American States Water Company (AWR)

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		2.46	2.24	2.24	2.43	1.90	2.31	2.28	2.45	2.44	2.48	2.55	2.89	2.59	3.27	3.18	3.67	3.20	3.60	4.35	4.93
Number of days of payables	days	148.31	163.04	162.75	150.49	192.40	158.14	160.11	149.21	149.39	147.02	142.91	126.09	141.08	111.60	114.60	99.40	113.99	101.47	83.95	74.03

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.46
= 148.31

American States Water Co.'s number of days of payables has shown fluctuations over the past quarters. In Q4 2023, the company had 235.37 days of payables, which decreased compared to the previous quarter (Q3 2023). This indicates that the company took less time to pay its suppliers in the most recent quarter. However, the number of days of payables in Q4 2023 was lower compared to Q2 2023 and Q3 2022, suggesting a positive trend in managing payables efficiently.

On average, American States Water Co. takes around 240 days to pay its bills, based on the data provided from Q1 2022 to Q4 2023. Looking at Q1 2022 and Q2 2022, the company had relatively lower number of days of payables compared to the more recent quarters. This indicates a potential shift towards a longer payment cycle in the recent periods.

Overall, the trend in the number of days of payables for American States Water Co. suggests some variability in the company's payment practices, with some quarters showing improvements in managing payables efficiently. It is important to monitor this ratio in conjunction with other financial metrics to gain a comprehensive understanding of the company's liquidity and working capital management.