Range Resources Corp (RRC)

Range Resources Corp's payables turnover ratio has shown some fluctuations over the past five years. The payables turnover ratio, calculated by dividing the total purchases by the average trade payables, provides insights into how efficiently the company is managing its accounts payable.

As of December 31, 2020, Range Resources Corp had a payables turnover ratio of 7.56, indicating that the company was paying its suppliers approximately 7.56 times during the year. This high ratio suggests that the company was managing its payables efficiently and settling its obligations promptly.

However, the payables turnover ratio decreased to 3.20 by December 31, 2021, indicating a decline in the frequency of payments to suppliers. This could imply a change in the company's payment terms or a potential liquidity constraint during that period.

By December 31, 2022, the payables turnover ratio had increased to 3.69, showing some improvement in the efficiency of managing accounts payable compared to the previous year.

In the subsequent years, the ratio continued to fluctuate, reaching 4.96 by December 31, 2023, before dropping to 2.82 by December 31, 2024. These fluctuations could be attributed to changes in the company's purchasing behavior, payment policies, or external factors impacting the supply chain.

Overall, the trend in Range Resources Corp's payables turnover ratio indicates varying levels of efficiency in managing accounts payable over the years. Further analysis of the company's financial performance and operational strategies would provide a clearer understanding of the factors influencing these changes in payables turnover.

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Dec 31, 2024