Targa Resources Inc (TRGP)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The data provided for Targa Resources Inc's number of days of payables from March 31, 2020, to December 31, 2024, shows that specific values are missing, denoted by "— days" for each period. This lack of data precludes a direct calculation or analysis of the number of days of payables for the company over this time frame.
In financial analysis, the number of days of payables typically indicates how long, on average, a company takes to pay its suppliers and service providers. A decreasing trend in the number of days of payables may suggest that the company is paying its creditors more quickly, possibly due to improved liquidity or better negotiation terms. Conversely, an increasing trend may indicate liquidity issues or a deliberate strategy to hold onto cash longer.
Without specific values for the number of days of payables, a meaningful interpretation or trend analysis cannot be conducted. It would be essential for Targa Resources Inc to provide the actual values for these periods to assess its payables management practices accurately and understand the impact on its financial health.
Peer comparison
Dec 31, 2024