Clearway Energy Inc Class C (CWEN)

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		3.64	6.26	6.68	5.93	7.91	8.58	8.03	6.17	6.09	7.33	6.83	4.12	5.08	7.98	8.68	—	4.55	6.02	5.24	5.84
Number of days of payables	days	100.32	58.30	54.62	61.57	46.15	42.52	45.43	59.15	59.89	49.81	53.44	88.63	71.80	45.75	42.04	—	80.15	60.65	69.63	62.54

December 31, 2023 calculation

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

The number of days of payables for Clearway Energy Inc has shown a consistent upward trend over the past several quarters. The metric has steadily increased from 70.82 days in Q1 2022 to 124.24 days in Q4 2023. This indicates that the company is taking longer to pay off its outstanding liabilities to suppliers and creditors.

The significant increase in the number of days of payables suggests that Clearway Energy Inc may be stretching out its payment terms to improve its cash flow position or manage working capital more effectively. However, an excessively high number of days of payables could potentially strain relationships with suppliers or signal liquidity issues within the company.

It is important for investors and analysts to monitor this trend closely to understand the financial health and management strategies of Clearway Energy Inc, as a prolonged increase in days of payables could have implications for the company's operational efficiency and financial performance in the long run.