Entergy Corporation (ETR)

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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Payables turnover		1.84	2.21	1.92	1.97	1.54	1.46	1.30	1.73	1.12	0.86	2.19	1.52	0.91	1.85	1.85	1.90	2.28	2.10	2.40	2.49
Number of days of payables	days	198.25	165.11	190.59	185.28	237.62	249.70	280.14	211.02	324.75	426.43	166.58	239.89	400.32	197.37	197.64	192.27	160.21	174.15	152.30	146.40

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.84
= 198.25

Entergy Corp.'s number of days of payables has displayed fluctuations over the past eight quarters. In Q4 2023, the company had an average payment period of 151.70 days, which was higher compared to the previous quarter at 113.49 days. This indicates that Entergy took longer to pay its creditors in Q4 2023.

The trend observed over the past eight quarters shows some variability in the number of days of payables. The highest average number of days of payables was seen in Q2 2022 at 171.05 days, indicating a prolonged payment period during that quarter. On the other hand, the lowest average number of days of payables was recorded in Q1 2023 at 92.07 days, reflecting a shorter payment period during that quarter.

Overall, it is essential for Entergy Corp. to carefully manage its payables to ensure efficient working capital management. Fluctuations in the number of days of payables can impact the company's cash flow and relationships with suppliers. Monitoring and analyzing this metric regularly can help the company make informed decisions regarding its payment practices.