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.