Range Resources Corp (RRC)
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 | 2.79 | 3.98 | 3.36 | 3.31 | 4.93 | 4.95 | 5.18 | 4.17 | 3.67 | 3.23 | 3.05 | 2.55 | 3.21 | 3.41 | 6.68 | 6.00 | 7.53 | 38.49 | 28.48 | 17.46 | |
| Number of days of payables | days | 130.88 | 91.72 | 108.76 | 110.12 | 73.96 | 73.76 | 70.44 | 87.46 | 99.44 | 112.97 | 119.57 | 142.96 | 113.70 | 107.09 | 54.67 | 60.87 | 48.45 | 9.48 | 12.81 | 20.90 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.79
= 130.88
Range Resources Corp's number of days of payables has fluctuated over the past few years, ranging from a low of 9.48 days on September 30, 2020, to a high of 142.96 days on March 31, 2022. The company's average number of days of payables appears to be increasing over time, indicating that it is taking longer to pay its suppliers and vendors. This could potentially suggest liquidity concerns or changes in the company's payment terms. It is important for stakeholders to monitor this ratio to understand the company's working capital management and its relationships with suppliers.
Peer comparison
Dec 31, 2024
Company name
Symbol
Number of days of payables
Range Resources Corp
RRC
130.88
Antero Resources Corp
AR
—
APA Corporation
APA
332.36
Atlas Energy Solutions Inc.
AESI
51.20
California Resources Corp
CRC
455.02
Chord Energy Corp
CHRD
16.30
Civitas Resources Inc
CIVI
5.70
CNX Resources Corp
CNX
316.25
Comstock Resources Inc
CRK
4,918.62
Coterra Energy Inc
CTRA
314.75
Crescent Energy Co
CRGY
—