Clearway Energy Inc Class C (CWEN)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 501,000 | 473,000 | 435,000 | 451,000 | 366,000 |
| Payables | US$ in thousands | — | 130,000 | 55,000 | 74,000 | 72,000 |
| Payables turnover | — | 3.64 | 7.91 | 6.09 | 5.08 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $501,000K ÷ $—K
= —
The payables turnover for Clearway Energy Inc Class C has shown a fluctuating trend over the years. In December 2020, the payables turnover was 5.08, indicating that the company's payables were turned over approximately 5.08 times during that year.
Subsequently, there was an increase in the payables turnover to 6.09 in December 2021, suggesting a more efficient management of payables. The trend continued upwards in December 2022, reaching a payables turnover of 7.91, showcasing an improvement in the company's ability to settle its payables quickly.
However, there was a significant drop in the payables turnover in December 2023 to 3.64, which could indicate a slowing down in the company's payables management efficiency during that period.
Unfortunately, data for December 2024 is not available to provide a complete picture of the company's payables turnover for that year.
Overall, the company has shown variations in its payables turnover over the years, signifying the importance of continual monitoring and analysis of this financial ratio for insights into the company's working capital management efficiency.
Peer comparison
Dec 31, 2024