Viper Energy Ut (VNOM)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | 114.83 | 1,605.61 | 4,136.47 | — | |
| Number of days of payables | days | — | 3.18 | 0.23 | 0.09 | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
Based on the data provided, Viper Energy Ut's number of days of payables has shown fluctuations over the past five years. In 2023, the number of days of payables was not available, indicating a potential change in reporting practices or data availability. In 2022, the company had an average payment period of 3.18 days, which increased significantly from 0.23 days in 2021. Furthermore, in 2020 and 2019, the number of days of payables was minimal at 0.09 days and not available respectively.
The increasing number of days of payables in 2022 compared to 2021 suggests that Viper Energy Ut took longer to pay its suppliers and creditors during that period. This change could indicate a shift in the company's payment policies or relationships with suppliers. The low number of days of payables in 2020 and 2019 may indicate efficient management of payables or a quick turnaround in settling obligations.
Overall, Viper Energy Ut's number of days of payables has varied over the years, and further analysis would be needed to determine the reasons behind these fluctuations and their impact on the company's financial performance and liquidity position.
Peer comparison
Dec 31, 2023