American Electric Power Co Inc (AEP)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 2.30 | 0.71 | 0.58 | 0.68 | 0.76 | |
| Number of days of payables | days | 158.68 | 517.16 | 626.18 | 535.40 | 480.96 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.30
= 158.68
The number of days of payables for American Electric Power Co Inc has shown fluctuations over the past five years.
As of December 31, 2020, the company took approximately 480.96 days to pay its payables on average. This figure increased to 535.40 days by the end of 2021, indicating a potential slowdown in payment cycles. In 2022, the number of days of payables surged to 626.18 days, potentially suggesting a significant increase in the time taken by the company to settle its payables.
However, by the end of 2023, there was a noticeable decrease in the number of days of payables to 517.16 days, indicating a potential improvement in the company's payables management. Finally, by December 31, 2024, the number of days of payables had dropped significantly to 158.68 days, potentially signaling a more efficient payment process or changes in the company's payables structure.
Overall, the fluctuations in the number of days of payables for American Electric Power Co Inc over the past five years suggest varying trends in the company's payment practices and working capital management.
Peer comparison
Dec 31, 2024