California Water Service Group (CWT)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 2.36 | 2.57 | 2.47 | 2.65 | 2.99 | |
| Number of days of payables | days | 154.60 | 142.10 | 147.85 | 137.61 | 122.27 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.36
= 154.60
The number of days of payables for California Water Service Group has shown a general increasing trend over the past five years, indicating that the company is taking longer to pay its suppliers. In 2023, the company took an average of 213.06 days to pay its payables, which is higher compared to the previous years. This may suggest potential liquidity challenges or inefficiencies in managing the company's working capital. It is essential for the company to carefully monitor and manage its payment obligations to maintain healthy supplier relationships and ensure overall financial stability.
Peer comparison
Dec 31, 2023