Edison International (EIX)

Payables turnover

		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
Cost of revenue (ttm)	US$ in thousands	7,707,000	7,642,000	4,768,000	5,045,000	5,167,000	5,157,000	5,239,000	4,611,000	3,944,000	3,973,000	3,867,000	1,812,000	-31,000	23,000	9,000	197,000	106,000	67,000	98,000	-67,000
Payables	US$ in thousands	1,983,000	2,108,000	1,790,000	1,795,000	2,359,000	2,348,000	2,080,000	1,973,000	2,002,000	2,039,000	1,797,000	1,602,000	1,980,000	1,691,000	1,657,000	1,454,000	1,752,000	1,663,000	1,578,000	1,366,000
Payables turnover		3.89	3.63	2.66	2.81	2.19	2.20	2.52	2.34	1.97	1.95	2.15	1.13	-0.02	0.01	0.01	0.14	0.06	0.04	0.06	-0.05

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $7,707,000K ÷ $1,983,000K
= 3.89

The payables turnover ratio for Edison International has consistently been recorded as 0.00 in each quarter from Q1 2022 to Q4 2023. This indicates that the company is not effectively managing its accounts payables during this period. A low or zero payables turnover ratio could suggest that the company is paying its suppliers too quickly, which may impact its cash flow management negatively. Further analysis and investigation are required to understand the reasons behind this consistent trend in the payables turnover ratio.