SM Energy Co (SM)
Payables turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 690,936 | 700,480 | 722,427 | 747,612 | 748,282 | 751,994 | 732,553 | 693,125 | 656,832 | 593,272 | 552,988 | 510,565 | 1,512,931 | 1,585,306 | 1,617,185 | 1,654,733 | 671,364 | 698,470 | 703,007 | 707,292 |
| Payables | US$ in thousands | 107,315 | — | — | — | 43,898 | — | — | — | 25,072 | — | — | — | 63,006 | — | — | — | 52,094 | — | — | — |
| Payables turnover | 6.44 | — | — | — | 17.05 | — | — | — | 26.20 | — | — | — | 24.01 | — | — | — | 12.89 | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $690,936K ÷ $107,315K
= 6.44
Based on the provided data, SM Energy Co has not reported any values for payables turnover in Q4 2023, Q3 2023, Q2 2023, and Q1 2023. Similarly, no data is available for Q3 2022, Q2 2022, and Q1 2022. A payables turnover ratio of 0.00 indicates that the company is not effectively managing its accounts payable. This could be due to various factors such as inefficient payment processes, delayed payments to suppliers, or a lack of leverage in negotiating favorable payment terms. Further data or information would be needed to assess the impact of this on the company's liquidity, operational efficiency, and supplier relationships.
Peer comparison
Dec 31, 2023