Vital Energy Inc. (VTLE)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 598,071 | 434,372 | 328,054 | 1,211,620 | 972,361 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $598,071K ÷ $—K
= —
To calculate the payables turnover for Vital Energy Inc., we need to use the formula:
Payables Turnover = Cost of Goods Sold / Average Accounts Payable
However, without specific data for Cost of Goods Sold and Accounts Payable, we are unable to compute the payables turnover for the company. It seems that this information is not provided in the table for the years ending December 31, 2019 to 2023.
The payables turnover ratio is a key financial metric used to evaluate how efficiently a company manages its accounts payable. A high payables turnover ratio indicates that the company is paying its suppliers quickly, which may indicate good relationships with suppliers or efficient working capital management.
Without the specific data for Vital Energy Inc., we are unable to perform a detailed analysis of its payables turnover over the years in question.
Peer comparison
Dec 31, 2023