Duke Energy Corporation (DUK)

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		1.68	2.07	2.26	2.27	1.60	1.87	2.00	2.50	2.15	4.84	5.05	5.41	4.27	3.45	3.56	3.59	2.46	1.61	1.88	1.87
Number of days of payables	days	216.68	176.73	161.16	160.92	228.29	194.92	182.94	145.99	169.80	75.34	72.29	67.43	85.54	105.86	102.59	101.54	148.63	226.62	194.05	195.11

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.68
= 216.68

The number of days of payables for Duke Energy Corp. has exhibited some fluctuations over the past eight quarters. In the most recent quarter, Q4 2023, the number of days of payables was 159.44 days, which was higher compared to the preceding quarter, Q3 2023, where it stood at 126.62 days. This increase suggests that Duke Energy Corp. took longer to pay off its outstanding payables in Q4 2023.

Looking at the trend over the past year, there was a notable increase in the number of days of payables from Q1 2022 to Q2 2022, reaching 176.63 days, before experiencing a decrease in Q3 2022 and Q4 2022. This indicates that the company may have adjusted its payment practices during that period.

Overall, observing the fluctuations in the number of days of payables can provide insights into Duke Energy Corp.'s cash flow management and working capital efficiency. A longer number of days of payables may indicate that the company is taking longer to settle its obligations to suppliers, potentially signaling liquidity challenges or negotiations with vendors. In contrast, a shorter number of days of payables may suggest prompt payment practices, effective supplier relationships, or improved cash flow management.