Clearway Energy Inc Class C (CWEN)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 337,000 | 325,000 | 325,000 | 321,000 |
| Payables | US$ in thousands | 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 | — | 74,000 | 54,000 | 62,000 | 55,000 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $473,000K ÷ $130,000K
= 3.64
Clearway Energy Inc's payables turnover ratio has been decreasing over the past few quarters, indicating a longer period for the company to pay off its suppliers. In Q4 2023, the payables turnover ratio was 2.94, which is lower than the ratios seen in previous quarters.
The trend of decreasing payables turnover could suggest potential liquidity issues or a change in the company's payment terms with suppliers. A lower payables turnover ratio may also indicate inefficiencies in managing payables or a slowdown in the company's operations.
It is important for Clearway Energy Inc to closely monitor its payables turnover ratio and identify the reasons behind the declining trend to ensure the company's financial health and sustainability in the long run. Additionally, the company may need to review its payables management strategies and optimize its payment processes to improve efficiency and maintain positive supplier relationships.
Peer comparison
Dec 31, 2023