Avista Corporation (AVA)

Number of days of payables

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Payables turnover 4.43 5.86 1.30 -0.06 -0.03 0.06 0.06 0.06 0.05 0.13 0.13 0.15 0.13 0.26 0.20 0.25 0.38 0.36 0.42 0.32
Number of days of payables days 82.46 62.33 280.75 — — 5,969.19 6,430.43 5,906.48 6,916.29 2,785.83 2,794.93 2,479.86 2,817.59 1,401.16 1,853.81 1,478.58 971.57 1,014.90 868.18 1,149.28

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.43
= 82.46

The number of days of payables for Avista Corp. has been fluctuating over the past 8 quarters, ranging from 52.10 days to 100.67 days. The trend indicates variability in the company's ability to pay its outstanding obligations to suppliers and vendors.

In Q4 2023, Avista Corp. had 74.45 days of payables, which is higher compared to Q3 2023 (52.93 days) and Q2 2023 (52.10 days). This suggests that the company took longer to settle its payables during this period. However, it's worth noting that the number of days of payables was lower in Q4 2023 compared to Q4 2022 (100.67 days), indicating an improvement in this aspect over a year.

Overall, a thorough analysis of the reasons behind the fluctuations in the number of days of payables would be crucial in understanding Avista Corp.'s liquidity management, vendor relationships, and financial performance.