Middlesex Water Company (MSEX)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		2.05	4.20	1.95	2.04	1.33
Number of days of payables	days	178.33	86.87	187.62	178.66	275.21

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.05
= 178.33

Middlesex Water Company's number of days of payables have shown variations over the years as follows:

- As of December 31, 2020, the company took on average 275.21 days to pay its payables.
- By December 31, 2021, the number of days of payables decreased to 178.66 days.
- Subsequently, on December 31, 2022, the days of payables slightly increased to 187.62 days.
- A significant reduction was observed by December 31, 2023, with the days of payables decreasing to 86.87 days.
- Finally, as of December 31, 2024, there was a slight increase in the number of days of payables to 178.33 days.

The trend indicates that Middlesex Water Company has made efforts to shorten the number of days it takes to pay its payables, which can be seen as a positive sign of effective cash flow management and potentially good relations with suppliers. However, it is essential to continue monitoring this metric to ensure financial health and operational efficiency.