Evergy Inc. Common Stock (EVRG)

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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		2.53	3.59	3.96	3.89	2.31	3.47	2.87	3.41	2.09	2.96	3.29	3.68	1.94	3.57	3.84	4.27	2.40	3.41	3.93	3.61
Number of days of payables	days	144.38	101.75	92.27	93.82	157.70	105.28	127.12	106.89	174.78	123.25	111.04	99.13	188.26	102.29	94.96	85.43	152.00	107.00	92.79	101.21

December 31, 2023 calculation

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

To analyze Evergy Inc's number of days of payables, we can see a fluctuating trend over the past eight quarters. The number of days of payables has ranged from a low of 71.65 days in Q1 2023 to a high of 150.63 days in Q4 2023.

In general, a higher number of days of payables indicates that the company is taking longer to pay its suppliers, which can be a sign of strained cash flow or potentially aggressive working capital management. Conversely, a lower number of days of payables may indicate that the company is paying its suppliers more quickly.

Overall, Evergy Inc's number of days of payables has varied considerably, suggesting changes in its payment practices and potentially its relationship with suppliers over the quarters analyzed. Further analysis of the company's overall financial health and operating performance would be beneficial to fully understand the implications of these fluctuations in days of payables.