CMS Energy Corporation (CMS)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | — | 1.46 | 1.16 | 1.25 | |
| Number of days of payables | days | — | — | 249.61 | 315.28 | 292.80 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
CMS Energy Corporation's number of days of payables has shown fluctuation over the years. As of December 31, 2020, the company took an average of approximately 292.80 days to pay off its payables. This figure increased to around 315.28 days by December 31, 2021, indicating a potential delay in settling obligations.
However, there was a significant improvement in the efficiency of payables management by December 31, 2022, when the number of days decreased to approximately 249.61 days. This reduction suggests a more proactive approach to managing payables and may indicate better working capital management.
The absence of data for December 31, 2023, and December 31, 2024, makes it difficult to assess the trend beyond 2022 accurately. Monitoring this ratio in future periods will be crucial to understanding whether the company continues to enhance its payables management practices.
Peer comparison
Dec 31, 2024