Exelon Corporation (EXC)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		—	1.63	4.49	2.73	2.37
Number of days of payables	days	—	223.39	81.27	133.50	154.25

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —

Exelon Corp.'s number of days of payables has fluctuated over the past five years. As of December 31, 2023, the company took approximately 126.27 days to pay its suppliers, which represents a decrease from the previous year. In comparison to December 31, 2022, when the number of days of payables was significantly higher at 198.95 days, the decrease in payment days may indicate improved efficiency in managing payables. However, it is worth noting that the number of days of payables in 2023 is still higher than in 2020 and 2019, suggesting that Exelon may be taking longer to pay its suppliers than in those previous years. Further analysis would be required to determine the factors behind these changes in the number of days of payables and their implications for Exelon's working capital management.