Middlesex Water Company (MSEX)

Number of days of payables

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Payables turnover 1.26 3.55 4.55 4.99 4.20 1.77 1.78 1.78 1.95 1.74 1.81 2.40 2.04 2.33 1.76 1.66 1.33 1.54 1.67 1.57
Number of days of payables days 289.81 102.85 80.16 73.14 86.87 205.72 205.52 204.74 187.62 209.98 201.62 151.88 178.67 156.47 207.64 219.65 275.20 236.58 218.81 232.69

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.26
= 289.81

Middlesex Water Company's number of days of payables has fluctuated over the period analyzed. From March 31, 2020, to December 31, 2020, the number of days of payables increased significantly, peaking at 275.20 days. This indicates that the company took longer to pay its creditors during this period.

However, from March 31, 2021, there was a downward trend in the number of days of payables, reaching a low of 73.14 days by March 31, 2024. This suggests that the company improved its efficiency in managing its payables, possibly by negotiating better payment terms with suppliers or optimizing its working capital management.

The number of days of payables increased slightly by December 31, 2024, to 289.81 days, indicating a potential reversal in the improving trend seen in the previous periods. It would be important for Middlesex Water Company to monitor and analyze its payables management closely to ensure optimal cash flow and financial health.