Duke Energy Corporation (DUK)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1.78 | 1.63 | 2.15 | 4.40 | 2.54 | |
| Number of days of payables | days | 205.41 | 223.29 | 169.80 | 83.02 | 143.70 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.78
= 205.41
Duke Energy Corp.'s number of days of payables has exhibited a declining trend over the past five years. As of December 31, 2023, the company takes approximately 159.44 days to pay its creditors, which is lower compared to the previous year's figure of 172.52 days. This suggests that Duke Energy has been managing its payables more efficiently in recent years. However, it is noted that the number of days of payables can fluctuate due to various factors such as changes in payment terms, supplier relationships, and overall business operations. It would be essential to closely monitor this metric to ensure that Duke Energy maintains an optimal balance between timely payments and cash flow management.
Peer comparison
Dec 31, 2023