Talos Energy (TALO)

Payables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	244,645	155,749	154,929	396,832	136,040
Payables	US$ in thousands	84,193	128,174	85,815	104,864	71,357
Payables turnover		2.91	1.22	1.81	3.78	1.91

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $244,645K ÷ $84,193K
= 2.91

The payables turnover ratio for Talos Energy Inc has been 0.00 for the past five years, indicating that the company is not effectively managing its accounts payable. A low or zero payables turnover ratio suggests that the company is taking a longer time to pay its suppliers, which could potentially strain relationships with vendors and negatively impact its creditworthiness. It is important for Talos Energy Inc to evaluate and improve its payables turnover ratio to ensure efficient working capital management and maintain positive supplier relationships.