Eversource Energy (ES)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 2.96 | 0.76 | 0.78 | 0.85 | 1.19 | |
| Number of days of payables | days | 123.17 | 477.32 | 468.99 | 429.85 | 307.26 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.96
= 123.17
Eversource Energy's number of days of payables has shown a fluctuating trend over the past five years. From 2019 to 2023, the number of days of payables has ranged from 132.01 days to 180.99 days, indicating that the company takes an average of 132 to 180 days to pay off its trade payables.
A decrease in the number of days of payables from 180.99 days in 2021 to 132.01 days in 2023 suggests that Eversource Energy has been able to manage its payables more efficiently in the most recent year. This improvement may be beneficial for the company's cash flow management and working capital efficiency.
On the other hand, the increase in the number of days of payables from 137.81 days in 2019 to 180.99 days in 2021 may raise concerns about the company's liquidity and ability to meet its short-term obligations promptly.
Overall, it is essential for stakeholders to monitor Eversource Energy's number of days of payables to assess the company's relationships with its suppliers and its ability to manage its working capital effectively.
Peer comparison
Dec 31, 2023