Consolidated Edison Inc (ED)

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		2.91	3.91	3.86	3.77	2.64	3.52	3.57	4.16	3.58	3.76	4.17	4.12	3.31	3.49	4.27	4.20	3.58	3.73	3.99	3.82
Number of days of payables	days	125.63	93.43	94.60	96.77	138.18	103.70	102.16	87.71	101.90	97.00	87.58	88.61	110.32	104.60	85.56	86.88	101.84	97.73	91.55	95.53

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.91
= 125.63

Consolidated Edison, Inc.'s number of days of payables has shown fluctuation over the past eight quarters. In Q4 2023, the company had 177.40 days of payables, reflecting an increase from the previous quarter's 118.73 days. This suggests that the company took longer to pay its suppliers and vendors in Q4 2023 compared to Q3 2023.

The trend in the number of days of payables is important as it indicates how efficiently the company is managing its accounts payable. A higher number of days of payables may signify that the company is taking longer to settle its payables, potentially indicating either financial difficulties or a deliberate strategy to manage cash flow. On the other hand, a lower number of days of payables could suggest that the company is paying its bills more promptly, which may be viewed positively by suppliers and creditors.

In analyzing Consolidated Edison, Inc.'s number of days of payables, it is essential to consider industry benchmarks and peer comparisons to assess the company's performance in managing its payables effectively. Additionally, tracking this metric over time can provide insights into the company's financial health and working capital management strategies.