Patterson-UTI Energy Inc (PTEN)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1.33 | 0.59 | 0.51 | 0.76 | 5.86 | |
| Number of days of payables | days | 274.23 | 617.49 | 721.30 | 477.64 | 62.26 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.33
= 274.23
Patterson-UTI Energy Inc's number of days of payables has experienced significant fluctuations over the years based on the data provided.
As of December 31, 2020, the company had an average payment period of 62.26 days, indicating a relatively efficient management of its payables. However, by December 31, 2021, the number of days of payables had increased dramatically to 477.64 days, suggesting a significant delay in settling its payables.
The trend continued to worsen in the following years, as by December 31, 2022, the number of days of payables soared to 721.30 days, reaching an alarming level. Subsequently, there was a slight improvement by December 31, 2023, when the number of days of payables decreased to 617.49 days but remained at an elevated level.
Finally, by December 31, 2024, the number of days of payables had decreased to 274.23 days, indicating a significant improvement compared to the previous years but still higher than the initial period in 2020.
Overall, Patterson-UTI Energy Inc's number of days of payables has been volatile, showing fluctuations in the management of payables over the years. Further analysis and consideration of the company's payment policies and financial performance are recommended to understand the reasons behind these variations.
Peer comparison
Dec 31, 2024