The AES Corporation (AES)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.02 | 4.62 | 5.82 | 7.31 | 6.03 | |
| Number of days of payables | days | 60.59 | 78.97 | 62.71 | 49.92 | 60.56 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.02
= 60.59
The analysis of The AES Corporation's number of days of payables indicates fluctuations over the years. The number of days of payables decreased from 60.56 days as of December 31, 2020, to 49.92 days as of December 31, 2021, reflecting a quicker turnover in paying off its liabilities. However, there was an increase to 62.71 days by December 31, 2022, followed by a substantial jump to 78.97 days by December 31, 2023, suggesting a possible extension in the time taken to settle payables. The ratio then decreased slightly to 60.59 days as of December 31, 2024. The upward trend seen in 2022 and 2023 could indicate a need for closer monitoring of payables management to ensure efficient working capital management in the future.