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.