ in thousands	295,603	237,829	295,798	254,606	240,779	156,610	96,915	118,783	126,575	184,656	178,682	178,095	764,606	732,954	722,249	707,683	158,005	119,544	148,436	170,680
Payables	US$ in thousands	94,533	101,452	102,531	136,189	51,443	119,517	31,134	38,520	9,736	26,305	19,514	19,124	5,052	10,270	8,754	50,659	21,484	33,455	54,656	54,088
Payables turnover		3.13	2.34	2.88	1.87	4.68	1.31	3.11	3.08	13.00	7.02	9.16	9.31	151.35	71.37	82.51	13.97	7.35	3.57	2.72	3.16

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $295,603K ÷ $94,533K
= 3.13

Permian Resources Corp's payables turnover ratio has been consistently calculated as 0.00 across all quarters of the provided data. This indicates that the company is not efficiently managing its accounts payable during these periods, as there is no velocity of payables turnover. It suggests that the company is taking an extended period to pay its suppliers or is not effectively utilizing its credit terms. A low or zero payables turnover ratio can point to potential liquidity issues or inefficient working capital management within the company. It is essential for Permian Resources Corp to analyze and improve its payables turnover ratio to optimize its cash flow and supplier relationships.