Evergy Inc. Common Stock (EVRG)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		2.53	2.31	2.09	1.98	2.40
Number of days of payables	days	144.38	157.70	174.78	184.09	152.00

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.53
= 144.38

Evergy Inc's number of days of payables has exhibited fluctuations over the past five years. As of December 31, 2023, the company took approximately 150.63 days, on average, to pay its suppliers. This represents an increase compared to the previous year, where the number of days of payables stood at 120.41 days.

The trend over the five-year period shows some variability, with notable peaks and troughs. In 2020, Evergy Inc took a significantly longer time to settle its payables, with the number of days reaching 217.21 days. This was followed by a decrease in 2021, before increasing again in 2023.

Analyzing the number of days of payables provides insights into the company's payment practices and liquidity management. A higher number of days indicates that Evergy Inc is taking longer to pay its suppliers, potentially signaling bargaining power or credit terms. Conversely, a lower number of days suggests that the company is settling its obligations more promptly, which can positively impact cash flow and relationships with suppliers.

Overall, monitoring Evergy Inc's number of days of payables can assist in assessing its financial health, operational efficiency, and relationship with stakeholders in the supply chain.