CMS Energy Corporation (CMS)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | — | — | 1.94 | 1.44 | 1.38 | 1.30 | 1.53 | 1.16 | 1.30 | 1.42 | 1.62 | 1.27 | 1.21 | 1.30 | 1.78 | |
| Number of days of payables | days | — | — | — | — | — | — | — | 188.18 | 253.34 | 263.81 | 280.48 | 238.36 | 313.42 | 281.62 | 256.43 | 224.94 | 288.25 | 302.79 | 281.01 | 205.34 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for CMS Energy Corporation has exhibited fluctuations over the analyzed period. From March 31, 2020, to December 31, 2022, there was an increasing trend, peaking at 313.42 days at the end of 2021. This suggests that the company took longer to pay its suppliers during this period.
However, from March 31, 2023, to June 30, 2023, the number of days of payables decreased significantly to 188.18 days, indicating an improvement in the company's ability to settle its payables more promptly. Subsequently, the data from September 30, 2023, onwards is not available (marked as "\u2014 days"), which limits the ability to analyze the company's recent payables management.
Overall, a decreasing trend in the number of days of payables can indicate more efficient working capital management and improved cash flow. Conversely, a significant increase could signal potential liquidity issues or strained vendor relationships.
Peer comparison
Dec 31, 2024