CMS Energy Corporation (CMS)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,147,000 | 1,050,000 | 1,357,000 | 1,013,000 | 824,000 |
| Payables | US$ in thousands | — | — | 928,000 | 875,000 | 661,000 |
| Payables turnover | — | — | 1.46 | 1.16 | 1.25 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,147,000K ÷ $—K
= —
The payables turnover ratio for CMS Energy Corporation has shown some fluctuations over the years.
- In December 31, 2020, the payables turnover ratio was 1.25, indicating that the company turned over its accounts payable approximately 1.25 times during the period.
- By December 31, 2021, the ratio dropped slightly to 1.16, suggesting a decrease in the efficiency of paying off its accounts payable.
- The ratio then significantly improved by December 31, 2022, reaching 1.46, which could imply that the company managed its payables more effectively during that period.
- Unfortunately, the data for December 31, 2023, and December 31, 2024 are not available (denoted as "—"), making it challenging to evaluate the most recent trends in payables turnover.
Overall, fluctuations in the payables turnover ratio may indicate changes in the company's payment practices, credit terms with suppliers, or efficiency in managing its accounts payable. Additional data for the missing years would provide a more complete picture of CMS Energy Corporation's payables turnover performance.
Peer comparison
Dec 31, 2024