Weatherford International PLC (WFRD)

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		0.30	0.70	0.65	0.66	0.68	0.47	0.58	0.59	0.69	0.84	0.75	0.88	0.84	2.24	2.32	3.61	3.94	6.60	7.68	6.13
Number of days of payables	days	1,230.13	518.46	560.59	551.35	535.28	780.34	631.83	619.02	526.33	433.31	488.12	413.31	433.44	163.15	157.40	101.22	92.68	55.33	47.54	59.54

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.30
= 1,230.13

The number of days of payables for Weatherford International PLC has shown significant fluctuations over the years. From March 31, 2020, which was at 59.54 days, the number increased to 1,230.13 days by December 31, 2024. This indicates a substantial increase in the time it takes for the company to pay off its payables.

The trend displays volatility with occasional spikes, such as the sharp increase from June 30, 2021 (157.40 days) to September 30, 2021 (163.15 days), followed by a decrease by December 31, 2021 (433.44 days).

Overall, the trends suggest that Weatherford International PLC has struggled to manage its payables efficiently, leading to extended payment periods which may impact cash flow and relationships with suppliers. Monitoring and improving payables management practices could be critical for the company's financial health and operational efficiency.