Clearway Energy Inc Class C (CWEN)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		3.64	7.91	6.09	5.08	4.55
Number of days of payables	days	100.32	46.15	59.89	71.80	80.15

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.64
= 100.32

Clearway Energy Inc's number of days of payables has fluctuated over the past five years. In 2023, the company took an average of 124.24 days to pay its accounts payable, representing an increase from the 64.61 days in 2022. This indicates that in 2023, Clearway Energy took longer to settle its outstanding obligations to suppliers and vendors compared to the previous year.

Compared to 2021, there was a significant decrease in the number of days of payables in 2022. However, in 2021, Clearway Energy had a longer payment cycle, taking 146.49 days on average to settle its payables.

In 2020 and 2019, the company's number of days of payables stood at 88.76 days and 112.06 days respectively, showing variability in the duration taken by Clearway Energy to pay its accounts payable.

Overall, the trend in Clearway Energy's number of days of payables suggests fluctuations in the company's payment cycle, which can impact its liquidity, supplier relationships, and financial performance.