Alliant Energy Corp (LNT)

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	1,394,000	1,393,000	1,394,000	1,387,000	1,376,000	1,350,000	1,336,000	1,321,000	1,313,000	1,302,000	1,279,000	1,218,500	1,192,000	1,174,600	1,160,800	1,193,600	1,407,000	1,609,800	1,820,600	2,018,800
Payables	US$ in thousands	611,000	604,000	585,000	518,000	756,000	786,000	584,000	383,000	436,000	361,000	392,000	307,000	377,000	417,000	429,900	375,400	422,000	497,700	422,500	387,700
Payables turnover		2.28	2.31	2.38	2.68	1.82	1.72	2.29	3.45	3.01	3.61	3.26	3.97	3.16	2.82	2.70	3.18	3.33	3.23	4.31	5.21

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,394,000K ÷ $611,000K
= 2.28

Alliant Energy Corp.'s payables turnover has shown fluctuations over the past eight quarters. The payables turnover ratio measures how efficiently the company is managing its accounts payable.

In Q4 2023, the payables turnover ratio was 2.65, slightly lower than the previous quarter's ratio of 2.83. This indicates that Alliant Energy Corp. took longer to pay off its suppliers relative to the previous quarter.

Comparing to the same quarter in the previous year (Q4 2022), the payables turnover ratio has improved from 2.37 to 2.65 in Q4 2023. This improvement suggests that the company is managing its payables more efficiently and paying off its suppliers at a faster rate than the same period last year.

Overall, the trend in payables turnover ratios indicates variability in Alliant Energy Corp.'s ability to effectively manage its accounts payable over the past eight quarters. Monitoring this ratio over time can provide insights into the company's liquidity management and vendor payment strategies.