Exelon Corporation (EXC)

Payables turnover

		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
Cost of revenue (ttm)	US$ in thousands	5,396,000	5,152,000	5,078,000	5,045,000	5,124,000	5,863,000	6,782,000	7,753,000	9,026,000	9,758,000	9,409,000	8,723,000	7,995,000	7,246,000	7,038,000	7,123,000	11,748,000	17,092,000	21,406,000	24,679,000
Payables	US$ in thousands	—	—	—	2,762,000	3,382,000	2,693,000	2,451,000	2,175,000	2,379,000	3,694,000	3,547,000	3,430,000	3,562,000	3,182,000	3,047,000	2,883,000	3,560,000	3,348,000	3,248,000	3,327,000
Payables turnover		—	—	—	1.83	1.52	2.18	2.77	3.56	3.79	2.64	2.65	2.54	2.24	2.28	2.31	2.47	3.30	5.11	6.59	7.42

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $5,396,000K ÷ $—K
= —

Exelon Corp.'s payables turnover has shown fluctuations in recent quarters. The payables turnover ratio indicates the efficiency with which the company is managing its payments to suppliers. A higher ratio suggests that the company is paying its suppliers quickly, which may be beneficial in maintaining good relationships and potentially negotiating discounts.

In Q1 2022, the payables turnover was at its highest at 6.10, indicating strong payment efficiency. However, there was a significant decline in Q2 2022 to 4.71, followed by further decreases in subsequent quarters. By Q4 2022, the ratio dropped to 1.83, signaling a potential delay in payments to suppliers.

The company made improvements in managing payables in Q3 2023 with a ratio of 2.88, slightly lower than Q4 2023's 2.89. However, the payables turnover ratio remains below the levels seen in the earlier quarters of 2022.

Overall, Exelon Corp. should continue to monitor its payables turnover ratio to ensure efficient management of its payables and maintain healthy supplier relationships.