Weatherford International PLC (WFRD)

Number of days of payables

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		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	6.98	6.61	5.77	5.86
Number of days of payables	days	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	52.30	55.20	63.21	62.34

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.68
= 535.28

The number of days of payables for Weatherford International plc has shown some fluctuations over the past eight quarters. In Q4 2023, the company had 73.00 days of payables, which increased compared to the previous quarter Q3 2023 with 68.51 days. This indicates that Weatherford International plc took a longer time to pay its outstanding bills in Q4 2023.

Looking back further, the number of days of payables in Q4 2023 was higher compared to Q4 2022 (55.60 days), showing a significant increase year-over-year. This suggests that the company may be managing its payments to suppliers differently compared to the previous year.

Overall, the trend in the number of days of payables for Weatherford International plc has been somewhat volatile, with fluctuations seen from quarter to quarter. It would be important to further investigate the reasons behind these changes in order to assess the company's cash flow management and supplier relationships.