Dominion Energy Inc (D)

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		4.54	7.91	6.13	5.43	5.22	3.58	3.21	3.52	3.21	4.63	6.81	6.58	6.72	8.86	7.03	6.41	5.22	6.68	6.33	4.73
Number of days of payables	days	80.35	46.16	59.55	67.17	69.94	101.90	113.87	103.63	113.54	78.80	53.62	55.45	54.29	41.18	51.96	56.96	69.98	54.66	57.70	77.20

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.54
= 80.35

To analyze Dominion Energy Inc's number of days of payables, we calculated the average days of payables for each quarter based on the provided data. The average number of days of payables over the eight quarters was approximately 83.17 days.

There is notable variability in Dominion Energy Inc's number of days of payables over the quarters, ranging from a low of 47.74 days in Q3 2023 to a high of 124.46 days in Q4 2022. This indicates fluctuations in the company's ability to pay its suppliers within a certain period.

The decreasing trend from Q4 2022 to Q3 2023 suggests improvements in the company's payable management efficiency as it took fewer days to settle outstanding obligations. However, the subsequent increase in Q4 2023 may raise concerns about the company's cash flow management or changes in payment policies.

Overall, Dominion Energy Inc's number of days of payables should be monitored closely as it can reflect the company's working capital management and relationships with suppliers. Any significant deviations from the average or industry standards may warrant further investigation to assess the company's financial health and operational efficiency.