Alliant Energy Corp (LNT)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		2.28	1.82	3.03	3.17	2.83
Number of days of payables	days	159.98	200.68	120.65	115.15	129.19

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.28
= 159.98

The number of days of payables for Alliant Energy Corp. has fluctuated over the past five years. In 2023, the company took an average of approximately 137.83 days to pay its suppliers, which was a decrease from the previous year. This indicates that the company is taking slightly longer to settle its accounts payable, potentially signaling that it is managing its cash flow more efficiently. However, it is important to note that this metric should be analyzed in conjunction with other financial ratios to gain a comprehensive understanding of the company's liquidity and operational efficiency.