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.