Talos Energy (TALO)

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	244,645	227,294	219,618	201,445	155,749	164,968	160,595	157,660	154,929	370,962	366,827	364,779	372,205	132,167	129,678	150,424	136,040	143,845	148,196	135,036
Payables	US$ in thousands	84,193	125,557	184,177	184,471	128,174	109,964	102,390	91,158	85,815	106,098	111,128	72,770	104,864	110,895	104,151	58,750	71,357	95,737	115,086	62,550
Payables turnover		2.91	1.81	1.19	1.09	1.22	1.50	1.57	1.73	1.81	3.50	3.30	5.01	3.55	1.19	1.25	2.56	1.91	1.50	1.29	2.16

December 31, 2023 calculation

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

Based on the data provided, Talos Energy Inc's payables turnover ratio is reported as 0.00 for each quarter spanning from Q1 2022 to Q4 2023. A payables turnover ratio of 0.00 indicates that the company is not effectively managing its accounts payable during these periods. This could suggest that the company is not efficiently utilizing its suppliers' credit terms or is not effectively managing its cash flow related to payables. As a result, further investigation and analysis into the company's payables management practices and financial health may be warranted to understand the reasons behind the consistently low payables turnover ratio.