Southwestern Energy Company (SWN)
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 | 1,899,000 | 185,000 | 180,000 | 176,000 | 197,000 | 218,000 | 250,000 | 251,000 | 227,000 | 565,000 | 887,000 | 1,538,000 | 3,008,000 | 2,656,000 | 2,309,000 | 1,662,000 | 187,000 | 212,000 | 378,000 | 678,000 |
| Payables | US$ in thousands | 1,384,000 | 1,317,000 | 1,381,000 | 1,549,000 | 1,835,000 | 1,896,000 | 1,801,000 | 1,488,000 | 1,282,000 | 955,000 | 653,000 | 639,000 | 573,000 | 416,000 | 426,000 | 465,000 | 525,000 | 539,000 | 585,000 | 626,000 |
| Payables turnover | 1.37 | 0.14 | 0.13 | 0.11 | 0.11 | 0.11 | 0.14 | 0.17 | 0.18 | 0.59 | 1.36 | 2.41 | 5.25 | 6.38 | 5.42 | 3.57 | 0.36 | 0.39 | 0.65 | 1.08 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,899,000K ÷ $1,384,000K
= 1.37
The payables turnover ratio for Southwestern Energy Company is consistently reported as 0.00 across all quarters for the period displayed. This indicates that the company is not effectively managing its accounts payable, as the numerator (total purchases or cost of goods sold) is likely zero or very close to zero, resulting in a denominator of zero.
A payables turnover ratio of 0.00 suggests that suppliers or creditors are not being paid on a regular basis, which may lead to strained relationships with vendors and potential disruptions in the supply chain. Additionally, it may indicate inefficiencies in the company's working capital management practices.
Further analysis and in-depth investigation into Southwestern Energy Company's payables turnover ratio trends and underlying financial data are necessary to understand the reasons for the consistently low ratio and to assess the overall financial health and operational efficiency of the company.
Peer comparison
Dec 31, 2023