California Water Service Group (CWT)

Number of days of payables

		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
Payables turnover		2.36	2.41	2.65	3.03	2.57	2.30	2.58	2.55	2.47	2.40	2.67	2.90	2.65	2.57	2.54	3.27	2.98	2.89	3.22	3.75
Number of days of payables	days	154.60	151.67	137.52	120.29	142.10	158.79	141.53	143.01	147.85	151.99	136.75	125.68	137.61	141.77	143.89	111.53	122.39	126.11	113.29	97.31

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.36
= 154.60

California Water Service Group's number of days of payables has fluctuated over the past eight quarters, ranging from 167.09 days to 214.55 days. In Q4 2023, the number of days of payables increased to 213.06 days compared to the previous quarter. This indicates that the company took longer to pay its suppliers in Q4 2023. However, it is important to note that the number of days of payables can be influenced by various factors such as changes in payment terms, cash flow fluctuations, and supplier relationships. Monitoring this ratio over time can provide insight into the company's liquidity management and vendor payment practices.