Hess Payables Turnover from 2010 to 2024

HES Stock  USD 145.38  3.27  2.20%   
Hess Payables Turnover yearly trend continues to be comparatively stable with very little volatility. Payables Turnover is likely to outpace its year average in 2024. Payables Turnover is a liquidity ratio that shows how quickly Hess Corporation pays off its suppliers by dividing total purchases by average accounts payable. View All Fundamentals
 
Payables Turnover  
First Reported
2010-12-31
Previous Quarter
5.62686567
Current Value
6.8
Quarterly Volatility
3.64603755
 
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Check Hess financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hess' main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.7 B, Interest Expense of 501.9 M or Total Revenue of 14.8 B, as well as many indicators such as Price To Sales Ratio of 4.33, Dividend Yield of 0.0109 or PTB Ratio of 5.15. Hess financial statements analysis is a perfect complement when working with Hess Valuation or Volatility modules.
  
Check out the analysis of Hess Correlation against competitors.

Latest Hess' Payables Turnover Growth Pattern

Below is the plot of the Payables Turnover of Hess Corporation over the last few years. It is a liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable. Hess' Payables Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Hess' overall financial position and show how it may be relating to other accounts over time.
Payables Turnover10 Years Trend
Very volatile
   Payables Turnover   
       Timeline  

Hess Payables Turnover Regression Statistics

Arithmetic Mean10.59
Geometric Mean10.01
Coefficient Of Variation34.43
Mean Deviation3.07
Median10.24
Standard Deviation3.65
Sample Variance13.29
Range11.4531
R-Value0
Mean Square Error14.32
R-Squared0.000017
Significance0.99
Slope0
Total Sum of Squares186.11

Hess Payables Turnover History

2024 6.8
2023 5.63
2022 11.96
2021 13.31
2020 17.08
2019 8.62
2018 6.44

About Hess Financial Statements

Hess shareholders use historical fundamental indicators, such as Payables Turnover, to determine how well the company is positioned to perform in the future. Although Hess investors may analyze each financial statement separately, they are all interrelated. The changes in Hess' assets and liabilities, for example, are also reflected in the revenues and expenses on on Hess' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Payables Turnover 5.63  6.80 

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Additional Tools for Hess Stock Analysis

When running Hess' price analysis, check to measure Hess' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hess is operating at the current time. Most of Hess' value examination focuses on studying past and present price action to predict the probability of Hess' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hess' price. Additionally, you may evaluate how the addition of Hess to your portfolios can decrease your overall portfolio volatility.