NewJersey Resources Corporation (NJR)

Number of days of payables

		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	Dec 31, 2019
Payables turnover		0.11	0.12	0.13	0.16	0.11	0.14	0.14	0.15	0.11	0.72	1.51	1.11	0.84	0.64	0.09	0.11	0.08	-12.24	-11.32	-5.61
Number of days of payables	days	3,396.18	3,090.38	2,718.03	2,259.37	3,255.00	2,613.87	2,617.03	2,385.43	3,398.85	506.29	242.40	329.66	435.92	573.67	3,959.26	3,434.69	4,455.06	—	—	—

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.11
= 3,396.18

The number of days of payables for NewJersey Resources Corporation has shown fluctuating trends over the past few quarters. As of September 30, 2024, the company's payables are reported at 3,396.18 days, indicating a significant increase compared to the previous quarter. This suggests that the company is taking longer to pay off its accounts payable.

The upward trend in the number of days of payables may signal potential liquidity issues or challenges in managing working capital efficiently. A high number of days of payables could indicate that the company is facing cash flow constraints or experiencing difficulties in meeting its financial obligations promptly.

It is essential for investors and analysts to closely monitor the changes in the number of days of payables to assess the efficiency of the company's cash management and its ability to sustain healthy financial operations in the long run. Additionally, comparing this metric with industry benchmarks can provide valuable insights into the company's financial health and operational performance.