Nextera Energy Inc (NEE)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.53 | 3.94 | 4.41 | 6.19 | 5.54 | |
| Number of days of payables | days | 80.51 | 92.60 | 82.77 | 58.99 | 65.87 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.53
= 80.51
NextEra Energy Inc's number of days of payables has shown variations over the past five years. In particular, we observe an upward trend from 2019 to 2021, with the number of days of payables reaching 559.15 days in 2021. However, in 2022, there was a slight decrease to 474.86 days, followed by an increase to 568.80 days in 2023.
Overall, the number of days of payables indicates how long it takes for NextEra Energy Inc to pay its suppliers. A higher number of days of payables may suggest that the company is taking longer to settle its outstanding obligations to suppliers, which could potentially strain relationships or indicate inefficiencies in the company's working capital management. Conversely, a lower number of days of payables may indicate more efficient management of payables but could also suggest challenges in maintaining positive supplier relationships.
It would be beneficial for NextEra Energy Inc to further analyze the reasons behind fluctuations in its number of days of payables to ensure effective cash flow management and maintain positive relationships with suppliers.
Peer comparison
Dec 31, 2023