CMS Energy Corporation (CMS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | 1.46 | 1.16 | 1.25 | 1.43 | |
| Number of days of payables | days | — | 249.61 | 315.28 | 292.80 | 254.80 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for CMS Energy Corporation has fluctuated over the past five years as follows:
- As of December 31, 2023, the company took approximately 101.37 days to settle its payables.
- By December 31, 2022, the number of days decreased to about 82.03 days.
- The days of payables increased to 105.34 days by December 31, 2021.
- In the preceding year, as of December 31, 2020, the company took around 98.67 days to pay its obligations.
- Going back to December 31, 2019, the number of days of payables was around 81.81 days.
These fluctuations indicate that CMS Energy Corporation has shown varying trends in the time it takes to settle its payables over the given five-year period. A decreasing trend might suggest improved efficiency in managing payables, while an increasing trend could indicate potential liquidity or cash flow challenges.
Peer comparison
Dec 31, 2023