Southwestern Energy Company (SWN)

Payables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	1,899,000	197,000	227,000	3,008,000	193,000
Payables	US$ in thousands	1,384,000	1,835,000	1,282,000	573,000	525,000
Payables turnover		1.37	0.11	0.18	5.25	0.37

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $1,899,000K ÷ $1,384,000K
= 1.37

The payables turnover ratio for Southwestern Energy Company has been consistently 0.00 for the past five years, indicating that the company is not effectively managing its accounts payable during this period. A low or decreasing payables turnover ratio may suggest that the company is taking longer to pay its suppliers, which could strain relationships or lead to potential liquidity issues in the future. Further investigation into the company's accounts payable management practices and supplier relationships may be warranted to address this issue and potentially improve cash flow efficiency.