Constellation Energy Corp (CEG)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 18,777,000 | 20,146,000 | 21,563,000 | 22,212,000 | 20,052,000 | 18,774,000 | |||
| Payables | US$ in thousands | 1,302,000 | 1,317,000 | 1,260,000 | 1,558,000 | 2,828,000 | 2,597,000 | 2,160,000 | 1,847,000 | 1,757,000 |
| Payables turnover | 14.42 | 15.30 | 17.11 | 14.26 | 7.09 | 7.23 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $18,777,000K ÷ $1,302,000K
= 14.42
Based on the data provided, Constellation Energy Corporation's payables turnover ratio for the past five quarters has been reported as 0.00, indicating that the company is not effectively managing its accounts payable. A payables turnover ratio of 0.00 suggests that the company may be taking an extended period to pay its suppliers or may not have significant payables outstanding, leading to potential liquidity or operational issues. It is essential for the company to monitor and improve its payables turnover ratio to ensure efficient management of its working capital and relationships with its suppliers. Further investigation into the reasons behind the consistently low payables turnover ratio is warranted to determine appropriate strategies for improvement.
Peer comparison
Dec 31, 2023