Range Resources Corp (RRC)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.96 | 3.69 | 3.20 | 7.56 | 18.65 | |
| Number of days of payables | days | 73.55 | 98.96 | 113.96 | 48.29 | 19.57 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.96
= 73.55
To calculate the number of days of payables for Range Resources Corp, we need to examine the trend over the past five years. Unfortunately, without specific data provided in the table, we are unable to calculate or analyze the exact number of days of payables for the company during the given years.
Typically, the number of days of payables measures how long a company takes to pay its suppliers and vendors. A longer number of days of payables may indicate that the company is taking longer to settle its short-term obligations, potentially signaling liquidity issues or strained supplier relationships. Conversely, a shorter number of days of payables could suggest efficient cash management or bargaining power with suppliers.
In order to provide a detailed analysis, we would need the specific figures for payables for each of the years mentioned in the table. This would allow us to calculate the number of days of payables and assess any trends or patterns that may be present in Range Resources Corp's payment practices over the past five years.
Peer comparison
Dec 31, 2023