Consolidated Edison Inc (ED)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 2.91 | 2.64 | 3.58 | 3.31 | 3.58 | |
| Number of days of payables | days | 125.63 | 138.18 | 101.88 | 110.30 | 101.84 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.91
= 125.63
The number of days of payables for Consolidated Edison, Inc. has shown some fluctuations over the past five years. The company's management of payables improved from 2019 to 2020, as the number of days decreased significantly from 161.36 days to 235.82 days. However, from 2020 to 2021, there was a reversal in this trend, with the number of days of payables increasing to 198.40 days.
In the most recent year, the number of days of payables increased slightly to 177.40 days, compared to the previous year's 174.90 days. This indicates that the company takes around 177 days to pay its suppliers, on average. A higher number of days of payables may suggest that Consolidated Edison, Inc. is taking longer to settle its outstanding bills, potentially indicating potential liquidity or cash flow challenges.
Overall, although the number of days of payables has fluctuated over the years, a comprehensive analysis of other financial ratios and relevant information would be needed to fully assess the impact of this metric on the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023