Entergy Corporation (ETR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1.84 | 1.70 | 1.12 | 1.90 | 2.04 | |
| Number of days of payables | days | 198.75 | 214.83 | 326.05 | 192.24 | 178.99 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.84
= 198.75
Entergy Corp.'s number of days of payables has shown fluctuations over the past five years. In 2023, the company took an average of 151.70 days to pay its trade payables, which is an increase from the previous year. Compared to 2019 and 2021, where the number of days of payables was significantly lower, indicating a faster payment cycle. In 2020, the number of days of payables was notably higher, suggesting a longer period taken by the company to settle its payables.
Overall, a lower number of days of payables indicates that the company is paying its suppliers more quickly, while a higher number signifies a longer payment cycle. It is essential to consider various factors such as industry standards and the company's specific payment policies when analyzing the number of days of payables to gain a more comprehensive understanding of Entergy Corp.'s financial management and working capital efficiency.
Peer comparison
Dec 31, 2023