Avista Corporation (AVA)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 0.07 | -0.03 | 0.05 | 0.13 | 0.38 | |
| Number of days of payables | days | 4,871.04 | — | 6,916.29 | 2,817.59 | 970.99 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.07
= 4,871.04
The number of days of payables for Avista Corp. decreased from 100.67 days in 2022 to 74.45 days in 2023. This indicates that the company took fewer days, on average, to pay its suppliers in 2023 compared to the previous year. Additionally, the trend over the past five years shows some variability but generally suggests that Avista Corp. has been managing its payables efficiently, with fluctuations between 91.47 and 100.67 days. A lower number of days of payables may imply that the company is effectively managing its working capital or negotiating more favorable terms with its suppliers. It is important to consider the industry standards and compare this ratio with competitors to gain a better understanding of Avista Corp.'s performance in managing its payables effectively.
Peer comparison
Dec 31, 2023