Chesapeake Utilities Corporation (CPK)
Number of days of payables
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 1.57 | 1.97 | 2.37 | 2.75 | 1.69 | 2.04 | 2.49 | 3.14 | 1.79 | 1.70 | 1.81 | 1.52 | 1.72 | 1.29 | 1.61 | 1.47 | 1.18 | 1.04 | 0.83 | 0.56 | |
| Number of days of payables | days | 232.21 | 185.42 | 153.88 | 132.72 | 215.68 | 179.13 | 146.31 | 116.40 | 203.92 | 214.93 | 201.51 | 239.38 | 212.62 | 283.89 | 226.22 | 247.80 | 308.17 | 350.16 | 442.33 | 653.71 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.57
= 232.21
The number of days of payables for Chesapeake Utilities Corp fluctuated over the quarters from Q1 2022 to Q4 2023. In Q4 2023, the number of days of payables was 130.64 days, which was higher compared to the previous quarters, indicating that it took the company around 130.64 days to pay off its outstanding obligations to suppliers.
The trend shows an increase in the number of days of payables from Q1 2022 to Q2 2023, which might suggest a lengthening of the payment cycle or potential liquidity issues during those periods. However, there was a significant spike in Q4 2023 compared to the preceding quarters, indicating a potential strain on the company's working capital management or supplier relationships during that period.
It is important for analysts to closely monitor changes in the number of days of payables as it can provide insights into the company's financial health, operational efficiency, and relationships with suppliers. A longer payables period may indicate possible cash flow issues or challenges in managing working capital effectively.
Peer comparison
Dec 31, 2023