Range Resources Corp (RRC)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		2.82	4.96	3.69	3.20	7.56
Number of days of payables	days	129.56	73.55	98.96	113.96	48.29

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.82
= 129.56

Range Resources Corp's number of days of payables has experienced fluctuations over the years. In December 2020, the company had an average payment period of 48.29 days, indicating that on average, the company takes approximately 48 days to pay its suppliers.

However, there was a significant increase in the number of days of payables by the end of December 2021, reaching 113.96 days. This suggests a slowdown in the company's payment cycle, taking almost 114 days to settle its payables.

By the end of December 2022, the number of days of payables decreased slightly to 98.96 days, indicating a potential improvement in the company's payment efficiency.

In December 2023, there was a further reduction in the number of days of payables to 73.55 days, reflecting a shorter payment period compared to the previous year.

However, by the end of December 2024, Range Resources Corp's number of days of payables increased to 129.56 days, indicating a significant extension in its payment cycle. This could suggest liquidity challenges or changes in the company's working capital management.

Overall, the trend in Range Resources Corp's number of days of payables shows variability over the years, which could be influenced by factors such as operational efficiency, cash flow management, and supplier relationships.