Civitas Resources (STU:B2C) Days Payable : 99.01 (As of Mar. 2024)

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What is Civitas Resources Days Payable?

Civitas Resources's average Accounts Payable for the three months ended in Mar. 2024 was €801 Mil. Civitas Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was €738 Mil. Hence, Civitas Resources's Days Payable for the three months ended in Mar. 2024 was 99.01.

The historical rank and industry rank for Civitas Resources's Days Payable or its related term are showing as below:

STU:B2C' s Days Payable Range Over the Past 10 Years
Min: 49.69 Med: 90.75 Max: 255.82
Current: 119.47

During the past 9 years, Civitas Resources's highest Days Payable was 255.82. The lowest was 49.69. And the median was 90.75.

STU:B2C's Days Payable is ranked better than
72.03% of 901 companies
in the Oil & Gas industry
Industry Median: 59.19 vs STU:B2C: 119.47

Civitas Resources's Days Payable declined from Mar. 2023 (133.92) to Mar. 2024 (99.01). It may suggest that Civitas Resources accelerated paying its suppliers.

Civitas Resources Days Payable Historical Data

The historical data trend for Civitas Resources's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Civitas Resources Days Payable Chart

Civitas Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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89.89

87.11

255.09

143.34

142.19

Civitas Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															133.92	119.55	106.58	177.78	99.01

Competitive Comparison of Civitas Resources's Days Payable

For the Oil & Gas E&P subindustry, Civitas Resources's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Civitas Resources's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Civitas Resources's Days Payable distribution charts can be found below:

* The bar in red indicates where Civitas Resources's Days Payable falls into.

Civitas Resources Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Civitas Resources's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (538.199	+	753.658)	/	2 )	/	1658.124	*	365
=	645.9285					/	1658.124	*	365
=	142.19

Civitas Resources's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (753.658	+	848.886)	/	2 )	/	738.459	*	365 / 4
=	801.272					/	738.459	*	365 / 4
=	99.01

Civitas Resources Days Payable Related Terms

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Civitas Resources (STU:B2C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Civitas Resources Inc (STU:B2C) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CIVI:USA B2C:Germany

Address

555 17th Street, Suite 3700, Denver, CO, USA, 80202

Website

https://www.civitasresources.com

Civitas Resources Inc is an independent exploration and production company engaged in the acquisition, development, and production of oil and associated liquids-rich natural gas in the Rocky Mountain region, in the Denver-Julesburg Basin of Colorado (DJ Basin). The company's operations are focused on developing the horizontal Niobrara and Codell formations that have a low-cost structure, mature infrastructure, production efficiencies, multiple producing horizons, multiple service providers, established reserves, and prospective drilling opportunities.

Civitas Resources (STU:B2C) Headlines

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