CenterPoint Energy Inc (CNP)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		0.88	0.71	0.81	1.33	5.51
Number of days of payables	days	413.73	514.58	448.65	274.31	66.25

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.88
= 413.73

The number of days of payables for Centerpoint Energy Inc. has shown a fluctuating trend over the past five years. In 2019, the company took approximately 72.72 days to pay off its payables, suggesting efficient management of its payables. However, there was a significant increase in the number of days of payables in 2021, reaching 186.96 days, which indicates a potential delay in settling its obligations to creditors during that period.

Subsequently, there was a slight improvement in 2022 with the number of days of payables decreasing to 159.65 days, although it still remained relatively high compared to previous years. The most recent data for 2023 shows a further decrease to 154.96 days, indicating a potential effort by the company to manage its payables more effectively.

Overall, the trend in the number of days of payables for Centerpoint Energy Inc. reflects some variability, with periods of both efficient and less efficient management of the company's payment obligations to its suppliers and creditors. Vigilance in monitoring and controlling payables turnover will be essential for the company to maintain healthy cash flow and liquidity.