Constellation Energy Corp (CEG)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 19,482,000 | 20,714,000 | 17,942,000 |
| Payables | US$ in thousands | 1,302,000 | 2,828,000 | 1,757,000 |
| Payables turnover | 14.96 | 7.32 | 10.21 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $19,482,000K ÷ $1,302,000K
= 14.96
Constellation Energy Corporation's payables turnover ratio for the years 2020 to 2022 was reported as 0.00, indicating that the company did not have any payables turnover during those years. This suggests that Constellation Energy Corporation did not have any significant or regular activity in terms of paying off its accounts payable during these periods. The lack of payables turnover could be due to a variety of reasons, such as extended payment terms, efficient inventory management, or the company's specific industry dynamics. However, without a value for 2023, it is not possible to further assess any potential changes or trends in the payables turnover ratio for Constellation Energy Corporation.
Peer comparison
Dec 31, 2023