CMS Energy Corporation (CMS)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,147,000 | 1,116,000 | 1,091,000 | 1,082,000 | 1,050,000 | 1,048,000 | 1,194,000 | 1,317,000 | 1,337,000 | 1,313,000 | 1,179,000 | 1,052,000 | 1,019,000 | 1,020,000 | 938,000 | 873,000 | 837,000 | 798,000 | 817,000 | 871,000 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | 679,000 | 928,000 | 949,000 | 906,000 | 687,000 | 875,000 | 787,000 | 659,000 | 538,000 | 661,000 | 662,000 | 629,000 | 490,000 |
| 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,147,000K ÷ $—K
= —
The payables turnover ratio of CMS Energy Corporation has fluctuated over the past few years, ranging from a low of 1.16 to a high of 1.94. This ratio measures how efficiently the company is managing its accounts payable by indicating how many times a company pays off its average accounts payable balance during a certain period. A higher payables turnover ratio generally indicates that the company is paying off its suppliers more quickly.
In the recent periods, the payables turnover ratio has shown some improvement, with an increase in the ratio from 1.16 in December 31, 2021, to 1.94 in March 31, 2023. This improvement suggests that CMS Energy Corporation has been managing its payables more efficiently. However, it is important to note that for some periods, data is not available, which may impact the overall trend analysis.
Overall, monitoring the payables turnover ratio can provide insights into the company's liquidity, payment practices, and relationships with suppliers.
Peer comparison
Dec 31, 2024