Viper Energy Ut (VNOM)

Payables turnover

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 Dec 31, 2019
Cost of revenue (ttm) US$ in thousands 233,906 202,425 174,936 156,721 141,820 136,259 134,029 129,642 126,244 120,746 113,044 110,787 179,852 179,342 177,667 177,868 107,400 101,311 95,081 85,667
Payables US$ in thousands — — — — — — 436 1,129 17 9 14 69 208 39 21 43 95 11 324 0
Payables turnover — — — — — — 307.41 114.83 7,426.12 13,416.22 8,074.57 1,605.61 864.67 4,598.51 8,460.33 4,136.47 1,130.53 9,210.09 293.46 —

September 30, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $233,906K ÷ $—K
= —

The payables turnover ratio for Viper Energy Ut has shown significant fluctuations over the past few periods. The payables turnover ratio measures the company's efficiency in managing its trade payables by comparing the cost of goods sold to the average accounts payable balance during a specific period.

In the most recent available data, the payables turnover ratio for Viper Energy Ut was not reported for the September 2024 quarter, indicating potential data unavailability or reporting delays. Prior to that, the payables turnover ratio was drastically high in June 2024 at 7,426.12, reflecting a very rapid turnover of payables during that period. This extremely high ratio may be due to specific factors, such as seasonal variations, changes in payment terms, or one-time events impacting payables management.

In contrast, the payables turnover ratio was more moderate in previous quarters, ranging from 293.46 to 13,416.22. The ratio of 114.83 in March 2023, for example, indicates that the company converted its payables into cash 114.83 times during that quarter.

Overall, the fluctuating nature of the payables turnover ratio for Viper Energy Ut suggests variations in the company's payment practices and interactions with suppliers. A high ratio may signify efficient payables management, while a low ratio could indicate a potential liquidity issue or extended payment terms. Further analysis and comparison with industry benchmarks would provide more insights into the effectiveness of Viper Energy Ut's payables management.