FirstEnergy Corporation (FE)

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		1.27	1.42	1.52	1.52	1.25	1.56	1.42	1.47	1.68	1.79	1.30	1.73	1.79	1.64	1.68	1.71	1.72	2.02	2.33	2.82
Number of days of payables	days	288.02	257.91	239.48	240.48	290.88	233.58	256.65	248.19	217.71	203.66	280.81	211.14	203.41	223.21	217.23	213.11	212.61	180.48	156.93	129.25

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.27
= 288.02

To analyze Firstenergy Corp.'s number of days of payables, we can observe a fluctuating trend over the past eight quarters. The number of days of payables indicates the average number of days it takes for the company to pay its suppliers for goods and services purchased on credit.

In Q4 2023, the number of days of payables increased to 107.00 days compared to the previous quarter, Q3 2023, which had 94.39 days. This suggests that the company took longer to settle its outstanding payables in Q4 2023.

Looking at Q4 2022, we observed a significantly higher number of days of payables at 119.44 days, indicating a prolonged payment period compared to more recent quarters. However, in Q2 2023, the number of days of payables decreased to 89.81 days, potentially implying improved efficiency in managing payables during that period.

On average, over the past eight quarters, Firstenergy Corp. has shown a range in its number of days of payables, fluctuating between approximately 90 to 120 days. A higher number of days of payables may indicate a potential cash flow advantage for the company, allowing them to hold onto cash longer before settling obligations. However, an excessively high number of days of payables could also suggest liquidity concerns or strained supplier relationships.

Further analysis of the company's payables management practices, industry benchmarks, and overall financial health would provide additional insights into the significance of these fluctuations in the number of days of payables for Firstenergy Corp.