Clearway Energy Inc Class C (CWEN)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 501,000 | 491,000 | 490,000 | 491,000 | 473,000 | 457,000 | 421,000 | 415,000 | 435,000 | 455,000 | 474,000 | 469,000 | 451,000 | 425,000 | 403,000 | 383,000 | 366,000 | 367,000 | 356,000 | 347,000 |
| Payables | US$ in thousands | — | — | — | 123,000 | 130,000 | 73,000 | 63,000 | 70,000 | 55,000 | 53,000 | 59,000 | 76,000 | 74,000 | 58,000 | 59,000 | 93,000 | 72,000 | 46,000 | 41,000 | — |
| Payables turnover | — | — | — | 3.99 | 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 | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $501,000K ÷ $—K
= —
Clearway Energy Inc Class C's payables turnover has shown fluctuations over the past years, ranging from as low as 3.64 to as high as 8.68. A higher payables turnover ratio indicates that the company is efficiently managing its accounts payable by paying off its suppliers more frequently.
In the most recent period, the payables turnover ratio has decreased to 3.99, indicating a slight decline in the efficiency of managing its payables. However, this decrease should be analyzed in conjunction with other financial metrics and industry benchmarks to assess the overall financial health of the company.
The trend of payables turnover ratios over time can provide insights into Clearway Energy Inc Class C's payment practices and relationships with its suppliers. An analyst would consider investigating the reasons behind the fluctuations in the payables turnover ratio to understand the underlying factors affecting the company's payables management strategy.
Peer comparison
Dec 31, 2024